Keywords : medical device, medical equipment, medical instrument
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 gover...
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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.
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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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Medical Devices Industry in China
Contents
ExEcutivE Summary 1
KEy BacKground data 3
Geographic 3
Political 3
Economic 4
Healthcare System 4
Ministry of Health 5
Hospitals 5
Rural Healthcare 6
Healthcare Reform Plan 6
Health Insurance 6
Background 6
Medical Insurance to Cover all Urban Citizens 7
New Co-operative Medical Scheme (formerly Rural Co-operative Medical Scheme) 7
Commercial Medical Insurance 8
Red Cross Society of China 8
Health Expenditure 8
marKEt dEvElopmEntS 11
Medical Device Imports Continue to See Sustained Growth 11
Medical Device Exports Record More Muted Performance in 2012 12
Health Minister Aims to Expand Health Insurance Cover 12
Phase 2 of Health Reform Programme Targets Greater Private Sector Participation 13
Stryker Acquires Chinese Orthopaedic Device Manufacturer 13
Philips to Sell Stake in Diagnostic Imaging Joint Venture 14
Terumo Enters Strategic Alliance to Exploit Chinese Renal Denervation Market 14
Medtronic Completes Life Tech Purchase, Dissolves Orthopaedic Joint Venture 15
Zimmer Signs Agreement to Train Chinese Regulators on Orthopaedic Standards 15
New Labelling Requirements for Medical Devices 16
Chinese Medical Market Booming 16
Domestic Manufacturing Industry Continues to Achieve 20% Growth 16
Multinationals Rushing to Exploit New Opportunities in Rural Healthcare Market 17
Domestic Manufacturers See Lower Profits Due to Rising Costs 18
mEdical marKEt analySiS 19
Overview 19
The Market in 2012 20
Past Performance 2007-11 21
Future Performance 2012-17 22
The Chinese Market for Consumables 28
The Chinese Market for Diagnostic Imaging 30
The Chinese Market for Dental Products 32
The Chinese Market for Orthopaedic & Prosthetic Products 34
The Chinese Market for Patient Aids 36
The Chinese Market for Other Medical Devices 38
annual importS 40
consumables 41
diagnostic imaging 41
dental products 41
orthopaedic & prosthetic products 41
patient aids 41iv ©Espicom Business Intelligence Q2 2013
China Medistat
monthly importS 53
annual ExportS 54
consumables 55
diagnostic imaging 55
dental products 55
orthopaedic products 55
patient aids 55
monthly ExportS 69
domEStic production 70
domEStic manufacturing 71
Five-Year Development Plan for the Pharmaceutical and Medical Device Industries 71
national manufacturers 71
Andon 71
Guangdong Biolight Meditech 72
Edan Instruments 72
Jiangsu Yuyue 73
Lepu Medical Group 73
Mindray 74
Neusoft Medical 76
Shandong Weigao Group Medical Polymer 76
Shandong Xinhua Medical Instrument 77
Trauson 78
Zhuhai Hokai 80
multinational manufacturers 82
Agfa 83
Alfresa Pharma Corporation 83
Aloka 83
Asahi Kasei Corp 83
Bayer Schering 83
Baxter 83
Becton Dickinson 83
Beiersdorf 84
Bracco 84
Convatec 84
Covidien 84
Draeger 84
Eastman Kodak 84
Fimet 84
Fresenius Medical 85
GE Healthcare 85
Hitachi Medical 86
Johnson & Johnson 86
Karl Storz 87
Laser Industries, Israel 87
Medtronic 87
Neich Medical 87
Nihon Kohden 88
Omron 88
Philips Healthcare 88
Sakura Finetechnical Co 88Q2 2013 ©Espicom Business Intelligence v
Medistat China
Shimadzu 89
Siemens 89
Siemens Hearing Instruments 89
Smith & Nephew 89
Stryker 90
Terumo 90
Zimmer 91
multinational activity 92
accESSing thEmarKEt 94
Distribution 94
mEdical dEvicErEgulationS 95
New Registration Procedures 96
Medical Ads Require Approval of Provincial Health Departments 96
New Industry Standards for Medical Devices 97
New Labelling Requirements for Medical Devices 97
Intellectual Property Rights 97
Local Manufacturing 97
Clinical Trials 97
Ministry of Health Regulations 98
Purchasing 98
Operation 98
mEthodology & SourcES 99
Trade Code Classifications 99
Methodology 101
Sources 102
List of tabLes
Espicom Analysis of the Chinese Medical Market, 2013 2
Economic Projections, 2013-18 4
New Rural Co-operative Medical Scheme, 2004-11 8
Summary of Key Data, 2007-12 10
Top Twenty Suppliers of Chinese Medical Device Imports, 2008-12 (US$000s) 11
Leading Destinations for Chinese Medical Device Exports, 2008-12 (US$000s) 12
Chinese Medical Device Market, Key Ratios, 2012 19
Chinese Medical Device Market by Category, 2012 20
Projected Medical Device Market, 2012-17 22
The Chinese Medical Device Market, 2007-17 (US$ millions) 23
The Chinese Medical Device Market, 2007-17 (US$ per capita) 25
The Chinese Medical Device Market, 2007-17 (% of Total) 26
The Chinese Medical Device Market, 2007-17 (% Change) 27
The Chinese Consumables Market, 2007-17 (US$ millions) 28
The Chinese Consumables Market, 2007-17 (US$ Per Capita) 28
The Chinese Consumables Market, 2007-17 (% Change) 28
The Chinese Diagnostic Imaging Market, 2007-17 (US$ millions) 30
The Chinese Diagnostic Imaging Market, 2007-17 (US$ Per Capita) 30
The Chinese Diagnostic Imaging Market, 2007-17 (% Change) 31
The Chinese Dental Products Market, 2007-17 (US$ millions) 32
The Chinese Dental Products Market, 2007-17 (US$ Per Capita) 33
The Chinese Dental Products Market, 2007-17 (% Change) 33vi ©Espicom Business Intelligence Q2 2013
China Medistat
The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions) 34
The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita) 34
The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change) 35
The Chinese Patient Aids Market, 2007-17 (US$ millions) 36
The Chinese Patient Aids Market, 2007-17 (US$ Per Capita) 36
The Chinese Patient Aids Market, 2007-17 (% Change) 36
The Chinese Other Medical Devices Market, 2007-17 (US$ millions) 38
The Chinese Other Medical Devices Market, 2007-17 (US$ Per Capita) 38
The Chinese Other Medical Devices Market, 2007-17 (% Change) 38
Summary Medical Imports by Product Area, 2007-11 (US$000s) 41
Summary Medical Imports by Product Area, 2007-11 (US$000s % Change) 42
Summary Medical Imports by Product Area, 2007-11 (CNY 000s) 42
Summary Medical Imports by Product Area, 2007-11 (CNY % Change) 43
Summary Medical Imports by Product Area, 2007-11 (% of Total) 44
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s) 45
Top 20 Suppliers to the Chinese Market, 2011 (US$000s) 46
Detailed Imports of Medical Equipment, 2007-11 (US$000s) 47
Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends) 49
Detailed Imports, Leading Suppliers, 2011 (US$000s) 51
Monthly Imports of Medical Equipment (US$ Millions) 53
Summary Medical Exports by Product Area, 2007-11 (US$000s) 55
Summary Medical Exports by Product Area, 2007-11 (US$000s % Change) 56
Summary Medical Exports by Product Area, 2007-11 (CNY 000s) 56
Summary Medical Exports by Product Area, 2007-11 (CNY % Change) 57
Summary Medical Exports by Product Area, 2007-11 (% of Total) 58
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s) 59
Top 20 Destinations for Chinese Exports, 2011 (US$000s) 60
Detailed Exports of Medical Equipment, 2007-2011 (US$000s) 61
Detailed Exports of Medical Equipment, 2007-2011 (Growth Trends) 63
Detailed Exports, Leading Destinations, 2011 (US$000s) 65
Balance of Medical Trade, 2007-2011 (US$000s) 67
Monthly Exports of Medical Equipment (US$ Millions) 69
Andon Health Revenue and Profit, 2009-2011 71
Guangdong Biolight Meditech Revenue and Profit, 2009-2011 72
Edan Instruments Revenue and Profit, 2009-2011 72
Jiangsu Yuyue Medical Equipment Revenue and Profit, 2009-2011 73
Lepu Medical Group Revenue and Profit, 2009-2011 74
Shandong Weigao Group Medical Polymer Revenue and Profit, 2009-2011 76
Shandong Weigao Group Medical Polymer Revenue by Product Group, 2009-2011 77
Shandong Xinhua Medical Instrument Revenue and Profit, 2009-2011 78
Trauson Revenue and Profit, 2009-2011 79
Trauson Revenues by Product Category, 2010-11 79
Wandong Medical Equipment Revenue and Profit, 2009-2011 80
Zhuhai Hokai Revenue and Profit, 2009-2011 81
Leading Local Manufacturers by Category 81
GE Healthcare's Principal Manufacturing Facilities in China 85
HS Trade Codes Used in This Report 99
HS Trade Codes, Rearranged 100Q2 2013 ©Espicom Business Intelligence vii
Medistat China
List of Charts
Chinese Health Expenditure Per Capita, 2001-2012 (US$) 9
Medical Device Manufacturing Output, 2006-2012 (CNY billions) 17
Chinese Medical Device Market by Category, 2012 (%) 20
Change in the Chinese Medical Device Market, 2007-17 (%) 21
CAGR of the Chinese Medical Device Market by Product Area, 2007-11 (%) 21
Market Projections, 2012-17 (US$millions) 22
Projected CAGR of Medical Device Market by Product Area, 2012-17 (%) 23
The Chinese Market for Consumables, 2007-17 (US$ millions) 29
The Chinese Market for Consumables, 2007-17 (CAGR) 29
The Chinese Market for Diagnostic Imaging, 2007-17 (US$ millions) 31
The Chinese Market for Diagnostic Imaging, 2007-17 (CAGR) 32
The Chinese Market for Dental Products, 2007-17 (US$ millions) 33
The Chinese Market for Dental Products, 2007-17 (CAGR) 34
The Chinese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions) 35
The Chinese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR) 35
The Chinese Market for Patient Aids, 2007-17 (US$ millions) 37
The Chinese Market for Patient Aids, 2007-17 (CAGR) 37
The Chinese Market for Other Medical Devices, 2007-17 (US$ millions) 39
The Chinese Market for Other Medical Devices, 2007-17 (CAGR) 39
Medical Equipment Imports, 2003-11 (US$ millions) 40
Change in Medical Equipment Imports, 2003-11 (%) 40
CAGR of Medical Imports by Product Area, 2007-11 (%) 43
Medical Equipment Imports by Product Area, 2011 (%) 44
Leading Medical Equipment Suppliers, 2011 (%) 46
Medical Equipment Exports, 2003-11 (US$ millions) 54
Change in Medical Equipment Exports, 2003-11 (%) 54
CAGR of Medical Exports by Product Area, 2007-11 (%) 57
Medical Equipment Exports by Product Area, 2011 (%) 58
Leading Medical Equipment Destinations, 2011 (%) 59
Medical Device Manufacturing Output, 2006-2012 (CNY billions) 70
Mindray Revenue and Income, 2008-11 (US$ Millions) 75
Mindray Sales by Product Category, 2011 75
