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China's Medical Device Industry Forecasted To Become The World's Largest, Says Life Sciences Publishing

The medical device industry in China is growing at 17 percent per year and forecasted to continue this incredible growth rate for the next 10 years. Manufacturers in China are expanding rapidly in size and in their numbers. There are now over 9,000 device firms in China. This number will soon pass the United States. They are not only meeting the needs of China's massive market, but export sales of medical devices are growing at 25 percent a year - as shown in a report from China Customs.

Information provided by China Customs Department illustrates that it is manufacturers in the United States and Europe who are getting the most benefit from this growth, with Chinese imports of medical devices up by an astounding 34 percent as of Sept. 30, 2004.

China's State Food and Drug Administration has recently mandated good manufacturing practices for all medical device manufacturers, which is expected to increase the quality and reliability of medical devices made in China and allow them to compete globally. This will only enhance the dramatic growth already underway.

To facilitate global trade with China's explosive medical device industry, Life Sciences Publishing (LSP) announces the launch of China Medbook, the world's first medical device industry directory.

China Medbook contains accurate and detailed information on all firms in both Mainland China (8,000), Taiwan and Hong Kong (1,000). Information provided includes phone numbers, fax numbers, e-mail and postal addresses. Also included are key personnel, number of employees and registered capital. The directory is divided into three sections allowing users to find manufacturers by product, by company profile and geographically.

A detailed verification process undertaken by LSP's professional bilingual staff of software engineers, information specialists, and data entry specialists ensures that the data found in China Medbook is accurate. A team of medical doctors reviewed each manufacturer's products to ensure accuracy in the placement of products into over 200 product categories.

Bill Goodwin, publisher of China Medbook said, "This project, which has taken over 2 years and 40,000 man-hours, will increase and facilitate 2-way trade with China, a vital market for the world's major medical device firms. Lack of quality information is an obstacle for western firms who want to do business in China. China Medbook will save users hundreds of hours in sourcing made in china medical devices, equipment, dental supplies, laboratory products and diagnostic products."

Included in China Medbook is a market research report with pertinent industry and marketing data. Tradeshows across China are included along with a list of all relevant organizations and agencies involved in the development of medical standards. Current import and export data are in separate tables. A list of all trade publications and journals is included along with contact details.

Purchasers of China Medbook who cannot locate a particular product or company can obtain free assistance from LSP staff for one year after date of purchase. In fact, any request that can be handled by phone, fax or e-mail by LSP Shanghai staff will be provided to all purchasers of China Medbook.

LSP also offers a China sourcing service exclusively for the medical device industry. For exporters selling to China LSP assist companies by providing a contact service and acts as a bridge for Western and Chinese companies facilitating world trade in the field of medical products and equipment.

About Life Sciences Publishing
Life Sciences Publishing is an international publisher of data and research reports on the world's healthcare industry with a special focus on China. The Company has offices in Hong Kong, Frankfurt, Germany, New York, Panama and Toronto. The company was founded by Bill Goodwin, a medical device industry leader with 25 years experience in the United States and China.

China Medbook is the world's first English language directory on China's massive medical device industry. It can be purchased on-line at www.lifesciencespublishing.com or by phoning one of the company's five global offices.