The Medical Device Market: China

NEW YORK, Feb. 14, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

The Medical Device Market: China

http://www.reportlinker.com/p0203025/The-Medical-Device-Market-China.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Medical_Equipment_and_Supply

China has the world's largest population. In 2009, it was officially estimated at 1,334.7 million. The province of Guangdong, in south-central China, had the largest population, with 96.4 million, equal to 7.2% of the total. Eastern China was the most populated region of the country, inhabited by 384.9 million people in 2009. The area includes Shanghai, China's largest city, with a population of 19.2 million.

In 2009, the Chinese government committed 850 billion yuan (US$124 billion) to develop the country's healthcare system over a three-year period. The plan is to create a solid platform for universal healthcare access for all by 2020. The Chinese government expanded the health insurance programme to cover all rural residents by the end of 2008. Urban health insurance was already well established, covering nearly all working citizens, and the government plans to cover all urban dwellers, including the unemployed and children who were not covered previously.

The prospects for medical device spending is huge; the government has committed heavily in the construction of thousands of hospitals, healthcare centres, clinics and this will inevitably lead to spending on capital goods, most notably medical devices, equipment and furniture at an unprecedented rate in a relatively short space of time.

Priority has been given to the construction and renovation of around 2,000 county level-hospitals, so that each county will have at least one such facility. County-level hospitals are usually the best equipped hospitals in the country and must have at least 250 beds. The central government will fund the construction of 29,000 township hospitals, and the upgrading of another 5,000, according to the plan. The government has also allocated funds for the construction of village clinics in remote areas so that every village will have at least one unit by the end of the three-year period.

Since opening its economy to the West in the late 1970s, China has experienced rapid growth. For 2012, China's GDP is estimated at US$8,127.0 billion. While this makes China one of the world's largest economies, the sheer size of the population means that per capita wealth is relatively low, at around US$6,120 in 2012.

For the 2012-17 period, Espicom estimates market growth to be in the region of 20.2% per year; one of the fastest growing markets in the world. High rates of growth are not uncommon in the Asian region, but on the back of a huge market size, China's growth is particularly pronounced.

Latest annual data to December 2011 show that imports have grown very strongly during the period, rising by 26.6% to reach US$8,552.1 million. All product categories posted strong growth during the period, with consumables leading the way with a rise of 30.4% over the previous year. All other categories achieved over twenty-percent rises during the period except for orthopaedic products, which still achieved an impressive 14.4% rise over 2010.

PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH

Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:

Unique projected estimates of market size and growth for 33 equipment categories
Five year statistical data for key economic and healthcare indicators
Information on regulation, distribution and market access, including Espicom's unique distributor directory
Detailed Medical trade data
Data on leading local/multinational medical equipment players in the market

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Table of Contents

Executive Summary 1
Key Background Data 3
Political 3
Economic 4
Healthcare System 4
Ministry of Health 5
Hospitals 5
Rural Healthcare 5
US$124 Billion Healthcare Reform Plan 6
Health Insurance6
Background 6
Medical Insurance to Cover all Urban Citizens 6
New Co-operative Medical Scheme (formerly Rural Co-operative Medical Scheme) 6
Commercial Medical Insurance 7
Red Cross Society of China 7
Health Expenditure 8
Marke t De velopments 10
Chinese Medical Market Booming 10
Domestic Manufacturing Industry Continues to Achieve 20% Growth 10
Medical Device Exports Record More Muted Performance in 2012 11
Multinationals Rushing to Exploit New Opportunities in Rural Healthcare Market 12
Domestic Manufacturers See Lower Profits Due to Rising Costs 12
Medical Market Analysis 13
Overview 13
The Market in 2012 14
Past Performance 2007-11 15
Future Performance 2012-17 16
The Chinese Market for Consumables 22
The Chinese Market for Diagnostic Imaging 25
The Chinese Market for Dental Products 28
The Chinese Market for Orthopaedic & Prosthetic Products 30
The Chinese Market for Patient Aids32
The Chinese Market for Other Medical Devices 34
Annual Imports 36
Consumables 37
Diagnostic Imaging 37
Dental Products 37
Orthopaedic & Prosthetic Products 37
Patient Aids 37
Monthly Imports 49
Annual Exports 50
Consumables 51
Diagnostic Imaging 51
Dental Products 51
Orthopaedic Products51
Patient Aids 51
Monthly Exports 65
Domes tic Production 66
Domes tic Manufacturing 67
Five-Year Development Plan for the Pharmaceutical and Medical Device Industries 67
National Manufacturers 67
Andon 67
Guangdong Biolight Meditech 68
Edan Instruments 68
Jiangsu Yuyue 68
Lepu Medical Group 69
Mindray 70
Neusoft Medical72
Shandong Weigao Group Medical Polymer 72
Shandong Xinhua Medical Instrument73
Trauson74
Wandong Medical Equipment 75
Zhuhai Hokai 76
Multinational Manufacturers78
Agfa 78
Alfresa Pharma Corporation78
Aloka 78
Asahi Kasei Corp78
Bayer Schering 78
Baxter79
Becton Dickinson 79
Beiersdorf 79
Bracco79
Convatec 79
Covidien 79
Draeger80
Eastman Kodak 80
Fimet 80
Fresenius Medical 80
GE Healthcare 80
Hitachi Medical 82
Johnson & Johnson 82
Laser Industries, Israel 82
Medtronic 83
Neich Medical 83
Nihon Kohden 83
Omron 83
Philips Medical Systems 84
Shimadzu 84
Siemens 85
Siemens Hearing Instruments 85
Smith & Nephew 85
Stryker 85
Terumo 86
Multinational Activity 87
Accessing the Market 89
Distribution 89
Medical Device Regulations 90
New Registration Procedures 91
Medical Ads Require Approval of Provincial Health Departments 91
New Industry Standards for Medical Devices 91
Intellectual Property Rights 91
Local Manufacturing92
Clinical Trials 92
Ministry of Health Regulations 92
Purchasing 92
Operation 92
Methodology & Sources 93
Trade Code Classifications93
Methodology 96
Sources 97

List of Tables
Espicom Analysis of the Chinese Medical Market, 2012 2
Key Economic Data Projections, 2012-17 4
New Co-operative Medical Scheme, 2004-10 7
Summary of Key Data, 2006-11 9
Leading Destinations for Chinese Medical Device Exports 11
Chinese Medical Device Market, Key Ratios, 2012 13
Chinese Medical Device Market by Category, 2012 14
Projected Medical Device Market, 2012-17 16
The Chinese Medical Device Market, 2007-17 (US$ millions) 17
The Chinese Medical Device Market, 2007-17 (US$ per capita) 18
The Chinese Medical Device Market, 2007-17 (% of Total) 20
The Chinese Medical Device Market, 2007-17 (% Change) 21
The Chinese Consumables Market, 2007-17 (US$ millions) 23
The Chinese Consumables Market, 2007-17 (US$ Per Capita) 23
The Chinese Consumables Market, 2007-17 (% Change) 23
The Chinese Diagnostic Imaging Market, 2007-17 (US$ millions) 25
The Chinese Diagnostic Imaging Market, 2007-17 (US$ Per Capita) 26
The Chinese Diagnostic Imaging Market, 2007-17 (% Change) 26
The Chinese Dental Products Market, 2007-17 (US$ millions) 28
The Chinese Dental Products Market, 2007-17 (US$ Per Capita) 28
The Chinese Dental Products Market, 2007-17 (% Change) 29
The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions) 30
The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita) 30
The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change) 31
The Chinese Patient Aids Market, 2007-17 (US$ millions) 32
The Chinese Patient Aids Market, 2007-17 (US$ Per Capita) 32
The Chinese Patient Aids Market, 2007-17 (% Change) 32
The Chinese Other Medical Devices Market, 2007-17 (US$ millions) 34
The Chinese Other Medical Devices Market, 2007-17 (US$ Per Capita) 34
The Chinese Other Medical Devices Market, 2007-17 (% Change) 34
Summary Medical Imports by Product Area, 2007-11 (US$000s) 37
Summary Medical Imports by Product Area, 2007-11 (US$000s % Change) 38
Summary Medical Imports by Product Area, 2007-11 (CNY 000s) 38
Summary Medical Imports by Product Area, 2007-11 (CNY % Change) 39
Summary Medical Imports by Product Area, 2007-11 (% of Total) 40
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s) 41
Top 20 Suppliers to the Chinese Market, 2011 (US$000s) 42
Detailed Imports of Medical Equipment, 2007-11 (US$000s) 43
Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends) 45
Detailed Imports, Leading Suppliers, 2011 (US$000s) 47
Monthly Imports of Medical Equipment (US$ Millions) 49
Summary Medical Exports by Product Area, 2007-11 (US$000s) 52
Summary Medical Exports by Product Area, 2007-11 (US$000s % Change) 52
Summary Medical Exports by Product Area, 2007-11 (CNY 000s) 53
Summary Medical Exports by Product Area, 2007-11 (CNY % Change) 53
Summary Medical Exports by Product Area, 2007-11 (% of Total) 54
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s) 55
Top 20 Destinations for Chinese Exports, 2011 (US$000s) 56
Detailed Exports of Medical Equipment, 2007-2011 (US$000s) 57
Detailed Exports of Medical Equipment, 2007-2011 (Growth Trends) 59
Detailed Exports, Leading Destinations, 2011 (US$000s) 61
Balance of Medical Trade, 2007-2011 (US$000s) 63
Monthly Exports of Medical Equipment (US$ Millions) 65
Medical Device Manufacturing Output, 2006-2012 (CNY billions) 66
Andon Health Revenue and Profit, 2009-2011 67
Guangdong Biolight Meditech Revenue and Profit, 2009-2011 68
Jiangsu Yuyue Medical Equipment Revenue and Profit, 2009-2011 69
Lepu Medical Group Revenue and Profit, 2009-2011 70
Mindray Revenue and Income, 2008-11 (US$ Millions) 71
Mindray Sales by Product Category, 2011 71
Shandong Weigao Group Medical Polymer Revenue and Profit, 2009-2011 72
Shandong Weigao Group Medical Polymer Revenue by Product Group, 2009-2011 73
Shandong Xinhua Medical Instrument Revenue and Profit, 2009-2011 73
Trauson Revenue and Profit, 2009-2011 74
Trauson Revenues by Product Category, 2010-11 75
Wandong Medical Equipment Revenue and Profit, 2009-2011 75
Zhuhai Hokai Revenue and Profit, 2009-2011 76
Leading Local Manufacturers by Category 76
GE Healthcare's Principal Manufacturing Facilities in China 80
HS Trade Codes Used in This Report 94
HS Trade Codes, Rearranged 95

List of Charts
Chinese Health Expenditure Per Capita, 2001-2011 (US$) 8
Medical Device Manufacturing Output, 2006-2012 (CNY billions) 11
Chinese Medical Device Market by Category, 2012 (%) 14
Change in the Chinese Medical Device Market, 2007-17 (%) 15
CAGR of the Chinese Medical Device Market by Product Area, 2007-11 (%) 15
Market Projections, 2012-17 (US$millions) 16
Projected CAGR of Medical Device Market by Product Area, 2012-17 (%) 17
The Chinese Market for Consumables, 2007-17 (US$ millions) 24
The Chinese Market for Consumables, 2007-17 (CAGR) 24
The Chinese Market for Diagnostic Imaging, 2007-17 (US$ millions)27
The Chinese Market for Diagnostic Imaging, 2007-17 (CAGR) 27
The Chinese Market for Dental Products, 2007-17 (US$ millions)29
The Chinese Market for Dental Products, 2007-17 (CAGR) 30
The Chinese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions) 31
The Chinese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR) 31
The Chinese Market for Patient Aids, 2007-17 (US$ millions) 33
The Chinese Market for Patient Aids, 2007-17 (CAGR) 33
The Chinese Market for Other Medical Devices, 2007-17 (US$ millions) 35
The Chinese Market for Other Medical Devices, 2007-17 (CAGR) 35
Medical Equipment Imports, 2003-11 (US$ millions) 36
Change in Medical Equipment Imports, 2003-11 (%) 36
CAGR of Medical Imports by Product Area, 2007-11 (%) 39
Medical Equipment Imports by Product Area, 2011 (%) 40
Leading Medical Equipment Suppliers, 2011 (%) 41
Medical Equipment Exports, 2003-11 (US$ millions) 50
Change in Medical Equipment Exports, 2003-11 (%) 50
CAGR of Medical Exports by Product Area, 2007-11 (%) 54
Medical Equipment Exports by Product Area, 2011 (%) 55
Leading Medical Equipment Destinations, 2011 (%) 56

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The Medical Device Market: China

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