London (PRWEB) November 25, 2013 -- OVERVIEW OF THE MEDICAL MARKET IN CHINA
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$10,329.0mn.
All product categories posted strong growth during the period led by orthopaedic & prosthetic products.
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Espicom Industry View 7
Espicom Industry View 7
SWOT 9
Medical Device Market 9
Political 10
Economic 11
Business Environment 13
Industry Forecast 14
Medical Device Market Forecast 14
Past Performance 2008-2013 14
Future Performance 2013-2018 15
Table: Projected Medical Device Market, 2013-2018 16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn) 17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita) 21
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% of Total) 24
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn % Change) 27
Consumables Market Forecast 31
Table: Consumables Market, 2008-2018 (US$mn) 32
Table: Consumables Market, 2008-2018 (US$ Per Capita) 33
Table: Consumables Market, 2009-2018 (US$mn % Change) 34
Diagnostic Imaging Market Forecast 37
Electrodiagnostic Apparatus Sector 37
Radiation Apparatus Sector 38
Imaging Parts & Accessories Sector 38
Table: Diagnostic Imaging Market, 2008-2018 (US$mn) 39
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita) 40
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change) 41
Dental Products Market Forecast 44
Table: Dental Products Market, 2008-2018 (US$mn) 44
Table: Dental Products Market, 2008-2018 (US$ Per Capita) 45
Table: Dental Products Market, 2009-2018 (US$mn % Change) 46
Orthopaedics & Prosthetics Market Forecast 48
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn) 49
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita) 50
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change) 50
Patient Aids Market Forecast 52
Table: Patient Aids Market, 2008-2018 (US$mn) 53
Table: Patient Aids Market, 2008-2018 (US$ Per Capita) 53
Table: Patient Aids Market, 2009-2018 (US$mn, % Change) 54
Other Medical Devices Market Forecast 56
Table: Other Medical Devices Market, 2008-2018 (US$mn) 57
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita) 58
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change) 59
Annual Medical Device Imports 61
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s) 65
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change) 66
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s) 67
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change) 68
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution) 70
Table: Leading Medical Device Suppliers By Product Area (US$000s) 73
Table: Leading Medical Device Suppliers By Product Area (% Distribution) 74
Table: Top 20 Medical Device Suppliers (US$000s) 75
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s) 76
Table: Detailed Medical Device Import Trends By Product Area, 2012 79
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s) 83
Monthly Medical Device Imports 86
Table: Monthly Medical Device Imports By Product Area, July 2010-June 2013 (US$mn) 86
Annual Medical Device Exports 88
Table: Medical Device Exports by Product Area, 2008-2012 (US$000s) 92
Table: Medical Device Exports by Product Area, 2008-2012 (US$000s, % Change) 93
Table: Medical Device Exports by Product Area, 2008-2012 (Local Currency 000s) 94
Table: Medical Device Exports by Product Area, 2008-2012 (Local Currency 000s, % Change) 95
Table: Medical Device Exports by Product Area, 2008-2012 (% Distribution) 96
Table: Leading Medical Device Destinations by Product Area (US$000s) 99
Table: Leading Medical Device Destinations by Product Area (% Distribution) 100
Table: Top 20 Medical Device Destinations (US$000s) 101
Table: Detailed Medical Device Exports by Product Area, 2008-2012 (US$000s) 102
Table: Detailed Medical Device Export Trends by Product Area, 2012 105
Table: Detailed Leading Medical Device Destinations by Product Area, 2013 (US$000s) 109
Table: Detailed Medical Device Balance of Trade, 2008-2012 (US$000s) 112
Monthly Medical Device Exports 115
Table: Monthly Medical Device Exports By Product Sector, July 2010-June 2013 (US$mn) 115
Macroeconomic Forecasts 118
Table: China - Economic Activity 123
Industry Risk Reward Ratings 124
Industry Risk Reward Ratings 124
Table: Espicom Analysis Of The Medical Device Market, 2013 124
Market Overview 126
Medical Device Market Overview 126
OVERVIEW 126
Table: Medical Device Market, Key Ratios, 2013 128
The Market In 2013 128
Table: Medical Device Market By Product Area, 2013 129
Healthcare Overview 129
Healthcare System 129
Health Insurance 133
Table: New Rural Co-operative Medical Scheme, 2004-2011 135
Health Expenditure 136
Table: Summary of Key Data, 2008-2013 137
Industry Trends And Developments 140
Industry Trends & Developments 140
Table: Top Twenty Suppliers Of Chinese Medical Device Imports, 2008-2012 (US$000s) 140
Table: Leading Destinations For Chinese Medical Device Exports, 2008-2012 (US$000s) 142
Regulatory Development 156
Medical Device Regulations 156
Regulatory Authorities 156
Regulatory Developments 158
Intellectual Property Rights 160
Local Manufacturing 161
Ministry of Health Regulations 161
Competitive Landscape 163
Domestic Medical Device Production 163
Domestic Medical Device Manufacturing 163
National Medical Device Manufacturers 164
Table: Andon Health Revenue And Profit, 2010-2012 164
Table: Guangdong Biolight Meditech Revenue And Profit, 2010-2012 166
Table: Edan Instruments Revenue And Profit, 2010-2012 167
Table: Jiangsue Yuyue Medical Equipment Revenue And Profit, 2010-2012 168
Table: Jiangsue Yuyue Medical Equipment Revenue By Product Area, 2011-2012 169
Table: Lepu Medical Group Revenue And Profit, 2010-2012 170
Table: Mindray Revenue and Income, 2008-2012 (US$mn) 173
Table: Mindray Sales by Product Category 2012 174
Table: Shandong Weigao Group Medical Polymer Revenue And Profit, 2010-2012 176
Table: Shandong Weigao Group Medical Polymer Revenue By Product Group,2010-2012 177
Table: Shandong Xinhua Medical Instrument Revenue And Profit, 2010-2012 179
Table: Trauson Revenue And Profit, 2009-2011 180
Table: Trauson Revenues by Product Category, 2010-2011 181
Table: Wandong Medical Equipment Revenue And Profit, 2010-2012 182
Table: Zhuhai Hokai Revenue And Profit, 2010-2012 183
Table: Zhuhai Hokai Revenue By Product, 2011-2012 184
Table: Leading Local Manufacturers By Category 184
Multinational Medical Device Manufacturers 187
Table: GE Healthcare's Principal Manufacturing Facilities In China 194
Multinational Market Activity 208
Table: Multinational Market Activity 208
Medical Device Market Access 211
Distribution 211
Methodology 212
Table: Used HS Trade Codes, 2013 213
Table: Rearranged HS Trade Codes, 2013 215
Read the full report:
The Medical Device Market: China
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: http://www.reportbuyer.com/
Sarah Smith, Research Advisor at Reportbuyer.com, +44 208 816 85 48, [email protected]
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