Canon bets big on medical equipment sales

Technology firm Canon Inc is hoping to make sizable inroads into the growing medical equipment market in China after enjoying success with its digital cameras and printers.

The company expects to clock a 50-percent increase in medical equipment sales this year, said Yasuhiro Matsuda, general manager of Canon's healthcare business.

"Demand for healthcare equipment has been increasing in China," said the general manager. "We expect medical revenue to account for 10 percent of our total revenue in China in the next few years," he said.