Medtech to see robust growth

Aging numbers and middle class growth driving the demand for medical devices

China will become the world's second-largest medical technology market with a value of $55 billion by 2020, The Boston Consulting Group said in a report released on Wednesday.

The medtech market, including instruments and equipment, will have a compound annual growth of 14 percent on average from 2013 to 2020 and its global share will increase from 7 percent in 2013 to 12 percent by 2020, said the report titled "Winning in China's Changing Medtech Market".