The U.S., Germany and Japan Became Top Overseas Suppliers for Chinese Medical Device Market in 2011, Informs Visiongain
11 Oct 2012 • by Natalie Aster
China is integral to the overall growth of the global medical devices market. This is because the market in China is primarily import-driven, and with the country's GDP growing at a rate of 10% per annum, there will be increased demand for imported medical equipment, especially from westernised countries that dominate the global market. The Chinese medical device industry relies heavily on imports of high-end equipment manufactured by large multinational corporations (MNCs). The US, Germany and Japan were the top three overseas suppliers for the Chinese medical device market in 2011. Local, domestic manufacturers mostly produce low-end, disposable, mass market equipment, such as laboratory gloves.
In recent years, the import market has slowed as more local domestic companies emerged and foreign manufacturers increasingly establish a local Chinese presence. The marketplace has also witnessed much consolidation in recent years either through merger and acquisition (M&A) activity or joint ventures. For instance, Medtronic, the world's largest medical technology company, is in partnership with Shandong Weigao, a local manufacturer and distributor of single-use medical devices. This joint venture allows Medtronic to further strengthen its presence and reputation in China, while also allowing Weigao to further broaden its business and raise R&D capability. Further joint ventures in the future between companies are expected as industry giants continue to seek entry into the Chinese marketplace, especially as local companies can provide business contacts, tailored products and local knowledge of product regulations.
“Chinese Medical Device Market Outlook 2012-2022” examines this sector through a comprehensive review of information sources. The report provides sales forecasts, market share analyses, discussions of technological developments and analyses of commercial drivers and restraints, including SWOT analysis. There are 51 tables and figures included. The result is a comprehensive market, and industry-centred study, with detailed analyses and informed opinion to benefit your work.
Chinese Medical Device Market Outlook 2012-2022
Published: August, 2012
Price: US$ 2.739,00
Visiongain consulted widely with industry experts and full transcripts from these exclusive interviews are included in the report. As such, its reports have a unique blend of primary and secondary sources providing informed opinion. The report provides insight into the key drivers and restraints facing the industry, as well as identifying leading companies. The report also offers an access to a unique blend of qualitative analysis combined with extensive quantitative data including global, submarket and national markets forecasts from 2012-2022 - all highlighting key business opportunities.
More information can be found in the report “Chinese Medical Device Market Outlook 2012-2022” by Visiongain.
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