The Medical Device Manufacturing industry in China is expected to have generated revenue of $7.07 billion in 2011, up 27.4% from 2010
Los Angeles, CA (PRWEB) December 24, 2011
Increasing demand for products from China’s Medical Device Manufacturing industry will drive revenue growth, which is expected to average 11.7% per year over the next five years, to reach US$12.27 billion in 2016. Revenue will also be influenced by government policies in the health system, fluctuations in exchange rates, the degree of import competition, the export performance of major players and overall economic growth, according to IBISWorld, America’s largest publisher of industry research.
The Medical Device Manufacturing industry is expected to have generated revenue of $7.07 billion in 2011, up 27.4% from 2010. Production output and industry revenue growth has been stimulated by an increase in domestic demand and healthcare reforms.
The level of technology used by the large industry players has improved, driving growth in exports and domestic demand. Other key drivers for market growth include the increasing purchasing power of hospitals; improvements in living standards and therefore increased demand for medical diagnoses; technology upgrades in hospitals; requirements for higher quality products; and the development of the western regions.
Foreign companies are well established in this industry, with three foreign firms in the top five major players. These companies are forecast to account for over 40% of industry revenue in 2011. The industry is about to enter the mature phase of its development and the competitive landscape in most sub-markets has been well developed.
Over the next five years, industry revenue is expected to increase by an annualized 11.7%, to $12.27 billion in 2016. Development of this industry will be driven by steady increases in domestic demand and exports, but a slower increase in imports.
For more information, including profit levels, market shares, product segmentation and more, download IBISWorld’s report on the Medical Device Manufacturing industry in China.
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Medical Device Manufacturing in China – Key Report 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.