Business Monitor International


China Medical Devices Report

Published 21 November 2013

  • 233 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
China Medical Devices Report

Espicom 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 . On the downside, there are signs of a deterioration in the market environment with local companies reporting declining profitability levels due to rising costs. This coupled with more government scrutiny into pricing and other regulatory issues threatens to alter the risk benefit profile of the Chinese medical device market.

Headline Industry Forecasts

  • The medical device market is estimated at just under US$17.1bn 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 US$12.6 in 2013. For the 2013-2018 period, Espicom estimates market growth at 20% per annum in local currency, equivalent to a US dollar CAGR of 18.7%.

  • Medical device imports supply around 73% of the medical device market having grown at a 2007-2012 CAGR of 23.7% in US dollar terms. The running annual total reached US$11.4bn in the 12 months to September 2013, representing y-on-y growth of 15.8%.

  • Medical device exports have grown at a 2007-2012 CAGR of 16.9% in US dollar terms. The running annual total reached US$12.4bn in the 12 months to September 2013, representing y-on-y growth of 9.5%. Exports have failed to keep pace with imports over the past five years, causing the balance of trade surplus to fall from US$2.6bn in 2008 to US$1.4bn in 2012.

  • Domestic medical device production as reported by the National Statistics Bureau has grown at a CAGR of 20% since 2008, although growth in 2012 was lower at 13.0%. The industry has particular strengths in consumables, therapeutic appliances, wheelchairs and medical furniture with a growing number of companies manufacturing more high tech equipment.

Headline Industry Risk/Reward Rating

  • China is...

Table of Contents

Espicom Industry View
9
Espicom Industry View
9
SWOT
12
Medical Device Market
12
Political
14
Economic
15
Business Environment
16
Industry Forecast
17
Medical Device Market Forecast
17
Past Performance 2008-2013
17
Future Performance 2013-2018
18
Table: Projected Medical Device Market, 2013-2018
19
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
20
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
24
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% of Total)
27
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn % Change)
30
Consumables Market Forecast
34
Table: Consumables Market, 2008-2018 (US$mn)
35
Table: Consumables Market, 2008-2018 (US$ Per Capita)
36
Table: Consumables Market, 2009-2018 (US$mn % Change)
37
Diagnostic Imaging Market Forecast
40
Electrodiagnostic Apparatus Sector
40
Radiation Apparatus Sector
41
Imaging Parts & Accessories Sector
42
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
42
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
44
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
45
Dental Products Market Forecast
48
Table: Dental Products Market, 2008-2018 (US$mn)
48
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
49
Table: Dental Products Market, 2009-2018 (US$mn % Change)
50
Orthopaedics & Prosthetics Market Forecast
52
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
53
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
54
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
54
Patient Aids Market Forecast
56
Table: Patient Aids Market, 2008-2018 (US$mn)
57
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
57
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)
58
Other Medical Devices Market Forecast
60
Table: Other Medical Devices Market, 2008-2018 (US$mn)
61
Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
62
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)
63
Annual Medical Device Imports
65
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
69
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
70
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)
71
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s, % Change)
72
Table: Medical Device Imports By Product Area, 2008-2012 (% Distribution)
74
Table: Leading Medical Device Suppliers By Product Area (US$000s)
77
Table: Leading Medical Device Suppliers By Product Area (% Distribution)
78
Table: Top 20 Medical Device Suppliers (US$000s)
79
Table: Detailed Medical Device Imports By Product Area, 2008-2012 (US$000s)
80
Table: Detailed Medical Device Import Trends By Product Area, 2012
83
Table: Detailed Leading Medical Device Suppliers By Product Area, 2012 (US$000s)
87
Monthly Medical Device Imports
90
Table: Monthly Medical Device Imports By Product Area, October 2010-September 2013 (US$mn)
90
Annual Medical Device Exports
92
Table: Medical Device Exports by Product Area, 2008-2012 (US$000s)
96
Table: Medical Device Exports by Product Area, 2008-2012 (US$000s, % Change)
97
Table: Medical Device Exports by Product Area, 2008-2012 (Local Currency 000s)
98
Table: Medical Device Exports by Product Area, 2008-2012 (Local Currency 000s, % Change)
99
Table: Medical Device Exports by Product Area, 2008-2012 (% Distribution)
100
Table: Leading Medical Device Destinations by Product Area (US$000s)
103
Table: Leading Medical Device Destinations by Product Area (% Distribution)
104
Table: Top 20 Medical Device Destinations (US$000s)
105
Table: Detailed Medical Device Exports by Product Area, 2008-2012 (US$000s)
106
Table: Detailed Medical Device Export Trends by Product Area, 2012
109
Table: Detailed Leading Medical Device Destinations by Product Area, 2013 (US$000s)
113
Table: Detailed Medical Device Balance of Trade, 2008-2012 (US$000s)
116
Monthly Medical Device Exports
119
Table: Monthly Medical Device Exports By Product Sector, October 2010-September 2013 (US$mn)
119
Macroeconomic Forecasts
122
Economic Analysis
122
Table: China - Economic Activity
127
Industry Risk Reward Ratings
128
Industry Risk Reward Ratings
128
Table: Espicom Analysis Of The Medical Device Market, 2013
128
Market Overview
130
Medical Device Market Overview
130
OVERVIEW
130
Table: Medical Device Market, Key Ratios, 2013
132
The Market In 2013
132
Table: Medical Device Market By Product Area, 2013
133
Healthcare Overview
133
Healthcare System
133
Health Insurance
139
Table: New Rural Co-operative Medical Scheme, 2004-2011
142
Medical Technology
143
Table: Provision of CT & MRI In Selected Chinese Provinces, 2009
144
Health Expenditure
144
Table: Summary of Key Data, 2008-2013
145
Industry Trends And Developments
148
Industry Trends & Developments
148
Table: Top Twenty Suppliers Of Chinese Medical Device Imports, 2008-2012 (US$000s)
148
Table: Leading Destinations For Chinese Medical Device Exports, 2008-2012 (US$000s)
150
Table: Medical Device Manufacturers Key Financials, Q1-3 2013 (CNYmn)
155
Table: Publicly Listed Chinese Medical Device Manufacturers
156
Regulatory Development
162
Medical Device Regulations
162
Regulatory Authorities
162
Regulatory Developments
165
Intellectual Property Rights
168
Local Manufacturing
168
Medical Device Pricing & Reimbursement
169
Competitive Landscape
172
Domestic Medical Device Production
172
Table: Medical Device Production, 2008-2012
172
Domestic Medical Device Manufacturing
173
National Medical Device Manufacturers
173
Table: Andon Health Key Financials, 2010-2012
174
Table: Biolight Meditech Key Financials, 2010-2012
175
Table: Edan Instruments Key Financials, 2010-2012
177
Table: Jiangsu Yuyue Medical Equipment Key Financials, 2010-2012
178
Table: Jiangsu Yuyue Medical Equipment Revenue By Product Area, 2011-2012
179
Table: Lepu Medical Group Key Financials, 2010-2012
181
Table: Mindray Key Financials, 2008-2012 (US$mn)
184
Table: Mindray Sales by Product Category 2012
185
Table: Shandong Weigao Group Medical Polymer Key Financials, 2010-2012
187
Table: Shandong Weigao Group Medical Polymer Revenue By Product Group,2010-2012
188
Table: Shandong Xinhua Medical Instrument Key Financials, 2010-2012
190
Table: Trauson Key Financials, 2009-2011
192
Table: Trauson Revenues by Product Category, 2010-2011
192
Table: Wandong Medical Equipment Key Financials, 2010-2012
194
Table: Zhuhai Hokai Key Financials, 2010-2012
195
Table: Zhuhai Hokai Revenue By Product, 2011-2012
195
Table: Leading Local Manufacturers By Category
196
Multinational Medical Device Manufacturers
199
Table: GE Healthcare's Principal Manufacturing Facilities In China
207
Multinational Market Activity
222
Table: Multinational Market Activity, 2013
222
Medical Device Market Access
225
Distribution
225
Methodology
226
Table: Used HS Trade Codes, 2013
227
Table: Rearranged HS Trade Codes, 2013
229

The China Medical Devices Report features forecasts for medical devices production, imports, exports and healthcare expenditure by Espicom, a Business Monitor International company (BMI). These forecasts focus on Consumables, Diagnostic Imaging Apparatus, Dental Products, Orthopaedic and Prosthetic Devices and other medical devices.

The breakdown of domestic production, domestic manufacturing, individual trade associations and multinational activity 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 Espicom’s Medical Devices expenditure 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 disease and demographic trends, regulatory developments, tax legislation and government subsidies, investment dynamics and domestic demand in China.
  • Assess the activities and market position of your competitors via our assessments of domestic production, imports and exports, trade associations, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Covers geographic factors, political issues, and economic concerns, together with an overview of the country’s healthcare systems, health insurance regulations and health related projects which might have an impact on the country. These are presented in conjunction with estimates of health expenditure.

Market Developments

Provides analysis on the latest regulatory developments, key forecast indicators and major corporate developments, including production growth and government investment programmes.

Medical Market Analysis

Evaluates the market’s developments over the past year, comparing it with historical trends, and provides a forecast of future performance throughout our forecast period to end-2018. The report presents forecasts on the annual imports and exports for each of these sectors along with a monthly analysis of import and export trends and developments. There is also a detailed assessment of domestic production and domestic manufacturing, with a breakdown of individual trade associations, national and multinational manufacturers.

Medical Device Market Projections cover Market (US$mn), Per Capita (US$mn), (%) of total expenditure, and (%) change, for the below medical devices:

Consumables (US$mn): bandages and dressings, suturing materials, ostomy products, syringes, needles, and catheters.

Diagnostic Imaging (US$mn): electrodiagnostic, ultrasound, MRI, patient monitoring, CT scanners, X-ray apparatus, imaging parts and accessories.

Dental Products (US$mn): dental capital equipment, dental drills, dental chairs, dental X-rays, dental instruments and supplies, dental cements, teeth and other fittings.

Orthopaedic and prosthetic products (US$mn): fixation devices, artificial joints, and other artificial body parts.

Patient Aids (US$mn): portable aids, hearing aids, pacemakers, and therapeutic appliances.

Other medical devices (US$mn): wheelchairs, ophthalmic instruments, anaesthesia apparatus, dialysis apparatus, blood pressure monitors, endoscopy monitors, and hospital furniture.

Multinational Activity

Discusses the presence of multinational companies in the country, either via sales and distribution outlets, or through manufacturing facilities. ‘Domestic Manufacturing’ delineates the presence and activities of domestic medical device companies. Key company developments are incorporated, enabling a full evaluation of recent company performance and future growth prospects.

Accessing the Market

This section contains analysis of the overall market environment, distribution (including over 1,600 qualified sales agencies and distribution leads), import duties and taxes, procurement options (such as trade fairs, various expositions and procurement bodies), together with an explanation of the regulatory environment covering registration, labelling requirements and the use of second-hand equipment.

Directory

Contains details for Healthcare organisations, Professional Bodies, and Trade Associations, along with Trade Code Classifications.

Appendix – Statistical Tables

Extensive statistical tables provide historical data and forecasts from 2007-2018, identifying trends and changes in population, principle causes of death, public health expenditure, hospital data (including beds by type, discharge data, long stay patients by type), and hospital personnel.

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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