China Medical Devices Report

Published 07 May 2015

  • 261 pages
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$1,295.00
China Medical Devices Report

BMI Industry View: Despite a slowdown in some sectors , China remains one of the fastest growing medic al device markets in the world, which on the back of its vast market size , offers huge potential to medical device companies . However, the market environment is undergoing rapid change with a raft of new regulatory measures, which coupled with government incentives to develop local manufacturing and boost consumption of locally-produced products , threaten to alter the risk- benefit profile of the Chinese medical device market. On the upside, market fundamentals remain strong and have been boosted by a renewed commitment to allow a substantial injection of private capital into the healthcare sector.

Headline Industry Forecasts

  • We value the medical device market at USD16.1bn in 2013, making China the fourth largest market in the world and the second largest in Asia behind Japan. In per capita terms, the market is far from rich at USD11.6 in 2013. For the 2013-2018 period, we have lowered our market growth projection to 15.7% per annum in local currency, equivalent to a US dollar CAGR of 15.3%.

  • Medical device imports supply the greater part of the market, although their market share has started to fall in many product areas in the face of rising domestic production. The running annual total reached USD12.5bn in the 12 months to December 2014, representing y-o-y growth of 6.9%. This was substantially lower than the 13.4% rise achieved in 2013, or the 2008-2013 CAGR of 21.8%. We anticipate that overall import performance will remain relatively subdued in 2015. Product areas such as orthopaedics & prosthetics will continue to see sustained growth, but these gains will be offset by weaker demand in other product areas, particularly dental products, patient aids and diagnostic imaging.

  • Medical device exports have lost momentum over the last two years having seen growth rates in excess of 20% between 2008 and 2012. The running annual total...

Table of Contents

BMI Industry View
9
SWOT
13
Medical Device Market
13
Political
15
Economy
16
Operational Risk
17
Industry Forecast
19
Medical Device Market Forecast
19
2008-2013 Performance
19
2013-2018 Performance
21
Table: Projected Medical Device Market, 2013-2018
22
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
23
Consumables Market Forecast
27
Bandages & Dressings
27
Suturing Materials
27
Syringes, needles & catheters
27
Other Consumables
28
Table: Consumables Market, 2008-2018 (USDmn)
28
Table: Consumables Market, 2009-2018 (USDmn % Change)
29
Diagnostic Imaging Market Forecast
31
Electrodiagnostic Apparatus Sector
31
Radiation Apparatus Sector
32
Imaging Parts & Accessories Sector
33
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
33
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
35
Dental Products Market Forecast
37
Capital Equipment
37
Instruments & Supplies
37
Table: Dental Products Market, 2008-2018 (USDmn)
38
Table: Dental Products Market, 2009-2018 (USDmn % Change)
38
Orthopaedics & Prosthetics Market Forecast
40
Fixation Devices
40
Artificial Joints
40
Other Artificial Body Parts
41
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
41
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn, % Change)
41
Patient Aids Market Forecast
42
Portable Aids
42
Therapeutic Appliances
43
Table: Patient Aids Market, 2008-2018 (USDmn)
43
Table: Patient Aids Market, 2009-2018 (USDmn, % Change)
44
Other Medical Devices Market Forecast
45
Table: Other Medical Devices Market, 2008-2018 (USDmn)
46
Table: Other Medical Devices Market, 2009-2018 (USDmn, % Change)
47
Annual Medical Device Imports
48
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
52
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change)
53
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
54
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
55
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
58
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
59
Table: Detailed Medical Device Import Trends By Product Area, 2013
62
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
66
Monthly Medical Device Imports
69
Table: Monthly Medical Device Imports By Product Area, January 2012-December 2014 (USDmn)
70
Annual Medical Device Exports
71
Table: Medical Device Exports by Product Area, 2009-2013 (USD000s)
75
Table: Medical Device Exports by Product Area, 2009-2013 (USD000s, % Change)
76
Table: Medical Device Exports by Product Area, 2009-2013 (Local Currency 000s)
77
Table: Medical Device Exports by Product Area, 2009-2013 (Local Currency 000s, % Change)
78
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
80
Table: Detailed Medical Device Exports by Product Area, 2009-2013 (USD000s)
81
Table: Detailed Medical Device Export Trends by Product Area, 2013
84
Table: Detailed Leading Medical Device Destinations by Product Area, 2013 (USD000s)
87
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
90
Monthly Medical Device Exports
93
Table: Monthly Medical Device Exports By Product Area, January 2012 - December 2014 (USDmn)
94
Macroeconomic Forecasts
96
Economic Activity
96
Industry Risk/Reward Index
101
Table: APAC Medical Device Risk/Reward Index, Q315
102
Market Overview
103
Medical Device Market Overview
103
Table: Medical Device Market, Key Ratios, 2013
106
Table: Medical Device Market By Product Area, 2013
106
Healthcare Overview
107
Health Status
107
Healthcare System
107
Private Healthcare Providers
117
Healthcare Funding
119
Table: New Rural Co-operative Medical Scheme, 2005-2013
122
Healthcare Resources
124
Table: Medical Facilities By Type, September 2011-September 2014
124
Table: Hospitals By Type, 2008-2012
126
Table: Beds In Medical Facilities, 2009-2013 (000)
126
Table: CT & MRI Provision In Selected Chinese Provinces, 2009
128
Healthcare Activity
128
Table: Patient Activity By Sector, 9M12-9M14 (mn)
129
Table: Bed Occupancy, Average Stay, 9M13-9M14
129
Healthcare Personnel
130
Key Healthcare Data
130
Table: Summary of Key Healthcare Data, 2009-2014
130
Industry Trends And Developments
133
Industry Trends & Developments
133
Table: Chinese Medical Device Imports, Top 25 Suppliers, 2009-2014 (USDmn)
134
Table: Chinese Medical Device Imports, Top 25 Destinations, 2009-2014 (USDmn)
135
Table: Diagnostic Imaging Trade Balance, 2009-2014 (USD000s)
150
Table: Medical Device Manufacturers Key Financials, 2014 (CNYmn)
154
Table: Dialysis Apparatus Trade, 2009-2014 (USD000s)
158
Regulatory Development
162
Medical Device Regulations
162
Competent Authorities
162
Regulations
163
Registrations
166
Table: Classification of Contact Active Devices
168
Market Vigilance
171
Regulatory Developments
172
Intellectual Property Rights
173
Medical Device Pricing & Reimbursement
174
Competitive Landscape
178
Domestic Medical Device Production
178
Table: Medical Device Production, 2008-2012
178
Domestic Medical Device Manufacturing
179
Table: Publicly Listed Chinese Medical Device Manufacturers
179
National Medical Device Manufacturers
180
Table: Andon Health Key Financials, 2010-2014
181
Table: Andon Health Revenues By Product Area, 2010-2013 (CNY000s)
182
Table: Andon Health Revenues By Sector And Product Area, 2014 (CNY000s)
182
Table: Biolight Meditech Key Financials, 2010-2014
184
Table: Biolight Meditech Revenues By Product Area, 2011-2014 (CNY000s)
185
Table: David Medical Key Financials, 2011-2014
186
Table: David Medical Revenues By Product Area, 2012-2014 (CNY000s)
186
Table: Edan Instruments Key Financials, 2010-2014
188
Table: Edan Instruments Revenues By Product Area, 2010-2014
188
Table: Jiangsu Yuyue Medical Equipment Key Financials, 2010-2014
191
Table: Jiangsu Yuyue Medical Equipment Revenue By Product Area, 2011-2014 (CNY000s)
191
Table: Lepu Medical Group Key Financials, 2011-2014
195
Table: Lepu Medical Revenues By Product Area, 2013-2014 (CNY000s)
195
Table: Lifetech Key Financials, 2010-2014
198
Table: Lifetech Revenues By Product Area, 2011-2014 (CNY000s)
198
Table: Mindray Key Financials, 2010-2014 (USD000s)
202
Table: Mindray Sales by Product Area, 2010-2014 (USD000s)
203
Table: Shandong Weigao Group Medical Polymer Key Financials, 2010-2014
207
Table: Shandong Weigao Group Medical Polymer Revenue By Product Group, 2010-2014 (CNY000s)
207
Table: Shandong Xinhua Medical Instrument Key Financials, 2010-2014
211
Table: Shandong Xinhua Medical Instrument Revenues By Product Area, 2010-2014
211
Table: Wandong Medical Equipment Key Financials, 2010-2014
213
Table: Zhuhai Hokai Key Financials, 2010-2014
215
Table: Zhuhai Hokai Revenue By Product, 2011-2014 (CNY000s)
215
Table: Leading Local Manufacturers By Category
216
Multinational Medical Device Manufacturers
219
Table: GE Healthcare's Principal Manufacturing Facilities In China
227
Multinational Market Activity
244
Table: Multinational Market Activity, 2015
244
Medical Device Market Access
248
Distribution
248
Trade Associations
249
Trade Fairs
250
Methodology
251
Forecast Methodology
251
Trade Code Classifications
252
Table: Used HS Trade Codes
252
Table: Rearranged HS Trade Codes
254
Risk/Reward Index Methodology
257
Table: Medical Devices Risk/Reward Index Indicators
258
Sources
260
Contact
261

The China Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in China provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the China Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for China, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in China.
  • Target Business Opportunities in the China Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in China.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc