Report finds more large medtech companies buying into China

05/13/2013 |

A Kalorama Information report found that the global market for medical devices rose 3%, to $331 billion, in 2012, which was less than the company had predicted. The report ties this slower growth rate in part to the economic downturn in Europe and health care reform in the U.S. The report also notes that more large medtech firms appear to be acquiring small Chinese companies, as shown by Medtronic's recent purchase of China Kanghui and Johnson & Johnson's buyout of Guangzhou Bioseal Biotechnology in 2012.

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