The health condition of China’s senior population has improved in general. Yet as they age, their physical capabilities inevitably deteriorate. Coupled with the rapidly ageing population, a pent-up demand for rehabilitation devices is becoming evident.
The President of Jiaxin Medical & Rehab Products Co Ltd of Taiwan, specialised in R&D and production of rehabilitation devices, shares his experience in business operation in the mainland.
In China, as people are living longer and the elderly population continues to rise, market demand for healthcare and rehabilitation products designed to meet the needs of seniors for home safety and physical health is fast expanding. In 2011, 185 million people were aged 60 and over in China. Meanwhile, gradual development of senior services and introduction of different kinds of senior healthcare concepts are helping to bolster the demand for elderly healthcare and rehabilitation products. More
Apart from being an alternative production base, Vietnam is emerging as a destination for foreign retailers seeking to diversify into a new and lucrative market. With a young population and an expanding middle-income class, Vietnam holds the promise for foreign companies. To tap into this dynamic market effectively, knowledge of Vietnamese consumers is essential, given the trends of rising nuclear families, young professionals and female workforce. More