The Chinese medical device market: Facts and figures

       According to a study of medical devices market in China, which was conducted by  Episcom Business Intelligence Unit in 2006:
        The Chinese medical device market has been showing strong growth with two digits annual growth rate during the first half of the decade.

♦ China produced about 34.4% of the Asia-Pacific market's value.
 ♦ The Chinese medical devices market grew by about 12.9% to reach a value of $13.7 billion. The annual growth rate of the market in the period 2002-2006 was 14.9%.
 ♦ Disposable equipment sales generated 46.4% of the market's share, while opthalmic equipment owned  27.6% of the market's revenues.
 ♦ The threat of new entrants of this market is very strong. The rapidly growing Chinese economy is driving parallel increases in living standards and access to healthcare, which in turn providing significant opportunities for medical device manufacturers.

        Competition is very fierce in the medical equipment and supplies market in China.
Locally-owned production and development of high-tech medical equipment remains largely small-scale but there is a small, but growing number of manufacturers that produce high quality, high-tech goods in China. Perlong Medical Equipment is one of the most prominent medical equipment manufacturers in China.
         The Chinese medical device market showed strong growth with two digits annual growth rate during the first half of the decade.