The Medical Device Market: China

Publisher Name :
Date: 29-Jan-2014
No. of pages: 233

Overview

China ranks as the largest economic power of the Asia Pacific region with a projected GDP of US$9.1tn in 2013. In terms of GDP per capita, it is considerably lower at US$6,676 in 2013, owing to its large population. Moreover, the country is divided into a relatively wealthy eastern coastal belt – consisting of Tianjin, Shandong, Jiangsu, Shanghai, Zhejiang, Fujian and Guangdong provinces and much poorer, underdeveloped regions in the interior and the west. Although the government has undertaken massive development plans to address these imbalances, and new factories are gradually being built further inland, this will be a long drawn-out process in a country of China’s size.

The Chinese government has launched a health reform programme that aims to create a solid platform for universal healthcare access for all by 2020. Phase 1 of the programme committed CNY850bn (US $124bn) to develop the country’s healthcare system, whilst phase 2 proposes investment of CNY400bn (US$63.5bn) is to be invested in the healthcare system through to 2020.

The prospects for medical device spending is huge; the government has committed heavily to the construction of thousands of hospitals, healthcare centres, clinics and this will inevitably lead to spending on capital goods, most notably medical devices, equipment and furniture at an unprecedented rate in a relatively short space of time. In 2012, the central government alone invested CNY 24.3bn (US$3.9bn) to improve health service infrastructure.

The medical device market is estimated at just under US$17.1bn in 2013. This makes China the fourth largest market in the world and the second largest in Asia behind Japan. In per capita terms, however, the market is far from rich. Per capita spending in 2013 is estimated at US$12.6. For the 2013-18 period, Espicom estimates market growth will continue to average 20% per annum in local currency, equivalent to a US dollar CAGR of 18.7%, making China one of the fastest growing markets in the world. High rates of growth are not uncommon in the Asian region, but on the back of a huge market size, China’s growth is particularly pronounced.

Imports have grown very strongly during recent years, rising by 20.7% in 2012 to reach US$10,329.0mn.

All product categories posted strong growth during the period led by orthopaedic & prosthetic products.

The Medical Device Market: China

Table of Contents

Espicom Industry View   9
Espicom Industry View      9
SWOT    12
Medical Device Market     12
Political     14
Economic    15
Business Environment     16
Industry Forecast     17
Medical Device Market Forecast    17
Past Performance 2008-2013    17
Future Performance 2013-2018    18
Table: Projected Medical Device Market, 2013-2018     19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)   20
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)  24
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% of Total)     27
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn % Change)     30
Consumables Market Forecast    34
Table: Consumables Market, 2008-2018 (US$mn)  35
Table: Consumables Market, 2008-2018 (US$ Per Capita)    36
Table: Consumables Market, 2009-2018 (US$mn % Change)    37
Diagnostic Imaging Market Forecast     40
Electrodiagnostic Apparatus Sector   40
Radiation Apparatus Sector     41
Imaging Parts & Accessories Sector     42
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)     42
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)   44
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)     45
Dental Products Market Forecast   48
Table: Dental Products Market, 2008-2018 (US$mn)     48
Table: Dental Products Market, 2008-2018 (US$ Per Capita)  49
Table: Dental Products Market, 2009-2018 (US$mn % Change)     50
Orthopaedics & Prosthetics Market Forecast  52
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)   53
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)   54
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)      54
Patient Aids Market Forecast     56
Table: Patient Aids Market, 2008-2018 (US$mn)    57
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)   57
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)   58
Other Medical Devices Market Forecast    60
Table: Other Medical Devices Market, 2008-2018 (US$mn)   61
China Medical Devices Report Q1 2014
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)  62
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)   63
Annual Medical Device Imports     65
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)      69
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)  70
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)     71
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)      72
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)      74
Table: Leading Medical Device Suppliers By Product Area (US$000s)      77
Table: Leading Medical Device Suppliers By Product Area (% Distribution)      78
Table: Top 20 Medical Device Suppliers (US$000s)  79
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)  80
Table: Detailed Medical Device Import Trends By Product Area, 2012      83
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)  87
Monthly Medical Device Imports    90
Table: Monthly Medical Device Imports By Product Area, October 2010-September 2013 (US$mn)     90
Annual Medical Device Exports     92
Table: Medical Device Exports by Product Area, 2008-2012 (US$000s)   96
Table: Medical Device Exports by Product Area, 2008-2012 (US$000s, % Change)  97
Table: Medical Device Exports by Product Area, 2008-2012 (Local Currency 000s)  98
Table: Medical Device Exports by Product Area, 2008-2012 (Local Currency 000s, % Change)      99
Table: Medical Device Exports by Product Area, 2008-2012 (% Distribution)   100
Table: Leading Medical Device Destinations by Product Area (US$000s)      103
Table: Leading Medical Device Destinations by Product Area (% Distribution)      104
Table: Top 20 Medical Device Destinations (US$000s)   105
Table: Detailed Medical Device Exports by Product Area, 2008-2012 (US$000s)  106
Table: Detailed Medical Device Export Trends by Product Area, 2012   109
Table: Detailed Leading Medical Device Destinations by Product Area, 2013 (US$000s)     113
Table: Detailed Medical Device Balance of Trade, 2008-2012 (US$000s)      116
Monthly Medical Device Exports     119
Table: Monthly Medical Device Exports By Product Sector, October 2010-September 2013 (US$mn)  119
Macroeconomic Forecasts  122
Economic Analysis   122
Table: China - Economic Activity     127
Industry Risk Reward Ratings      128
Industry Risk Reward Ratings   128
Table: Espicom Analysis Of The Medical Device Market, 2013     128
Market Overview     130
Medical Device Market Overview     130
OVERVIEW     130
Table: Medical Device Market, Key Ratios, 2013  132
The Market In 2013     132
Table: Medical Device Market By Product Area, 2013   133
Healthcare Overview     133
Healthcare System      133
Health Insurance   139
Table: New Rural Co-operative Medical Scheme, 2004-2011  142
Medical Technology     143
Table: Provision of CT & MRI In Selected Chinese Provinces, 2009     144
Health Expenditure     144
Table: Summary of Key Data, 2008-2013  145
Industry Trends And Developments   148
Industry Trends & Developments     148
Table: Top Twenty Suppliers Of Chinese Medical Device Imports, 2008-2012 (US$000s)     148
Table: Leading Destinations For Chinese Medical Device Exports, 2008-2012 (US$000s)  150
Table: Medical Device Manufacturers Key Financials, Q1-3 2013 (CNYmn)   155
Table: Publicly Listed Chinese Medical Device Manufacturers     156
Regulatory Development  162
Medical Device Regulations     162
Regulatory Authorities      162
Regulatory Developments   165
Intellectual Property Rights    168
Local Manufacturing    168
Medical Device Pricing & Reimbursement   169
Competitive Landscape   172
Domestic Medical Device Production    172
Table: Medical Device Production, 2008-2012  172
Domestic Medical Device Manufacturing    173
National Medical Device Manufacturers     173
Table: Andon Health Key Financials, 2010-2012  174
Table: Biolight Meditech Key Financials, 2010-2012   175
Table: Edan Instruments Key Financials, 2010-2012   177
Table: Jiangsu Yuyue Medical Equipment Key Financials, 2010-2012      178
Table: Jiangsu Yuyue Medical Equipment Revenue By Product Area, 2011-2012  179
Table: Lepu Medical Group Key Financials, 2010-2012   181
Table: Mindray Key Financials, 2008-2012 (US$mn)     184
Table: Mindray Sales by Product Category 2012  185
Table: Shandong Weigao Group Medical Polymer Key Financials, 2010-2012   187
Table: Shandong Weigao Group Medical Polymer Revenue By Product Group,2010-2012  188
Table: Shandong Xinhua Medical Instrument Key Financials, 2010-2012      190
Table: Trauson Key Financials, 2009-2011  192
Table: Trauson Revenues by Product Category, 2010-2011   192
Table: Wandong Medical Equipment Key Financials, 2010-2012      194
Table: Zhuhai Hokai Key Financials, 2010-2012  195
Table: Zhuhai Hokai Revenue By Product, 2011-2012     195
Table: Leading Local Manufacturers By Category    196
Multinational Medical Device Manufacturers  199
Table: GE Healthcare's Principal Manufacturing Facilities In China     207
Multinational Market Activity   222
Table: Multinational Market Activity, 2013  222
Medical Device Market Access     225
China Medical Devices Report Q1 2014
Distribution     225
Methodology     226
Table: Used HS Trade Codes, 2013     227
Table: Rearranged HS Trade Codes, 2013    229

  • Water Treatment Chemicals Market to be driven by Increasing Demand from Developing Economies
    The global market for water treatment chemicals is growing at a steady pace with rapid urbanization and high demand from end-users. Water treatment chemicals are used for treating municipal water as well as agricultural wastewater. With higher demand for clean, drinking water with increasing population and increase in the number of industries, the global market [...]
  • Rise in Prevalence of Allergic Diseases Driving the Global Allergy Diagnostics Market
    With rise in the incidences of allergic diseases in the world, the global allergy diagnostics market has also witnessed steady growth. In recent years, there has been an increase in the number of people suffering from different allergies, particularly food allergies and drug allergies. The number of people suffering from asthma has also increased in [...]
  • Global Video Surveillance Market Driven by Increasing Demand for Security
    The global market for video surveillance has been witnessing steady growth with increase in demand for advanced surveillance systems by different law enforcement agencies. Increase in adoption of video surveillance by different sectors such as banking and finance, healthcare, transportation, and retail is one of the major drivers in the market. In 2013, the global [...]
  • Global Empty Capsules Market Driven by Growth in Pharmaceutical Industry
    With rapid growth in the pharmaceutical industry, the market for empty capsules has also grown at a steady pace. Some of the factors which are driving the growth of the empty capsules market are rise in aging population which is increasing the demand for capsule based drugs, technological advancement and increase in demand from the [...]
  • Global Aramid Fiber Industry to Witness High Growth in the Future
    With increasing use of aramid fibers in various industries, the global market for aramid fibers has grown significantly in recent years. Aramid fibers have a number of properties such as low density, heat resistance, high tensile strength, abrasion resistance, chemical resistance and impact resistance.  Asia-Pacific is the largest market for aramid fibers, followed by North [...]
  • Graft-Versus-Host Disease (GVHD) Treatment Market worth $407 million by 2018
  • The graft-versus-host disease (GVHD) treatment market value will increase from $297 million in 2013 to $407 million by 2018, at a Compound Annual Growth Rate (CAGR) of 6.59%, according to research and consulting firm GlobalData. The company’s latest report* states …

  • Poland Pharmaceutical Industry Growing at 8.3% CAGR to 2020
  • Factors such as the growing elderly population, increasing availability of affordable medicines, and transparent regulatory guidelines will provide the necessary impetus for the growth of the Polish pharmaceutical market, but a decrease in mark-up prices and the country’s stringent drug …

  • Asia-Pacific, Led by China, Drive the Global Methanol Industry
  • China is driving the global methanol industry, with tremendous demand from both its energy and petrochemicals sectors. It accounts for 87.9% of Asia-Pacific’s (APAC) methanol capacity, and 51.9% of the global methanol capacity. Despite a large planned capacity increase in …

  • Diagnostic X-ray Imaging Market worth $4.0 billion by 2020
  • GlobalData estimates that the global diagnostic X-ray imaging market, worth $2.4 billion in 2012, will reach almost $4.0 billion by 2020, increasing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Many players are active in …

  • Graft-Versus-Host Disease Market Forecast to 2023
  • Graft-versus-host disease (GVHD) is a common complication of allogeneic hematopoietic stem cell transplantation (HSCT) that occurs when the donated (graft) cells are rejected and attack the host’s cells as foreign. GVHD can progress from mild to severe forms as either …

  • Global Healthcare Cold Chain Logistics Market 2015-2019
    Published: 17-Dec-2014        Price: US $2500 Onwards        Pages: 63
    Healthcare cold chain logistics involves the transportation and distribution of pharmaceutical products that are temperature-sensitive. It helps the Healthcare industry increase the shelf life of various medicines and ensure uninterrupted supply of medicines, equipment, and devices from suppliers and distributors to different locations. TechNavio's analysts forecast the Global Healthcare Cold Chain Logistics market to grow at a CAGR of 13.31 percent over the period 2014-2019. Covered in th......
  • Global Regenerative Medicine Market 2015-2019
    Published: 17-Dec-2014        Price: US $2500 Onwards        Pages: 98
    Regenerative medicine deals with the process of using therapeutically induced or laboratory-grown human tissue to treat injured or diseased human cells, tissues, or organs. It focuses on repairing, replacing, or regenerating damaged cells, and thus offers a paradigm shift in healthcare treatment. The three main technologies used in regenerative medicine are small molecules and biologics, cell therapy, and gene therapy. Small molecules and biologics help in the regeneration of diseased cells and ......
  • Global Male Infertility Market 2015-2019
    Published: 17-Dec-2014        Price: US $2500 Onwards        Pages: 71
    Infertility is a widespread problem. In male infertility, the male fails to impregnate his female partner after a year of unprotected sex. Male infertility is due to a couple of factors including: Low sperm production Abnormal sperm function or Blockages that prevent the delivery of sperm. Hormonal disturbances to physical problems, or psychological problems can cause male infertility. In most cases, there are no obvious sign or symptoms of an infertility problem. 20 percent of the to......
  • Global Cystic Fibrosis Market 2015-2019
    Published: 17-Dec-2014        Price: US $3000 Onwards        Pages: 125
    Cystic fibrosis also known as mucoviscidosis is a genetically-inherited disease. It is one of the most common genetic disorders found in the Caucasian children. The incidence of cystic fibrosis varies among populations, and is substantially less common in Asian and African populations as compared to the people of Caucasoid origin of Europe and North America, with a marked difference within each country. Cystic fibrosis is a chronic disease. The production of a high-salt containing sweat and s......
  • Global Cosmeceuticals Market 2015-2019
    Published: 17-Dec-2014        Price: US $2500 Onwards        Pages: 60
    Cosmeceuticals are cosmetic products that have medicinal benefits. These products can be purchased over the counter without a doctor's prescription. Cosmeceuticals are discovered as a result of convergence between personal care and pharmaceutical products. TechNavio's analysts forecast the Global Cosmeceuticals market to grow at a CAGR of 8.62 percent over the period 2014-2019. Covered in this Report The Global Cosmeceuticals market can be segmented into six divisions: Skin Care, Hair C......
  • Global LBS Market in Healthcare Industry 2015-2019
    Published: 17-Dec-2014        Price: US $2500 Onwards        Pages: 95
    LBS is an information service that uses real-time geographical data from a location-enabled device to provide security services, and information. LBS applications are predominantly used in hospitals to improve efficiency and reduce expenditure. It works on Wi-Fi and RTLS technology in indoor location. LBS is used in hospitals for indoor navigation, tracking staff and patients, location-based messaging, asset management, location analytics, and in integrating with other clinical systems. TechN......
  • Nurse Call System Market in the US 2015-2019
    Published: 17-Dec-2014        Price: US $2500 Onwards        Pages: 70
    Nurse Call System is a communication solution used in healthcare facilities, which enables patients to alert caregivers in case of any routine need or emergency assistance. It serves as the core component of healthcare communication platform and is an innovative, reliable service that alerts the nursing staff through visual and audio signals. It provides the location of the patient in need and indicates the urgency of the call, regardless of the patient's location in the hospital or care center.......
  • Global Rehabilitation Robotics Market 2015-2019
    Published: 17-Dec-2014        Price: US $2500 Onwards        Pages: 50
    Rehabilitation robots play an important role in improving a patient's functional recovery. Stroke is a global problem, and it is the main cause of disability in most western countries. Rehabilitation robots are used as therapy aids and the potential benefit of robotic therapy is that it can treat a larger number of patients under the supervision of a single therapist. In other words, rehabilitation robots work as a therapeutic tool for optimizing and maximizing clinical effectiveness of a therap......
  • MediPoint: Nuclear Imaging- PET and SPECT Equipment – Global Analysis and Market Forecasts
    Published: 16-Dec-2014        Price: US $6495 Onwards        Pages: 320
    This report examines how new technologies can emerge in the face of economic pressures that may affect the demand for nuclear imaging, and how healthcare reforms are impacting nuclear medicine. The advent of hybrid imaging has enabled PET/CT imaging to undergo explosive growth. However, this has been at the cost of an increased demand on struggling healthcare budgets. PET and SPECT imaging are well established techniques within nuclear imaging, and are the main focus of this report PET ......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs