The major companies operating in the region include Abbott Laboratories, Inc., Boston Scientific Corp., and Medtronic plc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in September 2016, Intuitive Surgical and Fosun Pharma established Joint Venture with the purpose to research, develop and manufacture advanced, robotic-assisted catheter-based medical instruments. This move aimed to deliver advanced healthcare solutions in China and across the globe.