Changzhou Meets California: A Seminar on Opportunites in the Medical Device Industry
Wednesday, June 17, 2015
4:30 p.m. - 7:30 p.m.
The Westin South Coast Plaza
U.S.-China Chamber of Commerce and Changzhou are pleased to invite you to “Changzhou Meets California: A Seminar on Opportunities in the Medical Device Industry." A cocktail reception and dinner will follow immediately after the seminar.
This special event will be held on Wednesday, June 17, 4:30 p.m. – 7:30 p.m. at The Westin South Coast Plaza, 686 Anton Boulevard, Costa Mesa, CA 92626. It will focus on business opportunities for U.S. companies in the medical device industry. The program will also offer an opportunity to meet with government leaders from Changzhou, led by Mr. Li Chenguang, Vice President of CCPIT Changzhou.
The healthcare industry is one of the fastest growing market sectors in China. The aging population, coupled with the rise of the middle class, has resulted in rapid demand for quality healthcare service, especially medical devices. China’s sales in Medical Devices reached 255 billion RMB in 2014, making it one of the most promising medical device markets in the world. In addition, foreign brand medical devices typically command a premium in China.
Changzhou, in particular, is poised to become one of the development centers for China's medical device industry due to the following:
Changzhou is located in the Yangtze River Delta, one of the fastest growing regions in China and is only one hour from Shanghai by high speed rail.
The city is developing a medical device industrial park with a large number of distributors.
In recent years, several large global medical device companies including Medtronic, Stryker and Covidien have acquired or invested in local medical device manufacturers. Attached is a list of select medical device companies in Changzhou and information on the acquisitions and joint ventures by U.S. companies.
The city is a major commercial center with well-developed infrastructures, sophisticated supply chain services, and advanced manufacturing.
To attract foreign direct investment, Changzhou government is striving to help U.S. companies with good products to obtain China Food and Drug Administration approval, distribute products, and identify quality manufacturers.