Traditional Chinese medicine (TCM) is a comprehensive medical system that encompasses a wide range of theories and methodologies, including herbal medicine, acupuncture, cupping therapy, massage and dietary therapy. In addition to enjoying a rich culture and history, TCM is also a billion-dollar market that offers some surprising opportunities for Western medical and consumer brands. What is TCM and how big is the market? TCM is an alternative medicine practice that …
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China’s medical device market represents a huge opportunity for British manufacturers. Hamish King, COO of China-focused CRO and regulatory consultancy Cisema, explains how to navigate red tape to get your products ready for approval in China The size of the Chinese healthcare industry is second only to the US, reaching a value of RMB 7.82 trillion in 2019. British medical device manufacturers have traditionally taken a cautious approach to the …
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Leon Wang, AstraZeneca’s Executive Vice-President for International and President of China, discusses China’s healthcare industry
AstraZeneca has been in China now for 25 years, what have you learnt along the way? We are always learning as China is rapidly evolving. As new challenges and opportunities continually drive AstraZeneca’s objective to reshape healthcare in China, one important aspect we have learned is to lead change in tandem with our partners. While we continue to focus on understanding and tackling the critical unmet health needs in China, …