Industry Analysis & Industry Trends
In 2015, the Medical Supplies Manufacturing industry in China is expected to generate $31.0 billion. This represents an increase of 11.8% from 2014 and average annualized growth of 22.9% over the past five years. Profit as share of total industry revenue is expected to be 9.2% in 2015.
Products manufactured by this industry are used for medical treatment and are mainly distributed to hospitals and medical institutions. Apart from some dental and suturing materials, most medical supplies manufactured in China are low-end products using low-end technology. However, regulations such as Good Manufacturing Practice (GMP) certification are forcing manufacturers to improve product quality and manufacturing environments, which is expected to result in higher production costs.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 10 years from 2010 to 2020, industry value added is expected to increase at an annualized rate of 14.6%, much higher than China's GDP growth during this period of about 6.5%. Furthermore, the number of enterprises in the industry has grown rapidly, from 693 in 2010 to an estimated 862 in 2015, with an annualized growth rate of 4.5%.
Apart from some dental and suturing materials, most medical supplies manufactured in China are low-end products using low-end technology. Domestic manufacturers can manufacture such products with considerably low costs, which gives them a competitive pricing advantage in international markets. As a result, China has become the largest exporter of medical materials and supplies to European countries... purchase to read more