Compliance In Focus

We ran across this interesting article in MDDI on the market potential of China.  Though the United States and Europe both greatly surpass China's healthcare, China is expected to catch up to Europe by 2020.  A healthcare stimulus was implemented in China, which has lead to investment in the country’s healthcare infrastructure.  China’s ultimate goal is universal healthcare for its citizens by 2020.  Currently, healthcare spending is low in China, but it is expected to increase.  Unfortunately, China has been struggling with rising labor and shipping costs.  However, these circumstances have encouraged the medical technology industry to become more prominent and invest in R&D.

The third meeting of the International Medical Device Regulators Forum (IMDRF), held in France last month, tackled an aggressive agenda to strengthen its role in setting global device policies and added regulators from China for the first time since its inception in October 2011.

March proved to be a busy month for China and the government bodies responsible for regulating food and drug safety.