China's Medical Device Market Will Burgeon Beyond $50 Billion by 2020
The Chinese medical device market is set to rise from $27.7 billion in 2014 to an estimated $50.8 billion by 2020, expanding at a strong Compound Annual Growth Rate (CAGR) of 10.6%. This substantial increase will be driven by a number of factors, including the increasing prevalence of metabolic syndromes and chronic diseases, an aging population, as well as government investment. These factors are all linked, as an aging population will lead to increased incidences of chronic diseases such as...
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