Medtronic CEO Geoff Martha: China Poised to Become the Cradle of Next-Generation MedTech and Healthcare Solutions

Source: China Securities Journal · China Securities Network

China Securities Journal Network report (Reporters: Gao Gaifang; Intern Reporters: Qiao Xiang, Ni Ming) On October 11, the 2021 Shanghai International Biopharmaceutical Industry Week was held in Shanghai, bringing together industry leaders such as top scientists, entrepreneurs, investors, and medical professionals to discuss the development of Shanghai's world-class biopharmaceutical industry cluster. Geoff Martha, Chairman and Chief Executive Officer of Medtronic, believes that China is poised to become a cradle for next-generation medical technologies and solutions, or at least a major innovation hub for them. According to his analysis, China has become fertile ground for digital transformation. "China's medical technology ecosystem is user-centric, and patients are increasingly open to embracing digital and mobile technologies." He believes this has laid a unique foundation for medical technology companies to adopt innovative business models.