The Medical Device Market: China

  • January 2014
  • -
  • Espicom Business Intelligence
  • -
  • 233 pages

OVERVIEW OF THE MEDICAL MARKET IN CHINA
China ranks as the largest economic power of the Asia Pacific region with a projected GDP of US$9 1tn in 2013 In terms of GDP per capita, it is considerably lower at US$6,676 in 2013, owing to its large population Moreover, the country is divided into a relatively wealthy eastern coastal belt - consisting of Tianjin, Shandong, Jiangsu, Shanghai, Zhejiang, Fujian and Guangdong provinces and much poorer, underdeveloped regions in the interior and the west Although the government has undertaken massive development plans to address these imbalances, and new factories are gradually being built further inland, this will be a long drawn-out process in a country of China's size

The Chinese government has launched a health reform programme that aims to create a solid platform for universal healthcare access for all by 2020 Phase 1 of the programme committed CNY850bn (US $124bn) to develop the country's healthcare system, whilst phase 2 proposes investment of CNY400bn (US$63 5bn) is to be invested in the healthcare system through to 2020

The prospects for medical device spending is huge; the government has committed heavily to 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 In 2012, the central government alone invested CNY 24 3bn (US$3 9bn) to improve health service infrastructure

The medical device market is estimated at just under US$17 1bn in 2013 This makes China the fourth largest market in the world and the second largest in Asia behind Japan In per capita terms, however, the market is far from rich Per capita spending in 2013 is estimated at US$12 6 For the 2013-18 period, Espicom estimates market growth will continue to average 20% per annum in local currency, equivalent to a US dollar CAGR of 18 7%, making China 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

Imports have grown very strongly during recent years, rising by 20 7% in 2012 to reach US$10,329 0mn

All product categories posted strong growth during the period led by orthopaedic & prosthetic products


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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

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$mn % Change) 37
Diagnostic Imaging Market Forecast 40
Electrodiagnostic Apparatus Sector 40
Radiation Apparatus Sector 41
Imaging Parts and Accessories Sector 42
Table: Diagnostic Imaging Market, 2008-2018 (US$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$mn % Change) 50
Orthopaedics and Prosthetics Market Forecast 52
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$mn) 53
Table: Orthopaedics and Prosthetics Market, 2008-2018 (US$ Per Capita) 54
Table: Orthopaedics and 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

4
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

5
Table: New Rural Co-operative Medical Scheme, 2004-2011 142
Medical Technology 143
Table: Provision of CT and 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 and 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$000s) 150
Table: Medical Device Manufacturers Key Financials, Q1-3 2013 (CNYmn) 155
Table: Publicly Listed Chinese Medical Device Manufacturers 156
Regulatory Development 162
Medical Device Regulations 162
Regulatory Authorities 162
Regulatory Developments 165
Intellectual Property Rights 168
Local Manufacturing 168
Medical Device Pricing and Reimbursement 169
Competitive Landscape 172
Domestic Medical Device Production 172
Table: Medical Device Production, 2008-2012 172
Domestic Medical Device Manufacturing 173
National Medical Device Manufacturers 173
Table: Andon Health Key Financials, 2010-2012 174
Table: Biolight Meditech Key Financials, 2010-2012 175
Table: Edan Instruments Key Financials, 2010-2012 177
Table: Jiangsu Yuyue Medical Equipment Key Financials, 2010-2012 178
Table: Jiangsu Yuyue Medical Equipment Revenue By Product Area, 2011-2012 179
Table: Lepu Medical Group Key Financials, 2010-2012 181
Table: Mindray Key Financials, 2008-2012 (US$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

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