Based on the perspective of the healthcare industry, a study on the medical device market's significant growth and contribution to the Chinese economy

Abstract

Although there is a growing interest in investing in China, the growth of the medical device sector has been sluggish. In spite of this, the industry is growing in importance as more people become aware of the fact that when compared to a review of the literature, a number of publications provide crucial details regarding China's medical device market and investment environment. The topic of investment in medical device technology and the market is not well studied. The technology investment theories are derived from foreign investment theories. Adequate regulations on medical device investment will be more crucial than ever for assisting companies doing business in China, as the Chinese government is now more focused on healthcare than it has ever been. Future business research will increasingly concentrate on medical device investments. The medical device laws, notably the new Chinese medical device regulations, which came into force in 2014, received minimal attention. We are here to help you close that gap, therefore please review our proposal, which aims to reveal the key factors influencing the Chinese medical device market, assess investment viability, and provide some insight into the industry. Investors who are interested in entering the Chinese market may find it helpful to compare the laws governing medical devices in the past and present. The medical device industry study is the first to use location quotient. In spite of the fact that the global medical device market is among the most promising, this study offers a substantial number of important materials.