Aging Population, Rising Middle Class Could Boost Medical Device Companies

An aging population in China combined with a growing middle class will affect U.S. imports  of U.S. made medical devices according to Michael Taylor, Senior Director of International Affairs and Trade at the Washington-based Society of the Plastics Industry. With China and Asia becoming a huge market for global healthcare-related companies, Mark Bonifacio, owner of Bonifacio Consulting Services, says Original Equipment Manufacturers are setting up design centers in Asia to be closer to their customers. According to Len Czuba, principal of Czuba Enterprises, for medical devices entering the market, the trend is moving towards mobile devices, he says, “Healthcare is moving away from hospitals and into home environments and devices are shifting towards ability to be used by non-doctors.”