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. We believe that multinationals with well established manufacturing and R&D operations in the country will be best placed to take advantage of future opportunities.

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 2015 as a weakening economy and the recent currency devaluation weigh on performance. In 2014, imports grew by 6.9% in US dollar terms, the weakest performance since 2006 and they have continued to underperform during H115 with a rise of just 3.2%. The weak performance is largely due to a downturn in the diagnostic imaging product area.

  • We anticipate medical device export growth will remain in single-digit figures in 2015 following a particularly weak performance in the middle of the year, although the recent devaluation of the Chinese currency should help to bolster export performance going forward. Exports grew by 8.7% in H115, which was broadly in line with growth in 2013 and 2014.

  • Despite an increase in government subsidies, the ongoing public hospital reform programme will leave hospitals underfunded in 2016, forcing hospitals to operate more efficiently, which will further increase pricing pressures in the medical device market.

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
2014-2019 Performance
19
Table: Projected Medical Device Market, 2014-2019
20
2009-2014 Performance
21
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
22
Consumables Market Forecast
27
Bandages & Dressings
27
Suturing Materials
27
Syringes, needles & catheters
28
Other Consumables
28
Table: Consumables Market, 2009-2019 (USDmn)
29
Table: Consumables Market, 2010-2019 (USDmn % Change)
30
Diagnostic Imaging Market Forecast
32
Electrodiagnostic Apparatus Sector
32
Radiation Apparatus Sector
33
Imaging Parts & Accessories Sector
34
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
34
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
36
Dental Products Market Forecast
38
Capital Equipment
38
Instruments & Supplies
38
Table: Dental Products Market, 2009-2019 (USDmn)
40
Table: Dental Products Market, 2010-2019 (USDmn % Change)
40
Orthopaedics & Prosthetics Market Forecast
42
Fixation Devices
42
Artificial Joints
42
Other Artificial Body Parts
43
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
43
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn, % Change)
43
Patient Aids Market Forecast
45
Portable Aids
45
Therapeutic Appliances
45
Table: Patient Aids Market, 2009-2019 (USDmn)
46
Table: Patient Aids Market, 2010-2019 (USDmn, % Change)
46
Other Medical Devices Market Forecast
48
Table: Other Medical Devices Market, 2009-2019 (USDmn)
49
Table: Other Medical Devices Market, 2010-2019 (USDmn, % Change)
50
Annual Medical Device Imports
52
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
56
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s, % Change)
57
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
58
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s, % Change)
59
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
61
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
62
Table: Detailed Medical Device Import Trends By Product Area, 2014
65
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
69
Monthly Medical Device Imports
73
Table: Monthly Medical Device Imports By Product Area, May 2012-April 2015 (USDmn)
73
Annual Medical Device Exports
75
Table: Medical Device Exports by Product Area, 2010-2014 (USD000s)
79
Table: Medical Device Exports by Product Area, 2010-2014 (USD000s, % Change)
80
Table: Medical Device Exports by Product Area, 2010-2014 (Local Currency 000s)
81
Table: Medical Device Exports by Product Area, 2010-2014 (Local Currency 000s, % Change)
82
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
84
Table: Detailed Medical Device Exports by Product Area, 2010-2014 (USD000s)
85
Table: Detailed Medical Device Export Trends by Product Area, 2014
88
Table: Detailed Leading Medical Device Destinations by Product Area, 2014 (USD000s)
91
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
94
Monthly Medical Device Exports
98
Table: Monthly Medical Device Exports By Product Area, May 2012 - April 2015 (USDmn)
98
Macroeconomic Forecasts
100
Economic Analysis
100
Industry Risk/Reward Index
104
Table: APAC Medical Device Risk/Reward Index, Q415
105
Market Overview
106
Medical Device Market Overview
106
Table: Medical Device Market, Key Ratios, 2014
109
Table: Medical Device Market By Product Area, 2014
109
Healthcare Overview
110
Health Status
110
Healthcare System
110
Private Healthcare Providers
120
Healthcare Funding
122
Table: New Rural Co-operative Medical Scheme, 2005-2013
125
Healthcare Resources
127
Table: Medical Facilities By Type, September 2011-September 2014
127
Table: Hospitals By Type, 2008-2012
129
Table: Beds In Medical Facilities, 2009-2013 (000)
129
Table: CT & MRI Provision In Selected Chinese Provinces, 2009
131
Healthcare Activity
131
Table: Patient Activity By Sector, 9M12-9M14 (mn)
132
Table: Bed Occupancy, Average Stay, 9M13-9M14
132
Healthcare Personnel
133
Key Healthcare Data
133
Table: Summary of Key Healthcare Data, 2009-2014
133
Industry Trends And Developments
136
Industry Trends & Developments
136
Table: Chinese Medical Device Imports, Top 25 Suppliers, 2009-2014 (USDmn)
137
Table: Chinese Medical Device Imports, Top 25 Destinations, 2009-2014 (USDmn)
138
Table: Diagnostic Imaging Trade Balance, 2009-2014 (USD000s)
152
Table: Medical Device Manufacturers Key Financials, 2014 (CNYmn)
155
Table: Dialysis Apparatus Trade, 2009-2014 (USD000s)
160
Regulatory Development
166
Medical Device Regulations
166
Competent Authorities
166
Regulations
167
Registrations
170
Table: Classification of Contact Active Devices
172
Market Vigilance
175
Regulatory Developments
176
Intellectual Property Rights
177
Medical Device Pricing & Reimbursement
178
Competitive Landscape
182
Domestic Medical Device Production
182
Table: Medical Device Production, 2008-2012
182
Domestic Medical Device Manufacturing
183
Table: Publicly Listed Chinese Medical Device Manufacturers
183
National Medical Device Manufacturers
185
Table: Andon Health Key Financials, 2010-2014
186
Table: Andon Health Revenues By Product Area, 2010-2013 (CNY000s)
187
Table: Andon Health Revenues By Sector And Product Area, 2014 (CNY000s)
187
Table: Biolight Meditech Key Financials, 2010-2014
189
Table: Biolight Meditech Revenues By Product Area, 2011-2014 (CNY000s)
190
Table: David Medical Key Financials, 2011-2014
191
Table: David Medical Revenues By Product Area, 2012-2014 (CNY000s)
191
Table: Edan Instruments Key Financials, 2010-2014
193
Table: Edan Instruments Revenues By Product Area, 2010-2014
193
Table: Jiangsu Yuyue Medical Equipment Key Financials, 2010-2014
196
Table: Jiangsu Yuyue Medical Equipment Revenue By Product Area, 2011-2014 (CNY000s)
196
Table: Lepu Medical Group Key Financials, 2011-2014
200
Table: Lepu Medical Revenues By Product Area, 2013-2014 (CNY000s)
200
Table: Lifetech Key Financials, 2010-2014
203
Table: Lifetech Revenues By Product Area, 2011-2014 (CNY000s)
203
Table: Mindray Key Financials, 2010-2014 (USD000s)
207
Table: Mindray Sales by Product Area, 2010-2014 (USD000s)
208
Table: Shandong Weigao Group Medical Polymer Key Financials, 2010-2014
213
Table: Shandong Weigao Group Medical Polymer Revenue By Product Group, 2010-2014 (CNY000s)
213
Table: Shandong Xinhua Medical Instrument Key Financials, 2010-2014
217
Table: Shandong Xinhua Medical Instrument Revenues By Product Area, 2010-2014
217
Table: Wandong Medical Equipment Key Financials, 2010-2014
219
Table: Zhuhai Hokai Key Financials, 2010-2014
221
Table: Zhuhai Hokai Revenue By Product, 2011-2014 (CNY000s)
221
Table: Leading Local Manufacturers By Category
222
Multinational Medical Device Manufacturers
225
Table: GE Healthcare's Principal Manufacturing Facilities In China
233
Multinational Market Activity
250
Table: Multinational Market Activity, 2015
250
Medical Device Market Access
254
Distribution
254
Trade Associations
255
Trade Fairs
256
Methodology
257
Forecast Methodology
257
Trade Code Classifications
258
Table: Rearranged HS Trade Codes
259
Risk/Reward Index Methodology
262
Table: Medical Devices Risk/Reward Index Indicators
263
Sources
265
Contact
266

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.