Medical device industry affected by financial crisis situation analysis

The world's leading human resource management consulting and outsourcing firm Hewitt Associates latest 2009 China market pharmaceutical and medical device industry salary and welfare assessment reports (hereinafter referred to as "Hewitt Associates report"), pharmaceutical and medical device industries affected by financial crisis. According to statistics, to the end of this year, the top ten foreign yaoqi total number of vacant positions in as high as 3000. Hewitt Associates reports show, 2009 China market in the pharmaceutical industry (non-manufacturing) the overall wage growth rate of about 9.09% professionals, senior professionals, middle managers, senior management remuneration increase respectively 9.16%, 9.31%, 9.39 9.54 percent. Medical device industry (non-manufacturing) the overall wage growth 8.85% professionals, senior professionals, middle managers, senior management remuneration increase respectively 8.54%, 9.13%, 8.27 8.22 percent. China is developing most rapidly ageing, it is expected that by 2010 the elderly over 65 years will reach 8.4% ratio, 2040 this ratio will be more than 20%. From 2008 to 2020, the progressive realization of the national medical insurance and insurance in the amount of increase, China's pharmaceutical market is a huge potential for development. Novartis, Merck Sharp and Dohme, Merck, Eli Lilly, Schering Plough, and many other senior foreign-funded enterprises in the global economic slump period frequently visited China, and also reflects the Chinese market has become the global spotlight.