Chinese medical imaging market to surge past $2.5B by 2016

Like most other businesses, medical imaging is on the rise in China. In fact, the market for the sector should surpass $2.5 billion by 2016, according to a new report by Global Information. Credit the Chinese government's continued efforts to modernize its healthcare infrastructure for the advance. Global Information notes that there continues to be a concerted effort to bring diagnostic imaging systems to rural hospitals in China in order to reduce the healthcare disparities between the country's rural and urban populations. But, the report warns, there will be price erosion as competition booms among domestic competitors to produce MRI and CT machines, X-ray and ultrasound equipment and other imaging technology. Release