The Medical Device Market: China

The Medical Device Market: China

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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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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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Related Pages

The Medical Device Market Bangladesh

The Medical Device Market Hong Kong

For more information please click on the link to our Medical Market Reports page


Table of Contents

Espicom Industry View
Espicom Industry View
SWOT
Medical Device Market
Political
Economic
Business Environment
Industry Forecast
Medical Device Market Forecast
Past Performance 2008-2013
Future Performance 2013-2018
Table: Projected Medical Device Market, 2013-2018
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$ Per Capita)
Table: Detailed Medical Device Market By Product Area, 2008-2018 (% of Total)
Table: Detailed Medical Device Market By Product Area, 2009-2018 (US$mn % Change)
Consumables Market Forecast
Table: Consumables Market, 2008-2018 (US$mn)
Table: Consumables Market, 2008-2018 (US$ Per Capita)
Table: Consumables Market, 2009-2018 (US$mn % Change)
Diagnostic Imaging Market Forecast
Electrodiagnostic Apparatus Sector
Radiation Apparatus Sector
Imaging Parts & Accessories Sector
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
Table: Diagnostic Imaging Market, 2008-2018 (US$ Per Capita)
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
Dental Products Market Forecast
Table: Dental Products Market, 2008-2018 (US$mn)
Table: Dental Products Market, 2008-2018 (US$ Per Capita)
Table: Dental Products Market, 2009-2018 (US$mn % Change)
Orthopaedics & Prosthetics Market Forecast
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$ Per Capita)
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn, % Change)
Patient Aids Market Forecast
Table: Patient Aids Market, 2008-2018 (US$mn)
Table: Patient Aids Market, 2008-2018 (US$ Per Capita)
Table: Patient Aids Market, 2009-2018 (US$mn, % Change)
Other Medical Devices Market Forecast
Table: Other Medical Devices Market, 2008-2018 (US$mn)
China Medical Devices Report Q1

Table: Other Medical Devices Market, 2008-2018 (US$ Per Capita)
Table: Other Medical Devices Market, 2009-2018 (US$mn, % Change)
Annual Medical Device Imports
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s)
Table: Medical Device Imports By Product Area, 2008-2012 (US$000s, % Change)
Table: Medical Device Imports By Product Area, 2008-2012 (Local Currency 000s)