Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Better Understand the Timeline of the Tariff War and What Triggered the Hostilities
* Required Fields
Pay by invoice
As the US-China Tariff War continues to escalate, the Transformational Healthcare Team at global research firm Frost & Sullivan has made available an insight analysis exploring the threats and opportunities for US businesses in China. The insight analysis also examines the timeline and causes of the tariff war and explores why medical technology (MedTech) is included in the United States’ new tariff policy. The United States is the world’s largest medical technology importer, and China is its fourth-largest supplier. The tariff war is anticipated to create a ripple effect that will impact healthcare systems as costs rise. An unanswered question is who eventually absorbs the increase in costs of medical devices. Frost & Sullivan's analysis suggests that manufacturers may absorb the costs for high-value medical devices, such as MRI and CT machines, passing some of those costs on to hospitals. For low-end products, especially consumables, customers will end up paying more. Given the massive growth opportunity with China’s domestic market, the tariff war is not going to impact the planned investments of US companies in the Chinese MedTech industry. However, an uneven playing field favoring domestic companies over foreign ones can abate long-term optimism for the Chinese market. About 80% of US origin businesses operations in China indicated that the uneven playing field favoring domestic companies over foreign ones is making it increasingly difficult for US companies to compete in the Chinese market. Tariffs at both points of the supply chain (in the United States and in China) run the risk of cost inflation for the companies that have manufacturing units in either country, which may eventually lead to an escalation in patient care costs across many countries. As a consequence of the US tariffs on China, other low-cost manufacturing destinations such as Malaysia, Vietnam, and Costa Rica will see a moderate increase in manufacturing activity with some companies expected to shift operations to these destinations. It is critical for US MedTech OEMs to evaluate the total cost of ownership as they examine alternative sourcing destinations. Additional regulatory considerations, such as FDA requirement for the supplemental submission for supplier change affecting changes to input could lead to delays of several months. Frost & Sullivan finds that next year’s presidential election in the United States will be pivotal to the future of the ongoing US-China tariff war. Not surprisingly, healthcare is highly debated political issue. With the anticipated price transparency rules to take effect during 2020, dealing with the US-China tariff related inflation for the US healthcare industry will be a high-priority agenda for the newly elected president.This Frost Perspective will help• Better understand the timeline of the tariff war and what triggered the battle. • Gain insight into why the United States included MedTech under the new tariff regime. • Learn about the implications for the medical imaging, medical devices, and diagnostics industries and the ripple effect for healthcare systems.Author: Kamaljit Behera
MedTech Innovations Impacting Cosmetic & Aesthetic Procedures
Innovations in Imaging Technologies, Drug Delivery Solutions, Diagnostic and Neuromodulation Devices
Technological Advances in Gastrointestinal Imaging and Diagnosis
Innovations in Wellness, Biotech, and Digital Health Platforms
Innovations in Wound Care, Ophthalmic Devices, and Artificial Intelligence-enabled Diagnostics
Innovations Transforming the Global Healthcare IT, Biomarker, Biologics, and Small Molecule Landscape
Innovations in Biomarker Analytics
Innovations in Ophthalmic, Rehabilitation, Cardiovascular and Cancer Screening Devices
Global Blockchain Technology Market in the Healthcare Industry, 2018–2022
Global Enterprise Imaging Solutions Market, Forecast to 2024
dietary supplements market
fuel cell market
functional food market
heavy truck market
residential energy storage market
thermal spray coatings market
composite materials market
medical robots market
electric vehicle market analysis
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.