China ranks as the world's third largest medical device market. By 2014, the expected value of China medical device market will reach US$28 billion. The majority of Chinese consumers trust imported medical device over domestic ones, because they believe that the imported devices are more reliable and less likely to malfunction. Foreign medical device manufacturers have an opportunity to take advantage of this perceived brand value to build a presence in this huge market.
For imported medical device to be sold in China, it must be registered with and have its label approved in one of the 3 classifications endorsed by the SFDA. For foreign medical device manufactures it is of key importance to understand the SFDA requirements and how with up-to-date information their products can reach the market.
This report starts with the introduction of medical device definition(s) in China, the 3 classifications defined by the SFDA as responsible authority for the registration. It also presents the key stakeholders, value chain analysis, timetable, costs, required documents and test items for the imported medical device registration. This report will be helpful for companies wishing to bring successfully imported medical device brands to the China market.
The report contains 17 pages in Chinese presentation format. English version will be charged additionally.
August 20, 2012
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