China has the second largest medical device industry in Asia and ranks 11th in the world, valued at around US$7.5 billion. The sector is expected to grow strongly over the coming years and is estimated to exceed US$1.5 billion by 2008.
The industry is concentrated in larger cities, especially Beijing, Shanghai, Guangzhou and Tianjin.
One-third of all medical equipment is imported from the USA. Around 200 US and other foreign manufacturers have established local production facilities in China over recent years. The dominance of USA suppliers poses the major competitive threat to other int'l exporters entering the Chinese market. However, as most hospitals have the discretionary power in purchasing, exporters who can demonstrate strong technical positions and value-for-money can find a good market in China.
Domestic production of medical devices continues to grow with increased foreign market activity. There are 9000 producers domestically. Typically the local industry products are less sophisticated than imports, and many companies do not manufacture to international standards and regulations. For more information about medical device industry in China, please contact us.
