Spanish diagnostics company Werfen is deepening its commitment to the Chinese market, expanding local manufacturing for advanced medical products in the world's second-largest healthcare market.
The Barcelona-based firm made its debut at the just-concluded Western China International Fair for Investment and Trade in Chongqing.
James Gallivan, vice-president of Werfen with full responsibility for China, said in an interview with China Daily that the country's demographic trends, expanding healthcare coverage and continued policy support are creating strong long-term demand for diagnostics technologies.
"China is a huge market and demographic shifts are leading to growing demand for healthcare. The government is building a more robust healthcare system to meet the growing demand," Gallivan said. "We are confident in the long-term potential of China's healthcare market."
Werfen has operated in China for more than three decades and established direct commercial operations in 2012. Since then, China has consistently been one of the company's fastest-growing markets globally, the executive added.
