China calls for greater use of homegrown medical devices

August 18, 2014 10:26 AM

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China calls for greater use of homegrown medical devices

SHANGHAI (Reuters) - China may use incentives to encourage domestic hospitals to use Chinese-made medical devices as it looks to stimulate the local market and reduce soaring healthcare costs, a potential threat to the global firms who currently dominate the sector.

China will speed up the development of its medical device industry and promote wider use of local products to "effectively control unreasonable increases in the cost of medical care and reduce the burden on patients," the country's health ministry said in a statement posted on its website on Monday.

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