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Reportlinker Adds The Outlook for Medical Devices in North East Asia
Date:6/21/2011

cular have strong domestic manufacturing capabilities, especially for modern high-tech medical devices, but these countries continue still to rely heavily on imports to meet its demand.

China's big challenge

China's healthcare provision is somewhat lacking when compared to the other three countries, but it remains one of the fastest growing countries in the world, expanding at a rate of 9.1% in 2008. This growth rate, along with the other countries, will be impacted by the global economic downturn, but compared to some other industries, the healthcare sector will not be as adversely affected as it based on strong fundamentals. The medical device sector growth continues to be backed by actual, and not artificial, demand which is not likelyto change significantly. The Chinese government, in January 2009 for example, have publicly pledged to spend 850 billion yuan (US$123 billion) by 2011 to provide a universal primary medical service for the country's 1.3 billion people.

China

-China has the world's largest population. In 2008, it was officially estimated at 1,328.0 million.

-The Chinese government plans to expand the health insurance programme to cover all rural residents. Urban health insurance is already well established and the government plans to cover all urban dwellers, including the unemployed and children, by 2010.

-The Chinese medical device market is largely supplied by imports or products made locally by multinational joint ventures, especially at the higher end of the technology scale.

-The regulatory system has been notoriously difficult to negotiate successfully. In an attempt to remedy this, revisions to the registration process have been implemented.

Japan

-The USA and Germany are the only countries to import more medical equipment than Japan, Conversely, Japan is the eighth highest exporter of medical devices in the world.

-A rapidly ageing
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SOURCE Reportlinker
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