China Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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China Medical Devices Report
Product Price
$1,295.00

BMI View: While the market will still offer major potential, the high growth rates of the past decade are looking increasingly unsustainable, as economic growth slows and pricing pressures increase . Even so, the market will remain one of the most attractive in the Asia-Pacific region. The medical device industry will benefit from key elements of China's 13th Five-Year Plan (2016-2020), notably the emphasis placed on the strategic importance of innovation as a fundamental driver of future development. Other strategic priorities, such as the programme to create a "Healthy China" and the drive to increase urbanisation through the establishment of a series of smart city clusters, will also support market growth.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 17,207.0 12.6 106,020.8 77.4 6.2
2015 17,773.6 12.9 115,844.0 84.2 6.5
2016 18,787.3 13.6 128,974.6 93.3 6.9
2017 20,521.0 14.8 141,595.2 102.0 6.9
2018 22,484.7 16.1 155,144.7 111.3 6.9
2019 24,603.9 17.6 169,766.6 121.4 6.9

Latest Updates And Key Forecasts

  • We forecast that the market will register a 2014-2019 CAGR of 7.4% in US dollar terms, which will take the value from USD17.2bn to USD24.6bn. The market will see mid single digit growth in 2016 and high single-digit growth from 2016. The more moderate growth rate reflects slower economic growth, a more mature market in certain sectors and currency depreciation during the early part of the forecast period

  • We anticipate that imports will remain subdued in 2016 as a weakening economy and currency depreciation weigh on performance. In 2015, imports grew by 2.3% to USD12.8bn. The weak performance was largely due to a downturn in the diagnostic imaging product area.

  • We anticipate export growth will strengthen in 2016 boosted by further currency depreciation. Exports grew by 5.3% to USD14.3bn in 2015. The figures for 2015 confirm a further decline in export performance, which has remained in single-digit figures over the past three years.

  • Market access for many Class III and Class II medical devices will improve if new proposals by the China Food and Drug Administration to exempt over 350 devices with properties similar to those already on the market from clinical trial requirements are approved.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
14
Consumables Market Forecast
19
Latest Updates
19
Structural Trends
19
Bandages & Dressings
19
Suturing Materials
20
Syringes, needles & catheters
20
Other Consumables
20
Table: Consumables Market, 2009-2019 (USDmn)
21
Table: Consumables Market, 2010-2019 (USDmn % Change)
22
Diagnostic Imaging Market Forecast
24
Latest Updates
24
Structural Trends
24
Electrodiagnostic Apparatus Sector
25
Radiation Apparatus Sector
25
Imaging Parts & Accessories Sector
26
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
28
Dental Products Market Forecast
30
Latest Updates
30
Structural Trends
30
Capital Equipment
30
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Latest Updates
34
Structural Trends
34
Fixation Devices
34
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
36
Patient Aids Market Forecast
38
Latest Updates
38
Structural Trends
38
Portable Aids
38
Therapeutic Appliances
39
Table: Patient Aids Market, 2009-2019 (USDmn)
39
Table: Patient Aids Market, 2010-2019 (USDmn, % Change)
40
Other Medical Devices Market Forecast
42
Latest Updates
42
Structural Trends
42
Table: Other Medical Devices Market, 2009-2019 (USDmn)
43
Table: Other Medical Devices Market, 2010-2019 (USDmn, % Change)
44
Annual Medical Device Imports
46
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
50
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
51
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
53
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
54
Table: Detailed Medical Device Import Trends By Product Area, 2014
57
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
61
Monthly Medical Device Imports
65
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
65
Annual Medical Device Exports
66
Table: Medical Device Exports by Product Area, 2010-2014 (USD000s)
70
Table: Medical Device Exports by Product Area, 2010-2014 (Local Currency 000s)
71
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
73
Table: Detailed Medical Device Exports by Product Area, 2010-2014 (USD000s)
74
Table: Detailed Medical Device Export Trends by Product Area, 2014
77
Table: Detailed Leading Medical Device Destinations by Product Area, 2014 (USD000s)
80
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
83
Monthly Medical Device Exports
87
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
87
Industry Risk/Reward Index
88
Table: APAC Medical Device Risk/Reward Index, Q316
89
Market Overview
90
Medical Device Market Overview
90
Table: Medical Device Market, Key Ratios, 2015
91
Table: Medical Device Market By Product Area, 2015
91
Healthcare Overview
92
Health Status
92
Healthcare System
93
Healthcare Funding
97
Healthcare Resources
98
Table: Medical Facilities By Type, September 2011-September 2014
99
Table: Hospitals By Type, 2008-2012
100
Table: Beds In Medical Facilities, 2009-2013 (000)
100
Table: CT & MRI Provision In Selected Provinces, 2009
103
Healthcare Activity
103
Table: Patient Activity By Sector, 9M12-9M14 (mn)
104
Healthcare Personnel
104
Key Healthcare Data
105
Table: Key Healthcare Data, 2010-2015
105
Industry Trends And Developments
107
Industry Trends & Developments
107
Table: Leading Import Suppliers, 2010-2015 (USDmn)
108
Table: Leading Export Destinations, 2010-2015 (USDmn)
109
Table: Medical Device Manufacturers, Key Financials, 2015 (CNYmn)
112
Table: Kinetic Medical, Revenues By Product Area, 2014-2015, CNYmn
113
13th Five-Year Plan: Strategic Priorities Will Benefit Medical Device Industry
116
Regulatory Development
120
Medical Device Regulations
120
Competent Authorities
120
Regulations
121
Registrations
124
Table: Classification Of Contact Active Devices
126
Market Vigilance
129
Regulatory Developments
130
Intellectual Property Rights
131
Medical Device Pricing & Reimbursement
132
Pricing & Reimbursement
132
Procurement
133
Competitive Landscape
136
Domestic Medical Device Production
136
Table: Medical Device Production, 2008-2012
136
Domestic Medical Device Manufacturing
137
Table: Publicly Listed Chinese Medical Device Manufacturers
137
National Medical Device Manufacturers
140
Andon Health
140
Table: Andon Health Key Financials, 2011-2015 (CNY000s)
140
Biolight Meditech
141
Table: Biolight Meditech Key Financials, 2011-2015 (CNY000s)
141
David Medical
142
Table: David Medical Key Financials, 2011-2015 (CNY000s)
143
Edan Instruments
143
Table: Edan Instruments Key Financials, 2011-2015 (CNY000s)
144
Jiangsu Yuyue
145
Table: Yuyue Medical Equipment Key Financials, 2011-2015 (CNY000s)
145
Kinetic Medical
145
Lepu Medical
146
Table: Lepu Medical Group Key Financials, 2011-2015 (CNY000s)
147
LifeTech
148
Table: Lifetech Key Financials, 2011-2015 (CNY000s)
148
Mindray
149
Table: Mindray Key Financials, 2010-2014 (USD000s)
150
Neusoft Medical
151
PW Medtech
152
Wandong Medical Equipment
153
Table: Wandong Medical Equipment Key Financials, 2011-2015 (CNY000s)
153
Weigao
154
Table: Shandong Weigao Group Medical Polymer Key Financials, 2011-2015 (CNY000s)
155
Xinhua Medical Instrument
156
Table: Shandong Xinhua Medical Instrument Key Financials, 2011-2015 (CNY000s)
157
Yuyue Medical
158
Table: Yuyue Medical Equipment Key Financials, 2011-2015 (CNY000s)
159
Zhuhai Hokai
160
Table: Zhuhai Hokai Key Financials, 2011-2015 (CNY000s)
160
Table: Leading Local Manufacturers By Category
162
Multinational Medical Device Manufacturers
165
Agfa Healthcare
165
Alfresa Pharma
165
Analogic
166
Asahi Kasei
166
B
166
Baxter
167
Becton Dickinson
168
Boston Scientific
169
Bracco Imaging
170
Coloplast
170
Draeger
170
Elekta
171
Fresenius Medical Care
172
GE Healthcare
172
Getinge
174
Hitachi Health Care
174
Hologic
175
Intersurgical
175
LivaNova
176
Johnson & Johnson
176
Medtronic
177
Nihon Kohden
179
Omron
179
Philips Healthcare
179
Shimadzu
181
Siemens
181
Smith & Nephew
183
Smiths Medical
183
Stryker
184
Terumo
184
Toshiba Medical Systems
185
Varian
186
Zimmer Biomet
186
Medical Device Market Access
188
Distribution
188
Trade Associations
189
Trade Fairs
189
Methodology
190
Forecast Methodology
190
Trade Code Classifications
191
Table: Rearranged HS Trade Codes
192
Risk/Reward Index Methodology
195
Table: Medical Devices Risk/Reward Index Indicators
196
Sources
198
Contact
199

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.