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 Analysis Chapter
In the five years to 2014, revenue for the Medical Supplies Manufacturing industry in China is expected to grow at an annualized rate of 23.6% to $27.5 billion. Domestic demand has been increasing at an annualized rate of 25.3% during this period.
Profit as a share of total industry revenue is expected to be 10.2% in 2014, up from 8.0% in 2007. Industry manufacturers have been strengthening cost controls and using advanced technology to improve productivity over the past five years. However, higher quality standards imposed by the government, rising prices of raw materials and price competition among players has had a negative effect on profitability over the period.
Employment and wages
Revenue growth was extremely high in 2009 and 2011 at over 30.0% a year... purchase to read more