15 May 2018 China International Medical Equipment Fair
Last month, Power-Packer joined nearly 4,200 other medical device and component manufacturers from over 28 countries to showcase our medical actuation product line to the more than 200,000 visitors and buyers who attended the 2018 China International Medical Equipment Fair (CMEF). Held from April 11-14 this year at the National Exhibition and Convention Center in Shanghai, CMEF is the largest fair of medical devices, related products and services in the Asia-Pacific region.
Power-Packer has attended CMEF for the past 10 years. According to Flora Sang, marketing manager at Actuant China, “The fair is a great opportunity for us to see existing customers and make key new connections. Every year, we gain valuable leads with manufacturers in China, as well as a host of manufacturers and trading companies from India, Korea, Egypt, Indonesia and other countries throughout the region,” she added.
China, A Rapidly Growing Market Sector
“Like others serving the healthcare industry, Power-Packer recognizes the tremendous growth potential in China,” Sang noted. “The medical device market is one of the fastest growing market sectors in China with the industry maintaining double-digit growth for more than a decade.” She added, “About two-thirds of the growth is being fueled by hospital procurements.”
And experts say that the surge is expected to continue. A recent report from McKinsey & Co. found that China’s healthcare market is tipped to grow at an unprecedented compound annual growth rate of around 12% — which means the country will hit the $1 trillion mark by 2020. For comparison, in 2011 the sector was valued at $357 billion. Analysts say the boom is resulting from a range of factors and conditions, including a growing and aging population, huge R&D investment, and central and local government support.
Power-Packer Medical Equipment Solutions
Power-Packer’s hydraulic motion control solutions can be found in a wide range of patient handling applications, including hospital beds, chairs, stretchers, treatment tables, operating tables, shower trolleys, lifts and more. With global manufacturing facilities in Europe, North America, South America and Asia, we’re able to efficiently meet customer needs around the world.