Medtronic, the Dublin-based med­i­cal de­vice gi­ant, is look­ing for takeover tar­gets in the Chi­nese mar­ket.

Modern Healthcare - - LATE NEWS -

CEO Omar Ishrak told in­vestors Fri­day that he be­lieves the de­vel­op­ing world will rep­re­sent a $7 bil­lion mar­ket op­por­tu­nity by 2019. China’s grow­ing mid­dle class and aging pop­u­la­tion makes it a tar­get for the health­care in­dus­try. Ishrak said med­i­cal de­vice mak­ers in­creas­ingly need to demon­strate the eco­nomic value of their prod­ucts. Medtronic isn’t the only one look­ing east. On first quar­ter earn­ings calls, a num­ber of med­i­cal de­vice com­pa­nies re­ported rapid growth in China, which out­per­formed the U.S. and Europe.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.