Summa Design Announces Continuing Expansion with Opening of Far East Operations Office in Shanghai, China
Summa Design, contract design firm focused on the medical device industry, today announced the opening of their new Far East Operations office in Shanghai, China. The new office extends Summa Design’s reach into the rapidly expanding Chinese market.
Montrose, CO (PRWEB) March 30, 2005 -- Summa Design, contract design firm
focused on the medical device industry, today announced the opening of their new
Far East Operations office in Shanghai, China. The new office extends Summa
Design’s reach into the rapidly expanding Chinese market.
“We are excited
to be able to leverage Summa Design’s unique expertise to launch several new
initiatives in the largest untapped market in the world,” said Jon Ferris,
President & CEO of Summa Design. “Demand for better medical equipment is
driving the Chinese market and will increase as the country modernizes to
provide healthcare to a population of nearly 1.3 billion people. Our new office
will act as a liaison between Chinese medical device companies and their
U.S.-based counterparts. We will be facilitating introduction of U.S. devices
into Chinese distribution and also helping Chinese medical device companies
introduce their products into the U.S. and European markets.”
With one of
the fastest growth rates in the world, the Chinese medical equipment market was
estimated at $10.6 billion in 2003 and growing at 15% per year. China has more
than 300,000 health institutions countrywide including more than 60,000
hospitals.
"Standard of living as well as the elderly population
continues to increase steadily in China. Chinese government reforms are aimed at
promoting better access to basic health care through increasingly open markets
for foreign devices," noted Mr. Ferris. "Our staff in China will be working
closely with the State Drug Administration of China on importation and
registration of new U.S. devices being introduced.”
The Company
Summa
Design is a privately-held company based in Colorado. Their clientele includes
medical device companies in need of engineering resources and includes large,
established companies as well as small start-ups. The company provides an
unparalleled range of services in the industry, including engineering design and
development services, marketing, sales, distribution, and FDA and international
regulatory consulting. Summa Design is the first contract design firm to offer
an industry-leading “VC Partner Program©”, which promotes relationships with
venture capital companies and allows Summa Design to introduce start-up clients
to funding sources.
Visit their website at www.summa-design.com for
more information.
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Source : http://www.prweb.com/releases/2005/3/prweb222978.htm