The ongoing trade war between the United States and China affects everything from tooling and mold-building to commodity medical devices when medtech is concerned, according to Mark Bonifacio of Bonifacio Consulting Services. 

Bonifacio, though, thinks China is too big for medical device companies to ignore: Even if the labor costs savings aren't as attractive, there is simply too much potential for the country's domestic medical device market to grow as an expanding middle class seeks better healthcare. 

Listen to Bonifacio describe the pros and cons when it comes to medical device companies doing business in China in the present environment.