The size of Chinese medical device market is expected to reach 340 billion RMB by 2015, moving at a speed of an average yearly compound increasing rate of 23%.
Among tens of thousands of medical devices available in the market, demand to those devices made from polymer material keeps expanding year after year. The polymer material devices designed and manufactured to be small in size, implantable and multipurpose are estimated to be having a yearly increasing rate of 6% until 2018.
12 May, 2014
Shanghai Customs Region Imported RMB4.6b Medical Equipment in Q1 2014
In Q1 2014, Shanghai customs region imported medical devices and equipment valuing RMB 4.62 billion, resulting in an increase of 7,8% on YoY basis. Among the total import, RMB 1,7 billion was imported from USA (+6,1%), RMB 1,3 billion from EU (-6,2%), and RMB 0,7 billion from Japan (+6%). Import from USA, EU and Japan represents 81% of total import.
In Chinese hospitals, 100% of artificial hip or knee joints, 100% of pace makers and 90% of CT machines are imported. In Q1 2014, around RMB 0,56 billion of endoscopes were imported to Shanghai customs Region.
In Chinese hospitals, 100% of artificial hip or knee joints, 100% of pace makers and 90% of CT machines are imported. In Q1 2014, around RMB 0,56 billion of endoscopes were imported to Shanghai customs Region.
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