Speaking about the improvement in international business relations, Hobert says, "Ten years ago, cultural differences between East and West made it hard to manufacture in China. Chinese workers had different ideas on the importance of meeting deadlines. They also had difficulty making decisions without direction. But over time, a shift took place and now there are no differences in accountability, commitment, and empowerment," he says.
Yuyue
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Yuyue, a Chinese firm that manufactures medical diagnostic equipment, reports it has been growing for the last three to five years. The publicly held company represents a perhaps not too unusual combination of old and new. Its logo is a fish head, symbol of a "fish jumping through the dragon gate."
According to Secretary of the board at the company J. Chen, the first Chinese character of this phrase signifies "the achievement of a better state." He says the company is going to change its name and logo soon to better target international markets.
"China will soon be the world's second largest market for medical devices, after the U.S. China is aggressively pushing the global market. Our product-development times are now so fast that medical devices have become almost like B2B consumer goods," says Chen.
Implications for Refurbished Equipment?
Production of low-cost new equipment in China may ultimately pose a competitive challenge not just to new equipment sales in the U.S., but to the aftermarket as well. A case in point is Positron's new stand-alone PET scanner, manufactured through a China partnership. Read about this at https://www.dotmed.com/news/story/9005.
Regarding the rumor that the Chinese government may be relaxing its ban on refurbished goods (which could not be confirmed by DOTmed News), Mr. Sauer says he has no knowledge that the ban has been reversed, but said he may be able to provide DOTmed with an update in September.
DOTmed sources say that as Chinese regulators begin to understand what's involved in bringing used equipment up to OEM specifications, the ban may ultimately be relaxed. At that point, medical refurbishers will be able to tap into a huge new market. We'll keep you posted.
While the impact on medical equipment is unclear, China has relaxed some restrictions on imports of other used equipment technologies. Read DOTmed's report: https://www.dotmed.com/news/story/9127/
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