Sales volume of medical device products in China reached US$ 55.6 billion in 2016 with a CAGR of 21.0% from 2010 to 2016. As one of the largest markets in the world, China now is the most import market for many multinational companies such as GE Healthcare, Philips Healthcare, Medtronic, Boston Scientific, and Johnson & Johnson, which have been actively expanding China business via a series of strategic actions such as merge & acquisitions, localization and partnerships.
There are more than 14,000 local medical device manufacturers in China and 80% of them have annual revenues less than US$ 3 million. Some local leading companies, such as Mindray, MicroPort, and Shanghai Unite Imaging, are competing with multinational companies in the middle and high end markets, while a large amount of others are focusing on low end and rural markets which are also quite important for multinational companiesí» future growth in China.
Based on its population and local economic development, each region in China has different healthcare resources such as annual patient visits, number of medical professionals and sick beds, which will affect hospitalsí» requirements on medical device products.
China governments have released a series of policies and guidelines to support local medical device industry in the recent years, covering hospital procurement, medical device registration, manufacturing, distribution, and recalls.
The report presents you with the key perspectives of the Chinese medical device industry, covering policies, key players, procurement & distribution, trends and factor analysis of key market segments, as well as the most updated official statistics of medical device trade and healthcare resources. It will help you understand better of end users, competitors, sales channels and government departments which is valuable for management team and decision makers to set up strategies for market entry and business development in China. It could also help investment companies and medical technology companies seek opportunities in China market.
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China Medical Device Industry Yearbook 2017 - to be Published in May 2017 (the Fourth Edition)
China Medical Device Industry Yearbook 2016 - July 2016
China Medical Device Industry Yearbook 2015 - September 2015
China Medical Device Industry Yearbook 2014 - July 2014