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 SWOT Analysis Chapter
In the ten years from 2009 to 2019, industry value added is expected to increase at an annualized rate of 16.9%, much higher than China's GDP growth during this period of about 7.3%. Furthermore, the number of enterprises in the industry has grown rapidly, from 672 in 2009 to an estimated 831 in 2014, with an annualized growth rate of 4.3%.
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 such, China has become the largest exporter of medical materials and supplies to European countries... purchase to read more