Business Monitor International


China Medical Devices Report

Published 05 September 2014

  • 233 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

  • The medical device market is estimated at US$16.1bn 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$11.6 in 2013. For the 2013-2018 period, Espicom has lowered its market growth projection to 15.7% per annum in local currency, equivalent to a US dollar CAGR of 15.3%.

  • Medical device imports supply around 73% of the medical device market having grown at a 2008-2013 CAGR of 21.8% in US dollar terms. The running annual total reached US$12.2bn in the 12 months to June 2014, representing y-o-y growth of 10.9%.

  • Medical device exports have grown at a 2008-2013 CAGR of 12.5% in US dollar terms. The running annual total reached US$13.0bn in the 12 months to June 2014, representing y-o-y growth of 6.0%. 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$0.9bn in 2013.

  • 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,...

Table of Contents

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
2008-2013 Performance
17
2013-2018 Performance
19
Table: Projected Medical Device Market, 2013-2018
20
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
21
Consumables Market Forecast
25
Bandages & Dressings
25
Suturing Materials
25
Syringes, needles & catheters
25
Other Consumables
26
Table: Consumables Market, 2008-2018 (US$mn)
26
Table: Consumables Market, 2009-2018 (US$mn % Change)
27
Diagnostic Imaging Market Forecast
29
Electrodiagnostic Apparatus Sector
29
Radiation Apparatus Sector
30
Imaging Parts & Accessories Sector
31
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
31
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
33
Dental Products Market Forecast
35
Capital Equipment
35
Instruments & Supplies
35
Table: Dental Products Market, 2008-2018 (US$mn)
36
Table: Dental Products Market, 2009-2018 (US$mn % Change)
36
Orthopaedics & Prosthetics Market Forecast
38
Fixation Devices
38
Artificial Joints
38
Other Artificial Body Parts
39
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
39
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
39
Patient Aids Market Forecast
40
Portable Aids
40
Therapeutic Appliances
41
Table: Patient Aids Market, 2008-2018 (US$mn)
41
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)
41
Other Medical Devices Market Forecast
43
Table: Other Medical Devices Market, 2008-2018 (US$mn)
44
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)
45
Annual Medical Device Imports
46
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
50
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s, % Change)
51
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
52
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
53
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
56
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
57
Table: Detailed Medical Device Import Trends By Product Area, 2013
60
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
64
Monthly Medical Device Imports
67
Table: Monthly Medical Device Imports By Product Area, January 2011-December 2013 (US$mn)
68
Annual Medical Device Exports
69
Table: Medical Device Exports by Product Area, 2009-2013 (US$000s)
73
Table: Medical Device Exports by Product Area, 2009-2013 (US$000s, % Change)
74
Table: Medical Device Exports by Product Area, 2009-2013 (Local Currency 000s)
75
Table: Medical Device Exports by Product Area, 2009-2013 (Local Currency 000s, % Change)
76
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
78
Table: Detailed Medical Device Exports by Product Area, 2009-2013 (US$000s)
79
Table: Detailed Medical Device Export Trends by Product Area, 2013
82
Table: Detailed Leading Medical Device Destinations by Product Area, 2013 (US$000s)
85
Table: Detailed Medical Device Balance of Trade, 2009-2013 (US$000s)
88
Monthly Medical Device Exports
91
Table: Monthly Medical Device Exports By Product Sector, January 2011 - December 2013 (US$mn)
92
Macroeconomic Forecasts
94
Economic Analysis
94
More Cities To Witness Price Declines
95
Government, PBoC Likely To Tweak Policies
96
Economic Reforms Another Headwind
97
Table: Economic Activity (China 2009-2018)
99
Industry Risk Reward Ratings
100
Table: APAC Medical Device Risk/Reward Ratings, Q314
101
Market Overview
102
Medical Device Market Overview
102
Table: Medical Device Market, Key Ratios, 2013
105
Table: Medical Device Market By Product Area, 2013
105
Healthcare Overview
106
Health Status
106
Healthcare System
106
Healthcare Funding
113
Table: New Rural Co-operative Medical Scheme, 2004-2011
116
Healthcare Resources
118
Table: Hospitals By Type, 2008-2012
118
Table: Beds In Medical Facilities, 2008-2012
119
Table: Provision Of CT & MRI In Selected Chinese Provinces, 2009
121
Healthcare Activity
122
Healthcare Personnel
122
Key Healthcare Data
122
Table: Summary of Key Healthcare Data, 2008-2013
122
Industry Trends And Developments
126
Industry Trends & Developments
126
Table: Chinese Medical Device Imports, Top Twenty Suppliers, 2008-2013 (US$mn)
126
Table: Chinese Medical Device Exports, Leading Destinations 2008-2013 (US$mn)
128
Table: Medical Device Manufacturers Key Financials, Q1-3 2013 (CNYmn)
137
Regulatory Development
140
Medical Device Regulations
140
Competent Authorities
140
National Regulations
141
Regulatory Developments
144
Table: Classification of Contact Active Devices
145
Intellectual Property Rights
148
Medical Device Pricing & Reimbursement
149
Competitive Landscape
152
Domestic Medical Device Production
152
Table: Medical Device Production, 2008-2012
152
Domestic Medical Device Manufacturing
153
Table: Publicly Listed Chinese Medical Device Manufacturers
153
National Medical Device Manufacturers
154
Table: Andon Health Key Financials, 2010-2012
155
Table: Biolight Meditech Key Financials, 2010-2012
156
Table: Edan Instruments Key Financials, 2010-2012
158
Table: Jiangsu Yuyue Medical Equipment Key Financials, 2010-2012
159
Table: Jiangsu Yuyue Medical Equipment Revenue By Product Area, 2011-2012
160
Table: Lepu Medical Group Key Financials, 2010-2012
162
Table: Mindray Key Financials, 2008-2012 (US$mn)
166
Table: Mindray Sales by Product Category 2012
166
Table: Shandong Weigao Group Medical Polymer Key Financials, 2010-2012
169
Table: Shandong Weigao Group Medical Polymer Revenue By Product Group,2010-2012
170
Table: Shandong Xinhua Medical Instrument Key Financials, 2010-2012
172
Table: Trauson Key Products
173
Table: Trauson Key Financials, 2009-2011
174
Table: Trauson Revenues by Product Category, 2010-2011
174
Table: Wandong Medical Equipment Key Financials, 2010-2012
176
Table: Zhuhai Hokai Key Financials, 2010-2012
177
Table: Zhuhai Hokai Revenue By Product, 2011-2012
177
Table: Leading Local Manufacturers By Category
178
Multinational Medical Device Manufacturers
181
Table: GE Healthcare's Principal Manufacturing Facilities In China
189
Multinational Market Activity
205
Table: Multinational Market Activity, 2014
205
Medical Device Market Access
208
Distribution
208
Trade Associations
209
Trade Fairs
209
Methodology
211
Medical Device Market Methodology
211
Trade Code Classifications
212
Table: Used HS Trade Codes, 2014
212
Table: Rearranged HS Trade Codes, 2014
214
Risk/Reward Ratings Methodology
217
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
218
Sources
219
Contact
220

The China Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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 and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) 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 intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

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
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

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.

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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