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The Medical Device Market: China
Date:10/30/2013

ted heavily to the construction of thousands of hospitals, healthcare centres, clinics and this will inevitably lead to spending on capital goods, most notably medical devices, equipment and furniture at an unprecedented rate in a relatively short space of time. In 2012, the central government alone invested CNY 24.3bn (US$3.9bn) to improve health service infrastructure.

The medical device market is estimated at just under US$17.1bn in 2013. This makes China the fourth largest market in the world and the second largest in Asia behind Japan. In per capita terms, however, the market is far from rich. Per capita spending in 2013 is estimated at US$12.6. For the 2013-18 period, Espicom estimates market growth will continue to average 20% per annum in local currency, equivalent to a US dollar CAGR of 18.7%, making China one of the fastest growing markets in the world. High rates of growth are not uncommon in the Asian region, but on the back of a huge market size, China's growth is particularly pronounced.

Imports have grown very strongly during recent years, rising by 20.7% in 2012 to reach US$10,329.0mn.

All product categories posted strong growth during the period led by orthopaedic & prosthetic products.

PROVIDING STRATEGIC MARKET ANALYSIS EVERY MONTH Espicom's highly-regarded world medical technology and device market research reports provide enhanced strategic intelligence in a user-friendly format. Each report provides in-depth information, setting the medical equipment market in context. The reports provide:

Unique projected estimates of market size and growth for 33 equipment categories Five year statistical data for key economic and healthcare indicators Information on regulation, distribution and market access, including Espicom's unique distributor directory Detailed Medical trade data Da
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