ARTICLE SUMMARY:
The Chinese medical device industry is entering a new generation, open to but not dependent on Western companies. For Western companies, opportunity is there but the rules of access and business practices continue to be arcane. Now a new accelerator, launched by a former Medtronic executive, is helping companies find their way in what will soon be the world’s largest medtech market.
A decade or so ago, most Western medtech companies, if they thought about China at all, saw it as a promised land, a medical device market that was relatively small compared to China’s overall population but absolutely huge compared to most Western markets.
