Chinese market to drive medical firm's business in Asia

BEIJING - Multinational healthcare devices manufacturer Cook Medical Inc expects to almost triple its business in the Asia-Pacific region by 2015 on the back of continuing strong growth in China, according to the company's senior executives.

"Cook's annual sales growth in China will continue to exceed 60 percent this year, and we forecast this growth momentum continuing in the coming years," Philip Nowell, vice-president of US-based Cook Medical, told China Daily.

In 2010, Cook Medical generated $1.5 billion in sales revenue globally. Of that, the Asia-Pacific region contributed approximately 15 percent. However, the region accounted for about 40 percent of Cook's growth, according to the company.