Industry Analysis & Industry Trends
The Medical Device Manufacturing industry is forecast to generate revenue of $7.07 billion in 2011, up 27.4% from 2010. Industry revenue is expected to grow by an annualized 21.2% over the five years through 2011. Production output and industry revenue growth has been stimulated by an increase in domestic demand and healthcare reforms.
In 2011, exports are forecast to increase by 8.6%, to $1.81 billion. This will equate to 25.7% of industry revenue, down from a peak of 48.3% in 2008. Domestic demand is forecast to increase by 26.0% in 2011, with competing imports accounting for about 40.4% of domestic demand. The level of technology used by the large industry players has improved, driving growth in exports and domestic demand.... purchase to read more
Industry Report - Industry Products Chapter
Various types of diagnosis equipment are the main items manufactured by this industry. Within this group, imaging diagnosis equipment are the main products.
Computerized tomography (CT) equipment is the largest product segment and is expected to account for 21% of total industry revenue in 2011. This segment has experienced rapid growth of around 15% to 20% a year since 2001. In 2010, 11,242 units of CT equipment were used in China, an average 8.6 units per million citizens, which is much lower than the penetration rate in developed countries. It is forecast that the segment will grow at rates from 9% to 13% during the outlook period.
The second-largest segment is the x-ray equipment segment, which accounts for an estimated 18.5% of industry revenue in 2011... purchase to read more