The Chinese orthopedic device market grew at a compound annual growth rate of 20.5 percent since 2006, reaching RM8.32 billion by 2011, according to an analysis by Research and Markets. A series of factors contributed to this growth, including increasing income levels, an aging population and improvements in the medical reimbursement ratio. Despite this growth, the orthopedic device industry in China lags behind other countries. For instance, China's leading orthopedic devices companies Trauson, China Kanghui and Weigao Group held a market share of just 4.6 percent, 3.9 percent and 2.9 percent, respectively, in 2011.
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