China medical electronics revenue seen doubling by 2016

PARIS – China's medical electronics industry is expected to almost double its revenue through 2016, according to market researcher IHS iSuppli China Research.

Medical electronics was a $4 billion industry in China during 2011, up 19.6 percent on a year-over-year basis. IHS said it expects revenues to reach $4.8 billion this year, up 18.4 percent. Benefiting from recent government policies, the market is expected to reach $7.4 billion by 2016, equivalent to a five-year compound annual growth rate of 13 percent, the market researcher said.

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Beijing has recently implemented a series of policies as part of its Five-Year Plan for the Medical Device & Equipment Industry.

China's 2010 Health Strategy Research Report, issued by the Ministry of Health, said overall spending on public hygiene is expected to represent as much as 7 percent of China's gross domestic product by 2020, which amounts to approximately $63.5 billion.

Meanwhile, IHS said R&D investments among domestic firms are increasing, and leading Chinese companies are shifting from low-end to more sophisticated medical products.


Spending on the consumer medical device market will continue to grow over the next five years, IHS predicted. Revenue for consumer medical devices will increase to $1.1 billion in 2012, up 19 percent compared to 2011.

China's consumer medical devices market will consume semiconductors valued at about $70 million in 2012, representing 28.5 percent of total consumption, the market researcher predicted.

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