The Medical Device Manufacturing industry is set to generate $14.4 billion in 2015, up 12.3% from 2014. Industry revenue has been growing at an annualized rate of 18.5% over the five years through 2015, stimulated by the increasing purchasing power of hospitals, improvements in living standards and therefore demand for medical diagnoses, technology upgrades in hospitals, requirements for higher quality products and the development of China's western regions.
Domestic demand is set to increase by 10.9% in 2015, with imports accounting for an estimated 38.7% share.
Firms in the Medical Device Manufacturing industry in China manufacture medical diagnosis equipment, medical monitoring equipment and medical treatment equipment. Firms in this industry purchase materials (such as metals, plastics, parts and components) and manufacture these inputs to produce items such as computerized tomography (CT), magnetic resonance imaging (MRI), ultrasound and other medical equipment.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.