Industry Analysis & Industry Trends
In 2014 the Medical Supplies Manufacturing industry in China is expected to generate $27.5 billion. This represents an increase of 17.5% from 2013 and average annualized growth of 23.6% over the past five years. Profit as share of total industry revenue is expected to be 10.2% in 2014.
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 GMP (Good Manufacturing Practice) 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 Investment Chapter
This industry is subject to a medium level of capital intensity. For every dollar spent on labor (including wages and R&D and management expenses), about 32 cents are invested in capital.
Manufacturing equipment is installed in factories to produce medical materials and supplies. Given the low value added and low technology of the products, large-scale automatic production can be realized through automated equipment and relatively standard technology.
A large number of workers are employed in the industry with low average wages per employee. In 2014, the average salary for each employee in the industry is estimated at only $561 per month, although this has increased significantly from 2009, when each employee was paid an average of $533 per month... purchase to read more