Medical devices have started to proliferate these days as people's awareness and needs for healthcare grows.
In most developed countries, small medical devices, especially for diagnostic purposes, start to proliferate outside of the traditional care settings of hospitals and doctor's offices, and into assisted-living facilities and homes.
In China, the market for in-vitro diagnostics (IVD) continues to expand due to the significant developments in diagnostic services and greater health care needs of increasing population of the elderly. POCT service in cardiology, oncology, neurology, infectious diseases, and ophthalmology is also becoming more popular as it's one of the key sectors within the IVD market.
Embest has worked with a lot of POCT device producers in particular. Although we expect the consumer markets for POCT devices will take time to grow, an obviously upward trend is observed as the POCT technologies will benefit the under-developed rural areas and cities where health care resources are limited, which is also an incredibly large market.