Industry Analysis & Industry Trends
During 2011, the Medical, Surgical and Veterinarian Instruments Manufacturing industry is forecast to account for about 4.0% of China's total medical and pharmaceutical products manufacturing sector in terms of sales revenue.
The industry's main drivers in recent years include substantially increasing domestic demand, strong and steady export increases, technology advancements, the development of new products, healthcare sector reforms and the development of China's social security system.
After 2005, the industry's profit margins started to decline, mainly due to rising raw material costs, intense competition among the industry's major companies and government regulations (public bidding for hospital purchasing).... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the five years through 2011, industry value added is expected to increase at an annualized rate of 25.9%, which is much higher than China's average GDP growth rate over the same period, at about 10%.
Employment numbers increased from about 65,173 in 2006 to a forecast 112,066 in 2011. This represents an annualized growth rate of 11.5%, which is relatively high for a manufacturing industry.
Domestic manufacturers can produce high-quality products with very low costs, which provides them with competitive advantages of price in international competition. China has become the most important exporters to Japan, the United States and Europe.
Currently, the general level of medical charges in China is much higher than people's ability to pay, especially in rural areas... purchase to read more