Healthcare Technologies Resource Guide - Export.gov

People’s Republic of China
Summary
China is now the world’s 2nd largest market for medical equipment. It offers
significant potential for U.S. companies interested in expanding into the
Chinese market with the huge demand for better healthcare services driven by
increasing aging population and improved medical insurance coverage. While
the Chinese medical device companies provide low to mid-range technology
and products, they generally lack the expertise and experience deemed
appropriate by Western standards. The Chinese also view foreign medical
device companies as more credible than their Chinese counterparts. The
Chinese healthcare market is poised to be explored by those foreign enterprises
interested.
Market Entry
According to statistics from World Trade Atlas (China Customs), by the end of
2011, China’s import and export value reached US$21.6billion, an increase of
23% over 2010. Please see the top three countries in the import and export of
medical equipment to China from 2010 to 2011. It shows that U.S. is the top
exporter of medical devices to China, accounting for over 30% of the total
followed by Germany and Japan:
Country/
Region
Medical Device Import Value
(in USD billions)
Statistics
Capital: Beijing
Population: 1.35 billion
(est. 2011)
GDP: USD 7.212 billion
Currency: Renminbi (Rmb)
Language: Mandarin Chinese
U.S. Commercial Service Healthcare Technologies Resource Guide | 2012–2013
Contact—Beijing
Shuyu Sun
Senior Commercial Specialist
shuyu.sun@trade.gov
8610-8531-3946
Contact—Shanghai
Lynn Jiao
Commercial Specialist
lynn.jiao@trade.gov
86-21-6279-8750
Medical Device Export Value
(in USD billions)
2010 Share % 2011 Share % 2010 Share % 2011 Share %
World 7.17 100 8.54 100 10.39 100 13.06 100
U.S. 1.79 32 2.06 30 3.59 33 4.43 32
Germany 0.5 8 0.62 7 1.8 18 2.34 19
Japan 2.83 8 0.96 8 1.68 14 2.07 14
Source: World Trade Atlas (China Customs). HS Code: 9018, 9019, 9020, 9021, 9022,382200,902780,902750,902730,902720
Current Market Trends
China is the most promising medical device market in the world. Its annual
growth rate has been at 15% to 20% depending on products. Based on the
BMI (Business Monitor International) report, China’s medical equipment
market reached a total size of RMB117 billion (US$18.2 billion) in 2011. Major
Contact—Guangzhou
Lena Yang
Commercial Specialist
lena.yang@trade.gov
86-20-8667-4011 x612
Contact—Chengdu
Ling Chen
Commercial Specialist
ling.chen@trade.gov
86-28-8558-3992 x6567
19