China's Medical Device Industry Forecasted to Become the Worlds Largest
(New York, N.Y., January 10th 2005) The medical device industry in China is growing at 17% per year and forecasted to continue this incredible growth rate for the next 10 years. China Medbook, a new directory and industry reports from Life Sciences Publishing (LSP) provides complete information on the industry and profiles 9,000 manufacturers.
Manufacturers in China are expanding rapidly in size and in their numbers. There are now over 9,000 device firms in China and this number will soon pass the United States. They are not only meeting the needs of China's massive market but export sales of medical devices are growing at 25% a year as shown in a report from China Customs.
Information provided by China Customs Department illustrates that it is manufacturers in the United States and Europe who are getting the most benefit from this growth with China imports of medical devices up by an astounding 34% as of the September 30th, 2004.
China's State Food and Drug Administration has recently mandated Good Manufacturing Practices for all medical device manufacturers which is expected to increase the quality and reliability of medical devices made in China and allow them to compete globally. This will only enhance the dramatic growth already underway.
To facilitate global trade with China's burgeoning medical device industry, Life Sciences Publishing announces the launch of China Medbook, the world's 1st medical device industry directory.
China Medbook contains accurate and detailed information on all firms in both Mainland China, (8,000) Taiwan & Hong Kong (1,000). Information provided includes phone, fax, e-mail and postal addresses. Also included are key personnel, number of employees and registered capital. The directory has 3 sections: the 1st section sorts manufacturers by over 200 different categories allowing users to find companies by product. The 2nd sorts companies geographically and the 3rd is organized by company profile.
A detailed verification process undertaken by LSP's professional bilingual staff of software engineers, information specialists, and data entry specialists ensures that the data found in China Medbook is accurate. A team of Medical Dr's reviewed each manufacturer's products to ensure accuracy in the placement of products into categories. Over 40,000 man-hours were spent collecting and verifying the data.
Bill Goodwin, Publisher of China Medbook says, "This project which has taken over 2 years and 40,000 man-hours will increase and facilitate 2-way trade with China, a vital market for the world's major medical device firms. Lack of quality information is an obstacle for western firms who want to do business in China. China Medbook will save users hundreds of hours in sourcing made in China medical devices, equipment, dental supplies, laboratory products and diagnostic products".
Included in China Medbook is a market research report with pertinent industry and marketing data. Tradeshows across China are included along with a list of all relevant organizations and agencies involved in the development of medical standards. Current import and export data are in separate tables. A list of all trade publications and journals is included along with contact details.
Purchasers of China Medbook who cannot locate a particular product or company can obtain free assistance from LSP staff for 1 year after date of purchase. In fact any request that can be handled by phone fax or e-mail by LSP's Shanghai staff will be provided to all purchasers of China Medbook.
Life Sciences Publishing also offers a China sourcing service exclusively for the medical device industry. For exporters selling to China LSP assist companies by providing a contact service and acts as a bridge for Western and Chinese companies facilitating world trade in the field of medical products and equipment.
About Life Sciences Publishing: Life Sciences Publishing is an international publisher of data and research reports on the world's healthcare industry with a special focus on China. The Company has offices in Hong Kong, Frankfurt, New York, Panama and Toronto. The company was founded by Bill Goodwin, a medical device industry leader with 25 years experience in the United States and China.
China Medbook is the world's first English language directory on China's massive medical device industry. Less than 1 month from the date of publishing China Medbook has been sold in more than 40 countries worldwide. It can be purchased on-line at www.lifesciencespublishing.com or by phoning one of the company's 5 global offices.
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