{"id":49934,"date":"2014-04-20T20:07:10","date_gmt":"2014-04-21T00:07:10","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=49934"},"modified":"2014-04-22T07:37:23","modified_gmt":"2014-04-22T11:37:23","slug":"the-chinese-medical-equipment-market-could-fatten-your-wallet","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/04\/20\/the-chinese-medical-equipment-market-could-fatten-your-wallet\/","title":{"rendered":"The Chinese Medical Equipment Market Could Fatten Your Wallet\u2026"},"content":{"rendered":"

By MoneyMorning.com.au<\/u><\/a><\/p>\n

Medical equipment<\/strong> sales are going through the roof…<\/p>\n

What was once just a U.S.-centric business is quickly spreading across the globe. According to one report, medical devices make up an industry that’s projected to reach $434.4 billion worldwide by 2017.<\/p>\n

But in particular, one specific market is set to realize the biggest gains: China<\/a><\/strong>.<\/p>\n

‘Within this largest of emerging economies dwells an expanding middle class that’s increasing in age and seeing improved medical insurance coverage,<\/em>’ explains Rude<\/em> researcher Noah Sugarman. ‘The Chinese medical equipment market already grows 15-20% annually, but that growth rate could look downright puny compared to its future growth prospects.<\/em>’<\/p>\n

Here’s the story…<\/p>\n

The Chinese government recently launched a health reform program that aims to create a foundation for universal health care access by 2020 in a two-pronged effort committing close to the equivalent of $200 billion. That’s on top of already astronomical levels of government healthcare spending already in place in China.<\/p>\n

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\nClick to enlarge<\/a><\/em><\/div>\n<\/p>\n

‘Put that government funding alongside increasing demand from Chinese consumers and you’ve got the perfect catalysts for massive gains in market size,<\/em>’ Noah explains…<\/p>\n

‘All in all, the Chinese medical device market is projected to grow to $53.7 billion by 2015,” he continues. “And while medical equipment currently make up a little over 14% of the country’s total pharmaceutical industry, they’ve got the potential to see 40% market share in the near future – a percentage that most developed nations see.<\/em>’<\/p>\n

That means we could be smack on the ground floor of a massive new industry in the world’s most populated country. To put it into perspective, just imagine if you could’ve gotten on board the U.S. medical device market<\/strong> while it was still in its early stages…<\/p>\n

This is one of the most exciting areas of the Chinese<\/strong> breakout that we’ll keep watching for new opportunities<\/a>.<\/p>\n

Regards,<\/p>\n

Greg Guenthner
\nContributing Editor, Money Morning<\/em><\/p>\n

Ed. note:<\/strong> This article was originally published in The Daily Reckoning US<\/em><\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au Medical equipment sales are going through the roof… What was once just a U.S.-centric business is quickly spreading across the globe. According to one report, medical devices make up an industry that’s projected to reach $434.4 billion worldwide by 2017. But in particular, one specific market is set to realize the biggest gains: … <\/p>\n

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