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CCID Consulting Discusses China's Medical Equipment Market

BEIJING, Nov. 28 /PRNewswire-Asia/ -- CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released its article on China's medical RF equipment market.

In 2007, the rapid development of the China's economy led to an increase in health awareness, which in turn drove the development of medical insurance policies. Benefiting from this, China's medical electronic market enjoyed continuous growth, with its market size reached 24.73 billion Yuan, up 17.3% year-on-year. A breakdown in market segments showed that electronic devices and equipments, RF equipments, ultrasonic equipment, laser instruments and equipments and biochemical analytical instruments were developed along different lines, with medical electronic products occupying the largest market share, an increase in the growth rate of medical RF equipments, and that new prospects were opening up for medical ultrasonic equipment.

    Table: 1 Size of China's Major Medical Electronic Product Market in 2007
                                         Sales Revenue
                                      (100 Million Yuan)  Market Shares
    Product Types
    Electronic Devices and Equipments          129.3          52.3%
    RF Equipment                                51.4          20.8%
    Ultrasonic Equipment                        28.7          11.6%
    Laser Instruments and Equipments            15.3           6.2%
    Biochemical Analytical Instruments          10.6           4.3%
    Others                                      12.0           4.8%
    Total                                      247.3           100%

    Source: CCID Consulting, August 2008

Medical Electronic Products Have the Largest Market Share

In 2007, developments in China's healthcare market, such as the increase in medical institutions, the further subdivision of medical subjects, specialization of medical diagnosis, broadened the requirements for medical electronic products, which include heart, brain, muscle and eye instruments and equipment, monitoring instruments, ECG and physiological oscillographs and recording instruments, blood measurement instruments, electronic temperature and pressure measuring devices. Sales revenue of these equipment reached 12.93 billion Yuan, which accounted for the largest market share of medical electronic products.

The sales revenue of ECG and physiological oscillographs and recording instruments reached 3.04 billion Yuan, which accounted for 23.5% of the total market, the largest market share. The rapid growth of China's hospital beds led to the increase in demand for monitoring equipment. Domestic use of monitoring equipments and long-distance medical care also drove the rapid development of these products. Currently, China's monitor market is in rapid development period. With a rising consciousness in health awareness and improvements in the quality of life for many, medical electronic products made their way to modern Chinese homes. Sphygmomanometer, ECG monitoring equipment and blood glucose meter led the development of domestic application, and became the impetus of the rapid growth of the whole medical electronic market.

    Figure 1: Size and Growth of China's Medical Electronic Apparatus and
              Equipment Market, 2004-2007

     Source: CCID Consulting, August 2008

Medical RF Equipments' Growth Rate Rise Again

In recent years, medical RF equipments which include X-ray, computed tomography scanner and NMR, showed a downslide trend, but in 2007, the market has improved, with the growth has increased to 16.3% from 15.5% in 2006. The major reason is that with related policies' adjustment for medical product purchase and requirements saturation for such products, the growth rate slowed down, but with China's countries' and community health care system's gradual improvement, as basic diagnostic equipment, medical RF equipment market entered into a new round of rapid growth. Aiming at China's national and community health care markets, GE and Siemens developed high performance economic products also led to the rise of requirements and demand.

Common X ray products are the most basic medical diagnostic equipment. Because of the price drop, the products' purchases maintained a high level; with their market share growing rapidly. In 2007, China's CT and MR market requirements have entered a new round of growth. The major reasons are that the purchasing requirements in 2-3 tier cities grew and also hospitals in 1- tier cities upgraded high-end products.

    Figure 2: Size and Growth of China's Medical RF Equipment Market,

     Source: CCID Consulting, August 2008

Medical Ultrasonic Equipment Has Bright Future

Medical ultrasonic equipments include color ultrasonic equipments, black- and white ultrasonic equipments. In 2007, the sales revenue of this market reached 2.87 billion Yuan, up 20.1% year-on-year. The sales revenue of color diagnostic equipment reached 1.79 billion Yuan and the sales revenue of common black-and-white B-ultrasound reached 810 billion Yuan.

    Figure 3: Size and Growth of China's Medical Ultrasonic Equipment Market,

     Source: CCID Consulting, August 2008

Generally speaking, currently, China's requirements for medical ultrasonic equipment have transferred to 2-tier, 3 tier cities, countries' and countries' medical institutions; but affected by high price, this market's potential has not been fully released, with many manufacturers attempting to enter the market just to develop low-end products. Meanwhile, foreign ultrasonic equipments manufacturers such as GE and Philips enlarge their investment in China, which reduces product cost and product price. Under these factors, China's medical ultrasonic equipments price has been dropping continuously so as to promote products' further popularity. Besides, ultrasonic technical continuous progress drives medical ultrasonic equipments to develop, aiming at clearer images and more convenient operation, which stimulates ultrasonic equipments' upgrade and brings more opportunities. Besides, with China's community medical system's gradual improvement, as community medical system's basic hardware facilities, ultrasound equipment market, especially the portable ultrasound presents favorable development, which provides another guarantee for equipment market's further development.

However, the increasing market requirements promote the sales volume of ultrasonic diagnosis apparatus. Because of improved technology and product cost drop, the integrated ultrasonic machine's price is gradually dropping. As for long-term, with the abundant requirements' support, ultrasonic equipment market has bright future.

About CCID Consulting

CCID Consulting Co., Ltd. (hereinafter known as CCID Consulting), the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: 8235.HK), is directly affiliated with China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen, Wuhan and Chengdu, with over 300 professional consultants after many years of development. The company's business scope has covered over 200 large and medium-sized cities in China.

Based on major areas of competitiveness: industrial resources, information technology and data channels, CCID Consulting provides customers with public policy establishment, industry competitiveness upgrading, development strategy and planning, marketing strategy and research, HR management, IT programming and management. CCID Consulting's customers range from industrial users in electronics, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks. CCID Consulting commits itself to becoming the No. 1 advisor for enterprise management, the No. 1 consultancy for government decisions and the No. 1 brand for informatization consulting.

    For more information, please contact:

     Cynthia Liu
     Coordinating Manager
     CCID Consulting Co., Ltd.
     Tel:   +86-10-8855-9080

SOURCE CCID Consulting Co., Ltd.
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