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.
More Articles on Orthopedic Devices:
Cleveland Clinic Receives $2.8M for Orthopedic Initiatives
Study: Regulations, Taxes Pose New Challenges for US Medical Device Industry
Moving Forward With Cartilage Regeneration: Q&A With Regentis CEO Dr. Alastair Clemow
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
