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New medical device catalog to drive growth for domestic suppliers in ChinaSeptember 28, 2015In May 2014, the National Healthcare and Family Planning Commission (NHFPC) launched the ‘Excellent Domestic Medical Device Selection’ program. This is the first government approved open selection of domestic medical devices in China in order to form the ‘Excellent Domestic Medical Device’ catalog. In such a large potential medical electronics industry, fighting for more market share for local brands will always be a core focus of the Chinese government creating an increasingly challenging environment for multinational suppliers.
CMP - A new positive signal for local medical device suppliers in China?July 07, 2015The recently announced China Medical Device Procurement Public Service Platform (CMP) is set to transform the medical equipment market in China. Benjamin Niu (lead analyst for the Chinese medical device market at IHS) attended the 2015 Health Industry Summit (tHIS) in May this year. Opening to crowds of over 210,000 visitors from over 150 countries, tHIS is the largest healthcare show in Asia. And the CMP was a clear focus.
Growing focus on medical digitalization driving growth in the Chinese healthcare IT marketJuly 07, 2015At the recent 2015 Health Industry Summit (tHIS) one trend was evident. China is accelerating towards the golden age for medical digitalization. Benjamin Niu, medical electronics and healthcare IT analyst for IHS, forecasts that in 2016, the total investment on medical digitalization will come to 34 billion RMD fueling expansion and implementation of healthcare IT systems in China.
Hospital Overcrowding to Spur New Opportunities for Medical Technology Market in ChinaApril 15, 2015The rapid expansion of healthcare spending in China has led to improved healthcare facilities increased patient access. As a result, pressure on large metropolitan hospitals has intensified. Overcrowding is now increasingly common in large hospitals, putting at risk China’s target to achieve the 90% patient in-county-visit rate by 2020.
China Remains High Growth Market Despite Shift in Product MixJune 03, 2014The impact of the Chinese government’s 2012 healthcare reform plan on the ultrasound market will be the largest growth driver for the Chinese market. Plans to construct a new network of Tier 2 county-based hospitals, paired with the replacement of ultrasound systems in metropolitan Tier 3 hospitals, will also figure in the robust growth equation, driving annual revenue expansion above 10 percent for the next four years.
Impact of GSK Corruption Case to Soften Chinese Medical Device Market in 2014February 26, 2014A swathe of anti-corruption government action stimulated by the GSK bribery case of 2013 has been launched. Here our Chinese specialist, Benjamin Niu, outlines the key impacts of this new regulation on the rapidly evolving and substantial Chinese medical devices market in 2014.
Growing Use of Public-Acess Defibrillation Boosts Defibrillator MarketFebruary 12, 2014It has been announced that Canada’s Peel District School Board will be installing defibrillators across its elementary and secondary school sites. This is one of many programs implemented in a growing trend of public-access defibrillation.
Demand for Digital Technology to Boost China X-ray Equipment Revenues 50 Percent by 2017November 14, 2013The Chinese market for X-ray equipment will grow 50 percent from 2012 levels to reach more than $1.5 billion by 2017, according to a new report from IHS (NYSE: IHS). With an 8.3 percent...
China Medical Electronics Set for Bustling GrowthOctober 25, 2013China’s medical electronics market is set for strong double-digit-rate expansion by the end of 2013 and in the next few years ahead, propelled by demand for equipment in a country increasingly beset by First World-type...
Consumer Medical Devices Set for Stable Market GrowthOctober 11, 2013The world market for consumer medical devices will enjoy steady growth in the years ahead as aging populations climb in number and diseases exacting their toll require observation and supervision. Global revenue for ...
China Ultrasound Market Set to Surge More Than 60 Percent Within Five-Year PeriodSeptember 12, 2013Strong demand is predicted during a span of five years for ultrasound equipment in China thanks to the positive impact of the nation’s healthcare reform, pushing the ultrasound...
Global Shipments of Combined Interventional X-Ray Systems to Grow 50 Percent by 2017July 30, 2013With healthcare systems still reeling from widespread economic challenges, capital-intensive medical equipment markets like interventional X-ray have suffered. However, new systems...