AK Medical Hit by Volume-Based Procurement Turbulence

AK Medical reported 1H21 orthopedic revenue of RMB 433.7 million (USD $65.1 million), -6.9% vs. 1H20. The company performed well in 2020, thus its 1H21 revenue grew +2.2% compared to the same period in 2019.

The Chinese joint replacement market entered a turbulent period in June 2021 as it adapted to the national volume-based procurement...

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Mike Evers is a Senior Market Analyst and writer with over 15 years of experience in the medical industry, spanning cardiac rhythm management, ER coding and billing, and orthopedics. He joined ORTHOWORLD in 2018, where he provides market analysis and editorial coverage.

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