TranslateNow Releases Whitepaper on Medical Device Localization
US Still Leads Medical Device Exports to China Despite Globalization Restrictions
August 15, 2016 (San Francisco, Calif.) – TranslateNow, a leader in enterprise translation management, announced today the release of a white paper on medical device translation and localization in China. Here is an excerpt from the paper entitled “How US Medical Device Exporters Localize to Succeed in China”:
With a growth rate of 20% annually over the past decade, the China medical device industry has gone from over USD 38bn in 2014 to an estimated USD 45bn in 2015. A significant slice of that pie comes from US medical device manufacturers.
According to the USITC, the United States is currently the largest, single-country exporter of medical devices to China….Still, there is a huge opportunity in China for American medical device companies that are small to medium enterprises (SMEs), especially because of the local perception that imported products are of higher quality and more advanced due to R&D—and the companies that produce them, more credible.