Chinese Healthcare spending has risen from $90.8bn in 2004 to reach $590.2bn across 2014, a ten-year CAGR of 20.6%. With increased governmental spend on healthcare, and increasing levels of income for many Chinese citizens, healthcare spend per capita’ is also expected to increase significantly across 2015-2025.
Key growth drivers highlighted within ‘The Chinese Medical Devices Market to 2025’ include; growing customer base, in terms of both increased population and increased numbers of health centres; expanding health insurance; a considerable geriatric population (200m people) and increased incidences of ‘lifestyle’ / non-communicable diseases.
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Key restraints in the Chinese Medical devices market include; a fragmented distribution network, that mean that the majority of foreign (non-Chinese) market entrants have had to acquire an existing Chinese medical device manufacturer to gain full market accessibility; variable intellectual property rights /patent protection laws; and differing reimbursement policies.
‘The Chinese Medical Devices Market to 2025’ report concludes with the competitive landscape and Company Profiles of key market players in this market, as of 2015. The market players profiled in this report include GE Healthcare, St. Jude Medical, Medtronic, Stryker, Johnson & Johnson and Boston Scientific. This report also includes the transcript of an exclusive interview with Siemens Healthcare.
Companies included in this report are:
- Alibaba Group
- Beijing Aerospace Zhongxing Medical System,
- Beijing Choice
- C. R. Bard Inc.,
- China Foreign Trade Development Company
- China Ministry of Human Resources and Social Security
- GMR Data
- Devon Medical Products
- Johnson & Johnson
- Shandong Weigao Group Medical Polymer Co. Ltd.
- Shanghai Apex Electronics
More reports on Medical devices are available at http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices .
Clinical assistance services have improved considerably over the years with advancement in technology. The evolution in medical technology and devices has led to breakthroughs in patient care levels. Some of the new technologies include the minimal invasive or the non-invasive medical technologies which reduce the recovery time of the patient. This is also cost-effective for the patients. Various medical devices like the telemedicine device and drug eluting stents have proven to be very beneficial.
Some of the reports are:
United States Small Bone and Joint Orthopedic Devices Industry Report 2015
United States Pregnancy Detection Kit Industry Report 2015
United States Laparoscopic Device Industry Report 2015
United States Intrauterine Contraceptive Devices Industry Report 2015
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