China's Total Trade Volume of Medical Apparatus and Instruments in 2006 Was US$10.55...

China's Total Trade Volume of Medical Apparatus and Instruments in 2006 Was US$10.55 Billion

DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c92355) has announced the
addition of "China Medical Device Industry & Listed Company Report,
2008" to their offering.

China is a large medical apparatus and instruments producer in
both Asia and the world. China, as one of the top ten emerging markets
in the world's medical apparatus and instruments industry, had a
market capacity in 2006 exceeding CNY60 billion. According to the
development plan for the medical apparatus and instruments industry
during the period 2006-2010, issued by the former State Economic &
Trade Commission, the total output value of China's medical apparatus
and instruments industry is expected to reach CNY150 billion in 2010,
accounting for 5% of the world total, and China's market share in the
world is expected to reach 25% in 2050, making China a world
first-class, powerful medical apparatus and instruments producer. In
2007, China initiated the reform on its medical system. According to
the reform plan, China will expand its capital expenditure in the
infrastructure network of public health, implying a big market space
for medical apparatus and instruments producers.

According to the statistics of the General Administration of
Customs of China, China's total trade volume of medical apparatus and
instruments in 2006 was US$10.55 billion, up 17.57% year-on-year, of
which the exports valued at US$6.87 billion, up 28.58% year-on-year
and the imports valued at US$3.68 billion, up 1.37% year-on-year. In
2007, China's total trade volume of medical apparatus and instruments
reached US$12.7, more than four times US$2.95 billion posted in 2000,
of which the imports valued at US$4.28 billion, more than three times
US$1.31 billion recorded in 2000, and the exports valued at US$8.42
billion respectively, more than five times US$1.64 billion posted in
2000.

At present, about 70% of China's high-end medical apparatus and
instruments market is dominated by transnational corporations.
Companies like GE, Siemens and Philips have the outstanding
competitive advantages in the high-end market. Take radiation
diagnosis device as an example, the U.S.'s GE, German's Siemens and
the Netherlands' Philips have a higher market shares in CT, MRI device
and angiogram device respectively. Manufacturing capability of Chinese
companies in software development and precision electronic equipment,
which is being increasingly enhanced, is gradually breaking the
monopoly of foreign companies and creating a group of excellent
companies, engaged in the production of medical apparatus and
instruments, including Shenzhen Mindray Bio-medical Electronics Co.,
Ltd, Jiangsu Yuyue Medical Device Co., Ltd and Shandong Xinhua Medical
Instrument Co., Ltd.

Topics Covered:

- China Medical Apparatus & Instruments Industry

- China Medical Apparatus & Instruments Market Segments

- Key Manufacturers

- Conclusions and Viewpoints

Companies Mentioned:

-Hangwei GE Medical System Co., Ltd

-Shenzhen Mindray Bio-medical Electronics Co., Ltd

-Jiangsu Yuyue Medical Device Co., Ltd

-Shenyang Neusoft Digital Medical Device Co., Ltd

-Siemens Shanghai Medical Equipment Co., Ltd

-Shandong Xinhua Medical Instrument Co., Ltd

-Beijing Wandong Medical Equipment Co., Ltd

-Omron Dalian Co., Ltd

-Rexton (Suzhou) Hearing Systems Co. Ltd

-Knowles Electronics (Suzhou) Co., Ltd

-Double-Dove Group Co., Ltd

-Shandong Zibo Shanchuan Medical Instrument Co. , Ltd

-Tai'erMao Medical Products (Hangzhou) Co., Ltd

For more information, visit
http://www.researchandmarkets.com/reports/c92355

Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax: +353 1 4100 980

Copyright Business Wire 2008