Suzhou site for medical scanners
By Zhu Shenshen |
November 18, 2009, Wednesday
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Print Edition
Print Edition
ROYAL Philips Electronics is to establish a medical imaging system facility in Suzhou at a cost of 36 million euros (US$54 million) to tap into the rapidly growing Chinese health care market.
Philips, based in Netherlands, plans to employ 500 people at the facility which will occupy 62,000 square meters in Suzhou Industrial Park and is due to be completed by the middle of 2012.
The facility integrates the manufacture, research development and assembly and source of medical imaging systems. Philips will manufacture CT and MRI machines as well as X-ray equipment.
"We are now better positioned to help improve the accessibility and affordability of health care services in China, Philips' third-biggest regional market worldwide," said Steve Rusckowski, the company's executive vice president.
Philips healthcare division will expand its distribution channels into the western region of China, he said.
With the fast growth of the Chinese health care market and people's rising aspirations for a better quality of life, many hospitals need to upgrade equipment to meet demand, industry insiders said.
Over the next five years, China is to invest a total of 850 billion yuan (US$124.5 billion) in health care.
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