Los Angeles, CA (PRWEB) December 01, 2011
For the Medical, Surgical and Veterinarian Instrument Manufacturing industry in China, increased domestic demand has been a key driver of revenue growth, according to IBISWorld, America’s largest publisher of industry research. Future increases in China’s disposable income levels and Chinese healthcare reforms will give more of the country’s population access to medical care, thus driving industry demand. Industry revenue is forecast to grow at an average annualized rate of 13.1% over the next five years, totaling $14.75 billion in 2016.
The general level of medical charges in China is often out-of-reach financially for many families, especially in rural areas. With healthcare system reforms and the development of the social security system, especially the implementation and promotion of the New Rural Cooperative Medical Care System in countryside areas, more rural citizens are able to afford higher medical and related expenditures, creating a greater potential domestic market for this industry.
The level of globalization (including international trade and foreign investment) for the industry is moderate. Domestic manufacturers are expected to expand at a faster rate than their foreign-funded counterparts. Many local firms have built their own brand names and established extensive and efficient sales networks across the country. These companies are also vigorously introducing advanced technologies, establishing joint ventures with foreign investment and exploring foreign markets.
Exports are expected to continue growing, with annual growth of 10% or more over the next three years. Meanwhile, some foreign-funded firms may abandon production facilities in China in search of other countries with even lower wage costs.
For more information, including profit, market shares and market segmentation, download IBISWorld’s report on Medical, Surgical and Veterinarian Instrument Manufacturing in China.
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The Medical, Surgical and Veterinarian Instruments Manufacturing industry in China involves companies that manufacture a wide range of medical instruments used for surgery in hospital emergency rooms, treatment rooms, doctors' offices and other medical facilities for operations, medical diagnosis, treatment and other purposes.
Medical, Surgical and Veterinarian Instrument Manufacturing in China Report Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.
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