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Health care industry

China's Medical Apparatus and Equipment Industry Surges by 33.71% in the First Half of 2005

Strategic Insights

— 1 min read

China's medical apparatus and equipment industry achieved remarkable growth in the first half of 2005, with exports valued at US$1.632 billion, a significant increase of 33.71% year on year. This industry played a crucial role in China's medicines and health products export market, accounting for 22.36% of the total value of exports. The growth was largely driven by foreign-funded enterprises, which became a main force in the industry, accounting for 44.74% of the total export value.

Key Takeaways:

  • China's medical apparatus and equipment industry achieved US$1.632 billion in exports in the first half of 2005, representing a 33.71% year-on-year growth.
  • Foreign-funded enterprises played a dominant role in the industry, accounting for 44.74% of the total export value.
  • Midsize and small medical apparatus showed high competitiveness in the international market, with massaging devices accounting for 14.73% of the total export value.
  • The top three export markets for China's medical apparatuses and equipment industry were the United States, Japan, and Germany, generating US$384 million, US$281 million, and US$89.71 million in export value, respectively.
  • Private enterprises in China began to hold their own IPR for high-tech medical equipment, with some acquiring CE and FDA certification.
  • Key technologies in the industry were still monopolized by foreign enterprises, with a significant portion of exports composed of low-to-medium technology products.

Statistics:

  • Export growth rate: 33.71% year on year
  • Total export value: US$1.632 billion
  • Foreign-funded enterprises' share: 44.74% of total export value
  • Massaging devices' export value contribution: 14.73% of total export value
  • United States market export value: US$384 million
  • Japanese market export value: US$281 million
  • German market export value: US$89.71 million
  • Year-on-year growth of export value to Germany: 105.71%

Sources:

  • China Chamber of Commerce for the Import and Export of Medicines & Health Products
  • Xinhua News Agency (XIC)
  • Asia Pulse
  • Various Chinese government ministries and industry associations

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