Over the past five years, revenue for the Medical and Veterinary Instrument Manufacturing industry has been increasing at an annualized rate of 7.6% to $18.7 billion in 2018.The industry's main drivers in recent years include substantially increasing domestic demand, strong and steady export growth, technology advancements, the development of new products, healthcare sector reforms and the development of China's social security system.After 2005, the industry's profitability began to decline, mainly due to rising raw material costs, intense competition among the industry's major companies and the government's implementation of public bidding for hospital purchasing...purchase to read more.

Industry Report - Industry Key Buyers Chapter

In 2018, the top four players in this industry are expected to account for about 14.3% of total industry revenue, which represents a low industry concentration level. This low level is consistent with the industry being in the growth phase of its life cycle.The industry concentration level has shown a declining trend in recent years; the top four companies had a combined market share at 31.0% in 2005. This decline is mainly due to the development of other companies and the growing number of new entrants to the industry. While the top four players achieved economies of scale, other major players also developed rapidly and gained greater market share. Industry concentration is expected to remain steady in the near future...purchase to read more.

Additional Insights for the Medical & Veterinary Instrument Manufacturing Industry

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

  • Having an extensive distribution/collection network
  • Ready access to investment funding
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - General Medical & Surgical Hospitals and Level of Health - Percentage (%) of population with health insurance in the Medical & Veterinary Instrument Manufacturing industry impact industry performance..

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    What's in this report

    What is the Medical & Veterinary Instrument Manufacturing Industry?

    The Medical and Veterinary Instrument Manufacturing industry manufactures a wide range of medical instruments used for surgery in hospital emergency rooms, treatment rooms, doctors' offices and other medical facilities for operations, medical diagnosis, treatment and other purposes.

    Industry Products
  • Instruments for common diagnosis
  • Catheter tubes
  • Instruments for infusion and blood transfusion
  • Instruments for operations
  • Instruments for injections and punctures
  • Instruments for respiration support, anesthetization and suction
  • Instruments for blood collection
  • Other medical, surgical and veterinarian instruments
  • Industry Activities
  • instruments for medical operations
  • instruments for injections and punctures
  • instruments for common diagnosis
  • instruments for infusions, blood collection and blood transfusions
  • instruments for respiration support, anaesthetization and suction
  • instruments for contraception
  • instruments for TCM (traditional Chinese medicine) treatment
  • instruments for veterinary uses
  • instruments for artificial insemination
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Demand - General Medical & Surgical Hospitals
  • Level of Health - Percentage (%) of population with health insurance
  • Household Disposable Income
  • Industry Growth - Health and Community Services
  • Levels of Health - Number of Hospital Visits - Total

  • Current Performance
    International trade and profitEnterprises, employment and wagesDomestic enterprises and regulations
  • Chart: Revenue Growth

  • Industry Outlook
    Demand, exports and importsEnterprises and establishments
  • Table: Medical & Veterinary Instrument Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • General Hospitals
  • Traditional Chinese Medicine Hospitals
  • Plastic Surgery Hospitals

  • Key Selling Industries
  • Basic Plastics and Synthetic Resin Manufacturing
  • Metal Cutting Machine Tool Manufacturing
  • Plastic Board, Pipe & Sheet Manufacturing
  • Steel Rolling

  • Products & Services
  • Instruments for common diagnosis
  • Catheter tubes
  • Instruments for infusion and blood transfusion
  • Instruments for operations
  • Instruments for injections and punctures
  • Instruments for respiration support, anesthetization and suction
  • Other medical, surgical and veterinarian instruments
  • Instruments for blood collection
  • Chart: Medical & Veterinary Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Healthcare coverage
  • Aging population
  • Incidence of disease
  • Pricing
  • Household disposable income
  • Healthcare insurance coverage

  • Major Markets
  • General hospitals
  • Wholesalers and retailers
  • Exports
  • Health centers
  • Specialized hospitals
  • Others
  • Traditional Chinese medicine (TCM) hospitals
  • Maternal and child healthcare hospitals
  • Chart: Major Market Segmentation for the Medical & Veterinary Instrument Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and utilities
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Medical & Veterinary Instrument Manufacturing

  • Basis of Competition
  • Price
  • Product quality
  • Marketing networks
  • Branding
  • Technological innovation
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical & Veterinary Instrument Manufacturing Industry

  • Industry Globalization
    Shandong Zibo Shanchuan Medical Instrument Co., Ltd., Yuyue Medical Equipment Co., Ltd., OMRON (China) Co., Ltd., Double-Dove Group Co., Ltd., Terumo Medical Products (Hangzhou) Co., Ltd.,
  • Table: Shandong Zibo Shanchuan Medical Instrument Co., Ltd. - financial performance
  • Table: Yuyue Medical Equipment Co., Ltd. - financial performance
  • Table: OMRON (China) Co., Ltd. - financial performance
  • Table: Double-Dove Group Co., Ltd. - financial performance
  • Table: Terumo Medical Products (Hangzhou) Co., Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical & Veterinary Instrument Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Medical & Veterinary Instrument Manufacturing Industry
    Includes: Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Catheter Tube
  • A hollow flexible tube used for drainage of urine from the bladder through the urethra or insertion through a blood vessel into the heart for diagnostic purposes.
  • Ergometer
  • An instrument for measuring the amount of work done by a muscle or group of muscles.
  • Incidence
  • The number of new cases of a disease during a given time interval, usually one year. It can be expressed as a proportion or as a rate.
  • New Rural Cooperative Medical Care System
  • A program sponsored by the Chinese government available to rural citizens. Covered citizens can be refunded a percentage of their medical expenses.
  • Sever Acute Respiratory System (Sars)
  • A viral pneumonia that can progress to respiratory failure and is often characterized by high fever, malaise, dry cough, and shortness of breath.
  • Stethoscope
  • An instrument used for auscultation, or listening to sounds produced by the body. It is used primarily to listen to the lungs, heart, and intestinal tract.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Medical & Veterinary Instrument Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
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    This report on Medical & Veterinary Instrument 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 & Veterinary Instrument 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 & Veterinary Instrument Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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