The Medical Device Market: China
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 MONTHEspicom'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 marketMAKING YOUR MARKET RESEARCH INVESTMENT WORK WITH POWERFUL ONLINE TOOLS At no additional cost, all customers get access to Espicom Interactive. This advanced online service is easy-to-use and contains practical and valuable tools which will save you hours of time and effort. Full text cross file searching with fast response or intuitive "drill down" into the content Presentation-ready tables and graphics with "one click" output to other packages such as MS Excel™ and MS PowerPoint™ View all tables and graphs independently from the text Split screen for more efficient working Instant machine translation into nine languages A "Cut your own" report building feature Pdf downloadThis report is also delivered in your choice of pdf or print formats
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