Find out how Philips Home Healthcare Solutions' CEO John Miclot plans to increase investment in China and acquire local leading enterprises in the health care sector.
Full Chinese-language news summary reprinted from PharmAsia News - August 4, 2008
Philips To Push Home Medical Devices In China
Full Chinese-language news summary reprinted from PharmAsia News - August 4, 2008
Philips Home Healthcare Solutions' CEO John Miclot reveals that the company will be increasing investment in China and acquiring local leading enterprises in the health care sector. The country's medical electronic market expanded 17.1 percent to hit 24.68 billion yuan ($3.60 billion) in 2007, a growth notably higher than the global market. Home medical devices took up around 75 percent, far more than the world's average of 45 percent. Philips plans to push into the digital home-care market for its health care strategy, with China as its most important consumer market as well as production and R&D base. Research firm CCID Consulting forecasts China's medical device production to reach 100 billion yuan ($14.59 billion) in 2010, or 5 percent of the world's market. (Click here for more - Chinese Language)
"Philips To Put Stake On Health Care Devices And Optimize China's 100 Billion Yuan Market" - hexun.com (7/29/08)
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