IBISWorld’s Medical Device Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Analysis & Industry Trends

The Medical Device Manufacturing industry is set to generate $16.9 billion in 2017, up 9.6% from 2016. Industry revenue has been growing at an annualized rate of 15.0% over the five years through 2017, stimulated by the increasing purchasing power of hospitals, improvements in living standards and therefore demand for medical diagnoses, technology upgrades in hospitals, requirements for higher quality products and the development of China's western regions.

Domestic demand is set to increase by 9.2% in 2017, with imports accounting for an estimated 34.9% share. Hospitals, especially large ones in China's developed cities, have significant preferences for foreign diagnostic equipment...

Industry Report - Industry Analysis Chapter

The Medical Device Manufacturing industry has developed rapidly during the five years through 2017, with revenue growth averaging 15.0% annually over the period. In 2017, revenue is set to grow 9.6% to $16.9 billion.

Healthcare reform over the past five years emphasized medium- and small-sized hospitals, with the Chinese government investing large sums in private and county-level hospitals. This has led to strong demand for industry products.

The industry's profit margin is relatively high due to the high technology features of medical devices. The profit margin declined to 9.0% of revenue in 2006 due to increased competition and the rising price of raw materials. It recovered in 2008 and is expected to be 10.4% i..

Additional Insights for the Medical Device Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Device Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Ready access to investment funding
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - General Medical & Surgical Hospitals and Funding (State & Local) - Health Services in the Medical Device Manufacturing industry impact industry performance..

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    Industry Products

    What is the Medical Device Manufacturing Industry?

    Firms in the Medical Device Manufacturing industry in China manufacture medical diagnosis equipment, medical monitoring equipment and medical treatment equipment. Firms in this industry purchase materials (such as metals, plastics, parts and components) and manufacture these inputs to produce items such as computerized tomography (CT), magnetic resonance imaging (MRI), ultrasound and other medical equipment.

    Industry Products
    Computerized tomography (CT) equipment
    X-ray equipment
    Ultrasound equipment
    Magnetic resonance imaging (MRI) equipment
    Endoscopes and medical nuclear equipment
    Laser medical equipment and electronic medical equipment
    Gamma-ray medical equipment
    Other medical equipment
    Industry Activities
    Ultrasound equipment
    Laser equipment
    Medical cryotherapy apparatus
    Medical electronic equipment
    Medical extracorporeal circulation apparatus and blood purification equipment
    Analytical instrument of clinical inspection and diagnosis reagents
    MRI and radionuclide equipment
    Traditional Chinese medical equipment
    Medical high energy radiation equipment

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Downstream Demand - General Medical & Surgical Hospitals
  • Funding (State & Local) - Health Services
  • Levels of Health - Private Health Insurance Membership
  • Industry Regulation
  • Industry Systems and Technology - Medical Equipment and Supplies Manufacturing
  • Service Prices - Health Services

  • Current Performance
  • Domestic demand
  • Imports and exports
  • Chart: Revenue Growth

  • Industry Outlook
  • Imports and exports
  • Table: Medical Device Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Device Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • General Hospitals
  • Traditional Chinese Medicine Hospitals
  • Health Clinics
  • Plastic Surgery Hospitals

  • Key Selling Industries
  • Electrical Equipment and Machinery Manufacturing
  • Manufacturing

  • Products & Services
  • Computerized tomography (CT) equipment
  • X-ray equipment
  • Ultrasound equipment
  • Magnetic resonance imaging (MRI) equipment
  • Endoscopes and medical nuclear equipment
  • Laser medical equipment and electronic medical equipment
  • Other medical equipment
  • Gamma-ray medical equipment
  • Chart: Medical Device Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Government regulations
  • Household disposable income and the aging population
  • Technological change
  • Demand from downstream industries
  • The price of medical equipment
  • Financing packages
  • Currency fluctuations

  • Major Markets
  • General hospitals
  • Health centers
  • Specialized hospitals
  • Maternal and child healthcare hospitals
  • Traditional Chinese medicine hospitals
  • Other
  • Chart: Major Market Segmentation for the Medical Device Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases and depreciation
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Medical Device Manufacturing

  • Basis of Competition
  • Price
  • Product quality
  • Service
  • Technological efficiency and innovation
  • Chinese versus foreign firms
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Device Manufacturing Industry

  • Industry Globalization
    Major Companies
    GE HealthcareShenzhen Mindray Bio-Medical Electronics Co., Ltd.Siemens Ltd., China Medical Solutions GroupShinva Medical Instrument Co., Ltd.China Resources (Holdings) Co. Ltd.
  • Table: GE Healthcare - financial performance
  • Table: Shenzhen Mindray Bio-Medical Electronics Co., Ltd. - financial performance
  • Table: Siemens Ltd., China Medical Solutions Group - financial performance
  • Table: Shinva Medical Instrument Co., Ltd. - financial performance
  • Table: China Resources (Holdings) Co. Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Device Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Medical Device Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • A technique that uses an extremely cold liquid or instrument to freeze and destroy abnormal skin cells that require removal.
  • Endoscope
  • An instrument for visually examining the interior of a body canal or a hollow organ such as the colon, bladder, or stomach.
  • Extracorporeal Circulation
  • The circulation of blood outside the body, through a hemodialyzer, for the removal of substances usually excreted in urine.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Medical Device Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Device Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Device Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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