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Canon Healthcare is Seeking New Opportunities in Rural China

Oct. 29, 2010

At a medical device fair in Shenyang, Canon Healthcare indicated that it would increase its sales in rural China. The company plans to further reduce medical equipment prices to make it more affordable and also intends to launch more products in the Chinese market soon.
The Chinese government had announced earlier in 2009 that it would invest 850 billion Yuan (~$124 billion) over the next three years to revamp the Chinese medical system. Nearly one-third of the amount would be used to build new hospitals and upgrade existing facilities. It is estimated that more than 20,000 general hospitals around China are in need of medical equipment replacement, while additional 300,000 hospitals and clinics in rural China lack even most basic medical equipment.