CHINA - Medical Device Industry and Demographic Data

Shown below you will find some basic demographic and economic data, plus information specific to the medical device and healthcare industry.

Capital city: Beijing

Total area: 9596960 km²

Population: 1.33 billion

Structure of population:
0-14 years: 20.1%
15-64 years: 71.9%
65 years and over: 8%

Currency: Renminbi (also referred to as the Yuan)

Language: Chinese

Healthcare expenditure: $278 per capita (2003 data)

Number of hospitals: 19246 (13120 general hospitals; 2625 traditional Chinese medicine hospitals; 3022 specialized hospitals) - 2006 data

Medical device industry: In 2007 China's medical equipment market was estimated at about $3.7 billion. The annual growth is expected to be between 12 and 15 %. In 2007, China imported $1.9 billion in medical devices, from which $580 million came from the US, $350 million from Germany, and $330 million from Japan. These three countries account for about 65 % of the total imports. There is a small scale of locally-owned high-tech medical equipment manufacturers. There are many multinational companies that have their manufacturing facilities located in China. Opportunities: computed radiography, X-ray systems, MRI, diagnostic devices for cardio-pulmonary disease, gynecological devices, medical devices for care and rehabilitation (one of the fastest growing market).