www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

Medical device producer announces M&A strategy

By Liu Jie | China Daily | Updated: 2012-08-11 07:48

Medtronic Inc plans to bolster its presence in China via mergers and acquisitions of local companies, becoming the first multinational medical equipment provider to announce such a strategy in the world's fastest-growing medical device market.

Simon Li, vice-president of the US-based company and president of Medtronic Greater China, said that the medical device producer already has some candidates and is still looking for others.

He refused to provide names of the potential targets.

Medtronic, the largest producer of heart pacemakers in the world, develops and manufactures devices and therapies for more than 30 chronic diseases, including cardiovascular illnesses, Parkinson's disease, diabetes, chronic pain and osteoarthropathy.

Medtronic is assessing the market potential of the products and technologies of the targeted companies. Li also said that the targeted companies "must have a common vision and business philosophy" with Medtronic.

Medtronic is the first multinational medical device company that has publicly said it will make M&A one of its key strategies in China.

Cai Tianzhi, director of the medical device department under the China Chamber of Commerce for Import & Export of Medicine and Healthcare Products, said the gap between foreign giants and domestic companies in terms of research-and-development capability and consuming groups are rather large, so M&A may face a series of challenges, including branding, quality control and staff training.

On the other hand, this kind of M&A will help foreigners enrich their product portfolio, tailor to local markets and get access to distribution networks and sound government relations set up by local counterparts, Cai said.

Multinational medical equipment providers are adopting various strategies to develop business in China.

St Jude Medical Inc, Medtronic's archrival in development and production of cardiovascular equipment, had said that it will continue organic growth in China. It set up two technology centers to introduce its technologies to the emerging market and provide training for local doctors in a bid to promote its sophisticated products to Chinese hospitals.

GE Healthcare, the medical care arm of General Electric Co, launched an R&D center in Chengdu and doubled its sales staff in 2011 to penetrate China's grassroots market.

Johnson & Johnson Medical China will expand its presence in China by cooperating with government departments and academic institutions.

Medtronic had tested the waters for M&A in China. In 2008, it set up a joint venture with Shandong Weigao Group Co Ltd, one of China's major medical equipment companies. The US company holds a 51 percent stake, and the joint venture has been developing and marketing Medtronic's vertebral and joint products.

In September, Medtronic-Weigao Orthopedic Technological Support Center, using a 20 million yuan ($3.14 million) investment in R&D equipment, was set up in Beijing to focus on the development of orthopedic technologies and devices.

China's medical equipment sales will hit 400 billion yuan this year and is expected to continue to rise more than 20 percent annually through 2015, compared with around 7 percent in developed markets, according to Fan Yubo, chairman of the Chinese Society of Biomedical Engineering.

Li said that Medtronic's annual sales in China increased by 27 percent to 30 percent on average over the last six years, while profits jumped 20 percent a year. "China contributes 40 percent of Medtronic's growing market sector so far, and our global CEO hopes the sector will rise 20 percent annually," said Li.

liujie@chinadaily.com.cn

(China Daily 08/11/2012 page9)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 美女a毛片| 日韩成人在线播放 | 久久久久久久岛国免费观看 | 亚洲精品美女国产一区 | 亚洲在线日韩 | 最新亚洲人成网站在线影院 | 97久久精品一区二区三区 | 国产一区二区三区不卡在线观看 | 美女福利视频国产片 | 国产做a爰片久久毛片a | 免费观看一级一片 | 中文字幕欧美在线观看 | 精品国产亚洲一区二区三区 | 一区二区三区影视 | 国产三区视频在线观看 | 色欧美与xxxxx | 亚洲伊人成人 | 亚洲资源在线观看 | 99久久这里只精品国产免费 | 中文字幕咪咪网 | 欧美区一区 | 欧美大片一级特黄 | 91久久精品国产一区二区 | 亚洲三级a | 日韩国产欧美视频 | 亚洲炮网 | 91国在线高清视频 | 久草免费在线播放视频 | 国产在线观看网址在线视频 | 国产三级精品久久三级国专区 | 欧美大片一区二区三区 | 国产成人亚洲综合一区 | 美女的被男人桶爽网站 | 日韩亚洲欧美在线 | 精品久久久久久中文字幕网 | 国产在线乱子伦一区二区 | 91精品国产免费网站 | 国产一区二 | 亚洲天堂久久精品 | 亚洲精品字幕一区二区三区 | 国产在线一区二区三区四区 |