Siemens Healthineers, the German medical technology company, is looking to tap the growth seams in China’s medical market by localizing operations, products, a top company official said.
Since 1992, Siemens Healthineers has established three production bases in Shanghai, Shenzhen and Wuxi of Jiangsu province
“Our greatest challenge for further development in China is to become a truly local company, which will be the basis for all future competition,” said Wang Hao, president of Siemens Healthineers in China.
According to Wang, in order to become a truly local company, a foreign enterprise needs to establish a localized mechanism, so that it can behave responsively and make decisions effectively in line with the market rules.
“Bearing this mission in mind, we need to make local products, and research and develop local solutions tailored for the Chinese market,” said Wang.
At the same time, Siemens Healthineers also has to contend with the rapid growth of Chinese medical enterprises, he said.
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