Industry Analysis & Industry Trends
In 2016, the Medical Supplies Manufacturing industry in China is expected to generate $35.1 billion. This represents an increase of 10.3% from 2015 and average annualized growth of 16.0% over the past five years. Profit as share of total industry revenue is expected to be 9.2% in 2016.
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 Good Manufacturing Practice (GMP) 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 Key Buyers Chapter
In 2016, the top four companies in this industry account for about 26.0% of total industry revenue, which represents a low industry concentration level.
The industry concentration level has increased steadily in recent years – from about 15.9% in 2005 – mainly due to the expansion of production capacity and the introduction of more advanced manufacturing facilities and equipment by large players. In addition, some major players have been expanding by purchasing smaller firms. After several years of intense competition, these top firms have established their own brand names and extensive marketing networks, which allow them to further increase market shares. Maj.. purchase to read more