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How do multinational corporations enter China's medical device market in 2016?

author :Publication time :2017/8/23 10:51:02 Browser :
Thanks to the rapid development of China's economy, in recent years, China's pharmaceutical industry has become the focus of the world's major pharmaceutical companies. As one of the most important parts of the market, the medical device market has become a big cake in the eyes of everyone. Almost everyone believes that China's medical device market is rapidly maturing, and with it, China's relevant departments in the field of management system is also rapidly improving. These are conducive to domestic and foreign medical equipment companies to explore this huge market.
Today, coming in 2016, if the multinational companies want to enter the Chinese medical device market, what they want to do first? Recently, Sidley Austin partner Scott Bass has made the following forecast.
, Chinese will promote the localization process of medical devices
Bass said, the most important change in 2016 China the relevant government departments can make is to encourage medical research and development, production of localization, especially for large equipment X - ray equipment or will become the key support. On the one hand, the localization of medical equipment will reduce the production cost; on the other hand, it also shows that China will not only provide spare parts for medical devices in the world industry, but to cultivate their own brand of medical equipment, to participate in the competition. Bass also suggested that the best choice for multinational medical equipment companies to enter the Chinese market is to establish joint ventures with Chinese local enterprises and participate in the competition in the Chinese market through localization methods.
Two "only for research purposes," no longer
Research equipment and as everyone knows, the clinical use of equipment are very different. The latter needs to be strictly examined and approved by relevant management departments before it can finally enter the market. However, the original "R & D" to help basic research policy by many companies as a loophole, many medical device companies in the name "only research" will not get approval by the product (especially in vitro detection equipment) promotion. The future CFDA will plug this loophole, in order to further standardize the approval of medical devices. That's a huge step forward for Bass.
Said three, not on the import of refurbished products
China government departments will be banned imports of large refurbished equipment, for fear of their own importers these second-hand products in the local sales. These devices may pose unpredictable risks to clinical patients.
, four local products in the bidding
Has been China government in an effort to reduce the cost of medical residents. And expensive medical devices, especially implants and other products, are the focus of monitoring. In order to deal with this problem properly, the general hospital will use the tender method to carry on the purchase. In the future, the government will encourage hospitals to use local products in order to further reduce costs.
Five, more regulation
Bass also said that in recent years the GMP certification system Chinese has made great achievements, some in the medical equipment management aspects of the practice has come to the forefront of the world. The Chinese government, while strengthening its own regulation, has agreed to introduce FDA and actively encourage local medical equipment companies to step outside and participate in the competition.
In addition, Bass also reminded the company intends to enter the relevant Chinese pay close attention to overseas anti-corruption law and other laws and regulations promulgated by the government.

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