China & North East Asia Medical Device Market Reports

Introduction

Abstract

Summary

Detailed analysis of four health markets which account for 17% of the global medical device market and which present immense potential.

Description

Japan, China, South Korea and Taiwan are ranked among the biggest medical device markets in the world. In 2012, these four countries collectively spent an estimated US$52.7 billion, representing 17.1% of the world market.

Diverse markets, diverse opportunities

These countries are currently undergoing different phases of development, both in overall terms and more pertinently, in the growth of their respective medical device markets.

Japan, South Korea and Taiwan represent highly-developed medical device markets with advanced healthcare systems and high levels of spending, both in the private and public sector. This has inevitably placed a strain on governments, who have in recent years tried to temper escalating spending by introducing various cost containment strategies, including periodical price cuts/reimbursements for medical devices and equipment.

However, spending has continued to rise; key factors being the ageing demographics and the high standards of healthcare the population has grown to expect.

Japan and South Korea, in particular, have strong domestic manufacturing capabilities, especially for modern high-tech medical devices, but these countries continue to rely heavily on imports to meet demand.

China's challenge is different

China's healthcare provision is somewhat lacking when compared to the other three countries, but it remains one of the fastest growing medical device markets in the world, and is projected to expand at a solid 20.2% CAGR in the 2012-17 period.

This growth rate, along with the other countries, will be impacted by the global economic slowdown, but compared to some other industries, the healthcare sector has not been as adversely affected as it is based on strong fundamentals.

The medical device sector growth continues to be backed by actual, and not artificial, demand which is not likely to change significantly in the near future.

Highlights from the Region

China

China has the world's largest population. In 2009, it was officially estimated at 1,334.7 million. The province of Guangdong, in south-central China, had the largest population, with 96.4 million, equal to 7.2% of the total. Eastern China was the most populated region of the country, inhabited by 384.9 million people in 2009. The area includes Shanghai, China's largest city, with a population of 19.2 million. In 2009, the Chinese government committed CNY 850 billion (US$124 billion) to develop the country's healthcare system over a three-year period. The plan is to create a solid platform for universal healthcare access for all by 2020. The Chinese government has expanded the health insurance programme to cover all rural residents. Urban health insurance was already well established, covering nearly all working citizens, and cover has now been extended to all urban dwellers, including the unemployed and children who were not covered previously.

Japan

Japan is the third largest economy in the world behind the USA and China. The medical device market remains the second largest, behind only the USA. Per capita GDP is also high, among the top ten in the world. The USA and Germany are the only countries to import more medical equipment, and Japan is the eighth highest exporter of medical devices in the world. Japan has some of the best vital statistics in the world, including the lowest infant mortality rate and highest adult life expectancy. A rapidly ageing population has burdened the healthcare system both in terms of funding and facilities and is of great concern for the Japanese government. In September 2011, the Ministry of Health said medical spending has continued to rise in line with the ageing population and also blamed the rise on the use of increasingly sophisticated and expensive equipment & technology, such as MRI, CT and endoscopic keyhole surgery.

South Korea

South Korea ranks as one of the world's leading economies, with a population approaching 50 million and overall GDP listed among the top 15 in the world. As a result, much of the population expects a high level of medical care. South Korea has the highest healthcare expenditure of all the 'Asian Tigers', with an estimated 59% funded by the public sector. Almost every citizen is covered by the country's public health insurance system. The government has been forced to implement cost-cutting measures in recent years, owing to a large deficit faced by the healthcare system. Healthcare costs continue to rise, with the country's rapidly ageing population adding upward pressure to total spending. In the first half of 2009 for example, senior citizens accounted for 31.7% of costs covered by the National Health Insurance Corporation (NHIC).

Taiwan

Taiwan is one of the richest countries in the Asia Pacific region. It has a strong healthcare system and the universal health insurance ensures that all citizens have grown to expect a high level of care. That said, like a lot of public welfare systems, the healthcare system is being constrained by rising costs, and a rapidly growing elderly population is adding to this. Health remains a contentious issue in Taiwan. In January 2013, the government introduced the Second Generation Health Insurance Programme, which was postponed from July 2012. Under this programme, insurance premiums were reduced slightly from 5.17% of income to 4.91%. However, an extra 2% premium will be levied on income outside regular salaries formerly not liable for consideration, such as interest, professional fees, rent, stock dividends and bonuses.

These Quarterly Updated Reports Analyse the Issues

The Outlook for Medical Device Markets in North East Asia is published by Espicom Business Intelligence. Each report provides an individual and highly-detailed analysis of each market, looking at the key regulatory, political, economic and corporate developments in the wider context of market structure, service and access. The reports are available individually or as a discounted collection, and the price includes 4 completely updated reports sent quarterly and details of local medical equipment distributors.

About Espicom Business Intelligence

Espicom Business Intelligence is a UK-based company with a 30-year pedigree providing business intelligence on Medical Devices, Pharmaceuticals & Healthcare and Therapeutics across global markets.

Table of Contents

Table of Contents

China Medical Device Intelligence Report Q2 2013

EXECUTIVE SUMMARY

KEY BACKGROUND DATA

• Geographic
• Political
• Economic
• Healthcare System
• Ministry of Health
  • Hospitals
  • Rural Healthcare
  • Healthcare Reform Plan
• Health Insurance
  • Background
  • Medical Insurance to Cover all Urban Citizens
  • New Co-operative Medical Scheme (formerly Rural Co-operative Medical Scheme)
  • Commercial Medical Insurance
  • Red Cross Society of China
• Health Expenditure

MARKET DEVELOPMENTS

• Medical Device Imports Continue to See Sustained Growth
• Medical Device Exports Record More Muted Performance in 2012
• Health Minister Aims to Expand Health Insurance Cover
• Phase 2 of Health Reform Programme Targets Greater Private Sector Participation
• Stryker Acquires Chinese Orthopaedic Device Manufacturer
• Philips to Sell Stake in Diagnostic Imaging Joint Venture
• Terumo Enters Strategic Alliance to Exploit Chinese Renal Denervation Market
• Medtronic Completes Life Tech Purchase, Dissolves Orthopaedic Joint Venture
• Zimmer Signs Agreement to Train Chinese Regulators on Orthopaedic Standards
• New Labelling Requirements for Medical Devices
• Chinese Medical Market Booming
• Domestic Manufacturing Industry Continues to Achieve 20% Growth
• Multinationals Rushing to Exploit New Opportunities in Rural Healthcare Market
• Domestic Manufacturers See Lower Profits Due to Rising Costs

MEDICAL MARKET ANALYSIS

• Overview
• The Market in 2012
• Past Performance 2007-11
• Future Performance 2012-17
• The Chinese Market for Consumables
• The Chinese Market for Diagnostic Imaging
• The Chinese Market for Dental Products
• The Chinese Market for Orthopaedic & Prosthetic Products
• The Chinese Market for Patient Aids
• The Chinese Market for Other Medical Devices

ANNUAL IMPORTS

• Consumables
• Diagnostic Imaging
• Dental Products
• Orthopaedic & Prosthetic Products
• Patient Aids

MONTHLY IMPORTS

ANNUAL EXPORTS

• Consumables
• Diagnostic Imaging
• Dental Products
• Orthopaedic Products
• Patient Aids

MONTHLY EXPORTS

DOMESTIC PRODUCTION

DOMESTIC MANUFACTURING

• Five-Year Development Plan for the Pharmaceutical and Medical Device Industries
• National Manufacturers
  • Andon
  • Guangdong Biolight Meditech
  • Edan Instruments
  • Jiangsu Yuyue
  • Lepu Medical Group
  • Mindray
  • Neusoft Medical
  • Shandong Weigao Group Medical Polymer
  • Shandong Xinhua Medical Instrument
  • Trauson
  • Zhuhai Hokai
• Multinational Manufacturers
  • Agfa
  • Alfresa Pharma Corporation
  • Aloka
  • Asahi Kasei Corp
  • Bayer Schering
  • Baxter
  • Becton Dickinson
  • Beiersdorf
  • Bracco
  • Convatec
  • Covidien
  • Draeger
  • Eastman Kodak
  • Fimet
  • Fresenius Medical
  • GE Healthcare
  • Hitachi Medical
  • Johnson & Johnson
  • Karl Storz
  • Laser Industries, Israel
  • Medtronic
  • Neich Medical
  • Nihon Kohden
  • Omron
  • Philips Healthcare
  • Sakura Finetechnical Co
  • Shimadzu
  • Siemens
  • Siemens Hearing Instruments
  • Smith & Nephew
  • Stryker
  • Terumo
  • Zimmer

MULTINATIONAL ACTIVITY

ACCESSING THE MARKET

• Distribution

MEDICAL DEVICE REGULATIONS

• New Registration Procedures
• Medical Ads Require Approval of Provincial Health Departments
• New Industry Standards for Medical Devices
• New Labelling Requirements for Medical Devices
• Intellectual Property Rights
• Local Manufacturing
  • Clinical Trials
• Ministry of Health Regulations
  • Purchasing
  • Operation

METHODOLOGY & SOURCES

• Trade Code Classifications
• Methodology
• Sources

LIST OF TABLES

• Espicom Analysis of the Chinese Medical Market, 2013
• Economic Projections, 2013-18
• New Rural Co-operative Medical Scheme, 2004-11
• Summary of Key Data, 2007-12
• Top Twenty Suppliers of Chinese Medical Device Imports, 2008-12 (US$000s)
• Leading Destinations for Chinese Medical Device Exports, 2008-12 (US$000s)
• Chinese Medical Device Market, Key Ratios, 2012
• Chinese Medical Device Market by Category, 2012
• Projected Medical Device Market, 2012-17
• The Chinese Medical Device Market, 2007-17 (US$ millions)
• The Chinese Medical Device Market, 2007-17 (US$ per capita)
• The Chinese Medical Device Market, 2007-17 (% of Total)
• The Chinese Medical Device Market, 2007-17 (% Change)
• The Chinese Consumables Market, 2007-17 (US$ millions)
• The Chinese Consumables Market, 2007-17 (US$ Per Capita)
• The Chinese Consumables Market, 2007-17 (% Change)
• The Chinese Diagnostic Imaging Market, 2007-17 (US$ millions)
• The Chinese Diagnostic Imaging Market, 2007-17 (US$ Per Capita)
• The Chinese Diagnostic Imaging Market, 2007-17 (% Change)
• The Chinese Dental Products Market, 2007-17 (US$ millions)
• The Chinese Dental Products Market, 2007-17 (US$ Per Capita)
• The Chinese Dental Products Market, 2007-17 (% Change)
• The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions)
• The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita)
• The Chinese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change)
• The Chinese Patient Aids Market, 2007-17 (US$ millions)
• The Chinese Patient Aids Market, 2007-17 (US$ Per Capita)
• The Chinese Patient Aids Market, 2007-17 (% Change)
• The Chinese Other Medical Devices Market, 2007-17 (US$ millions)
• The Chinese Other Medical Devices Market, 2007-17 (US$ Per Capita)
• The Chinese Other Medical Devices Market, 2007-17 (% Change)
• Summary Medical Imports by Product Area, 2007-11 (US$000s)
• Summary Medical Imports by Product Area, 2007-11 (US$000s % Change)
• Summary Medical Imports by Product Area, 2007-11 (CNY 000s)
• Summary Medical Imports by Product Area, 2007-11 (CNY % Change)
• Summary Medical Imports by Product Area, 2007-11 (% of Total)
• Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s)
• Top 20 Suppliers to the Chinese Market, 2011 (US$000s)
• Detailed Imports of Medical Equipment, 2007-11 (US$000s)
• Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends)
• Detailed Imports, Leading Suppliers, 2011 (US$000s)
• MONTHLY IMPORTS of Medical Equipment (US$ Millions)
• Summary Medical Exports by Product Area, 2007-11 (US$000s)
• Summary Medical Exports by Product Area, 2007-11 (US$000s % Change)
• Summary Medical Exports by Product Area, 2007-11 (CNY 000s)
• Summary Medical Exports by Product Area, 2007-11 (CNY % Change)
• Summary Medical Exports by Product Area, 2007-11 (% of Total)
• Leading Medical Equipment Destinations by Product Area, 2011 (US$000s)
• Top 20 Destinations for Chinese Exports, 2011 (US$000s)
• Detailed Exports of Medical Equipment, 2007-2011 (US$000s)
• Detailed Exports of Medical Equipment, 2007-2011 (Growth Trends)
• Detailed Exports, Leading Destinations, 2011 (US$000s)
• Balance of Medical Trade, 2007-2011 (US$000s)
• MONTHLY EXPORTS of Medical Equipment (US$ Millions)
• Andon Health Revenue and Profit, 2009-2011
• Guangdong Biolight Meditech Revenue and Profit, 2009-2011
• Edan Instruments Revenue and Profit, 2009-2011
• Jiangsu Yuyue Medical Equipment Revenue and Profit, 2009-2011
• Lepu Medical Group Revenue and Profit, 2009-2011
• Shandong Weigao Group Medical Polymer Revenue and Profit, 2009-2011
• Shandong Weigao Group Medical Polymer Revenue by Product Group, 2009-2011
• Shandong Xinhua Medical Instrument Revenue and Profit, 2009-2011
• Trauson Revenue and Profit, 2009-2011
• Trauson Revenues by Product Category, 2010-11
• Wandong Medical Equipment Revenue and Profit, 2009-2011
• Zhuhai Hokai Revenue and Profit, 2009-2011
• Leading Local Manufacturers by Category
• GE Healthcare's Principal Manufacturing Facilities in China
• HS Trade Codes Used in This Report
• HS Trade Codes, Rearranged

LIST OF CHARTS

• Chinese Health Expenditure Per Capita, 2001-2012 (US$)
• Medical Device Manufacturing Output, 2006-2012 (CNY billions)
• Chinese Medical Device Market by Category, 2012 (%)
• Change in the Chinese Medical Device Market, 2007-17 (%)
• CAGR of the Chinese Medical Device Market by Product Area, 2007-11 (%)
• Market Projections, 2012-17 (US$millions)
• Projected CAGR of Medical Device Market by Product Area, 2012-17 (%)
• The Chinese Market for Consumables, 2007-17 (US$ millions)
• The Chinese Market for Consumables, 2007-17 (CAGR)
• The Chinese Market for Diagnostic Imaging, 2007-17 (US$ millions)
• The Chinese Market for Diagnostic Imaging, 2007-17 (CAGR)
• The Chinese Market for Dental Products, 2007-17 (US$ millions)
• The Chinese Market for Dental Products, 2007-17 (CAGR)
• The Chinese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions)
• The Chinese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR)
• The Chinese Market for Patient Aids, 2007-17 (US$ millions)
• The Chinese Market for Patient Aids, 2007-17 (CAGR)
• The Chinese Market for Other Medical Devices, 2007-17 (US$ millions)
• The Chinese Market for Other Medical Devices, 2007-17 (CAGR)
• Medical Equipment Imports, 2003-11 (US$ millions)
• Change in Medical Equipment Imports, 2003-11 (%)
• CAGR of Medical Imports by Product Area, 2007-11 (%)
• Medical Equipment Imports by Product Area, 2011 (%)
• Leading Medical Equipment Suppliers, 2011 (%)
• Medical Equipment Exports, 2003-11 (US$ millions)
• Change in Medical Equipment Exports, 2003-11 (%)
• CAGR of Medical Exports by Product Area, 2007-11 (%)
• Medical Equipment Exports by Product Area, 2011 (%)
• Leading Medical Equipment Destinations, 2011 (%)
• Medical Device Manufacturing Output, 2006-2012 (CNY billions)
• Mindray Revenue and Income, 2008-11 (US$ Millions)
• Mindray Sales by Product Category, 2011

Japan Medical Device Intelligence Report Q2 2013

EXECUTIVE SUMMARY

KEY BACKGROUND DATA

• Geographic
• Political
• Economic
  • Government Unveils ¥10.3 trillion Economic Stimulus Package
  • Overview and Forecast
• Healthcare System
  • Health Insurance
• Health Expenditure

MARKET DEVELOPMENTS

• US$41 billion for Social Security & Healthcare under Stimulus Package
• Imports grow by 10% to November 2012
• Exports subdued at 3.0% to October 2012

MEDICAL MARKET ANALYSIS

• Overview
• The Market in 2012
• Past Performance 2007-11
• Future Performance 2012-17
• The Japanese Market for Consumables
• The Japanese Market for Diagnostic Imaging
• The Japanese Market for Dental Products
• The Japanese Market for Orthopaedic & Prosthetic Products
• The Japanese Market for Patient Aids
• The Japanese Market for Other Medical Devices

ANNUAL IMPORTS

• Consumables
• Diagnostic Imaging
• Dental Products
• Orthopaedic & Prosthetic Products
• Patient Aids

MONTHLY IMPORTS

ANNUAL EXPORTS

• Consumables
• Diagnostic Imaging
• Dental Products
• Orthopaedic Products
• Patient Aids

MONTHLY EXPORTS

DOMESTIC PRODUCTION

• Trade Associations

DOMESTIC MANUFACTURING

• Local Manufacturers
  • Aloka
  • Canon
  • Fukuda Denshi
  • Hitachi
  • Hogy Medical
  • Hoya
  • Konica
  • Nidek
  • Nihon Kohden
  • Nipro Corporation
  • Olympus Optical
  • Omron
  • Shimadzu
  • Terumo
  • Toray Medical
  • Toshiba

MULTINATIONAL ACTIVITY

ACCESSING THE MARKET

• Distribution
• Medical Device Regulations
  • PMDA
  • PMDEC
  • JAAME
  • Faster Approval Times for Medical Devices
• Device Pricing & Reimbursement
  • Pricing
  • Reimbursement
  • 2006 Price Revisions
  • 2008 Price Revisions

METHODOLOGY & SOURCES

• Trade Code Classifications
• Methodology
• Sources
• Need more information?

LIST OF TABLES

• Espicom Analysis of the Japanese Medical Market, 2013
• Key Economic Data Projections, 2013-18
• Summary Key Data 2006-2012
• Japanese Medical Device Market, Key Ratios, 2012
• Japanese Medical Device Market by Category, 2012
• Projected Medical Device Market, 2012-17
• The Japanese Medical Device Market, 2007-17 (US$ millions)
• The Japanese Medical Device Market, 2007-17 (US$ per capita)
• The Japanese Medical Device Market, 2007-17 (% of Total)
• The Japanese Medical Device Market, 2007-17 (% Change)
• The Japanese Consumables Market, 2007-17 (US$ millions)
• The Japanese Consumables Market, 2007-17 (US$ Per Capita)
• The Japanese Consumables Market, 2007-17 (% Change)
• The Japanese Diagnostic Imaging Market, 2007-17 (US$ millions)
• The Japanese Diagnostic Imaging Market, 2007-17 (US$ Per Capita)
• The Japanese Diagnostic Imaging Market, 2007-17 (% Change)
• The Japanese Dental Products Market, 2007-17 (US$ millions)
• The Japanese Dental Products Market, 2007-17 (US$ Per Capita)
• The Japanese Dental Products Market, 2007-17 (% Change)
• The Japanese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions)
• The Japanese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita)
• The Japanese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change)
• The Japanese Patient Aids Market, 2007-17 (US$ millions)
• The Japanese Patient Aids Market, 2007-17 (US$ Per Capita)
• The Japanese Patient Aids Market, 2007-17 (% Change)
• The Japanese Other Medical Devices Market, 2007-17 (US$ millions)
• The Japanese Other Medical Devices Market, 2007-17 (US$ Per Capita)
• The Japanese Other Medical Devices Market, 2007-17 (% Change)
• Summary Medical Imports by Product Area, 2007-11 (US$000s)
• Summary Medical Imports by Product Area, 2007-11 (US$000s % Change)
• Summary Medical Imports by Product Area, 2007-11 (¥ 000s)
• Summary Medical Imports by Product Area, 2007-11 (¥ % Change)
• Summary Medical Imports by Product Area, 2007-11 (% of Total)
• Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s)
• Top 20 Suppliers to the Japanese Market, 2011 (US$000s)
• Detailed Imports of Medical Equipment, 2007-11 (US$000s)
• Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends)
• Detailed Imports, Leading Suppliers, 2011 (US$000s)
• MONTHLY IMPORTS of Medical Equipment (US$ Millions)
• Summary Medical Exports by Product Area, 2007-11 (US$000s)
• Summary Medical Exports by Product Area, 2007-11 (US$000s % Change)
• Summary Medical Exports by Product Area, 2007-11 (¥ 000s)
• Summary Medical Exports by Product Area, 2007-11 (¥ % Change)
• Summary Medical Exports by Product Area, 2007-11 (% of Total)
• Leading Medical Equipment Destinations by Product Area, 2011 (US$000s)
• Top 20 Destinations for Japanese Exports, 2011 (US$000s)
• Detailed Exports of Medical Equipment, 2007-11 (US$000s)
• Detailed Exports of Medical Equipment, 2007-2011 (Growth Trends)
• Detailed Exports, Leading Destinations, 2011 (US$000s)
• Balance of Medical Trade, 2007-2011 (US$000s)
• MONTHLY EXPORTS of Medical Equipment (US$ Millions)
• Japanese Medical Device Production, 1991-2011
• Medical Device Production by Category, 2010-2011 (¥ millions)
• Medical Device Production by Category, 2010-2011 (US$ millions)
• Diagnostic Imaging and Therapeutic Systems Domestic Production, 2011
• HS Trade Codes Used in This Report
• HS Trade Codes, Rearranged

LIST OF CHARTS

• Japanese Medical Device Market by Category, 2012 (%)
• Change in the Japanese Medical Device Market, 2007-17 (%)
• CAGR of the Japanese Medical Device Market by Product Area, 2007-11 (%)
• Market Projections, 2012-17 (US$ millions)
• Projected CAGR of Medical Device Market by Product Area, 2012-17 (%)
• The Japanese Market for Consumables, 2007-17 (US$ millions)
• The Japanese Market for Consumables, 2007-17 (CAGR)
• The Japanese Market for Diagnostic Imaging, 2007-17 (US$ millions)
• The Japanese Market for Diagnostic Imaging, 2007-17 (CAGR)
• The Japanese Market for Dental Products, 2007-17 (US$ millions)
• The Japanese Market for Dental Products, 2007-17 (CAGR)
• The Japanese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions)
• The Japanese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR)
• The Japanese Market for Patient Aids, 2007-17 (US$ millions)
• The Japanese Market for Patient Aids, 2007-17 (CAGR)
• The Japanese Market for Other Medical Devices, 2007-17 (US$ millions)
• The Japanese Market for Other Medical Devices, 2007-17 (CAGR)
• Medical Equipment Imports, 2003-11 (US$ millions)
• Change in Medical Equipment Imports, 2003-11 (%)
• CAGR of Medical Imports by Product Area, 2007-11 (%)
• Medical Equipment Imports by Product Area, 2011 (%)
• Leading Medical Equipment Suppliers, 2011 (%)
• Medical Equipment Exports, 2003-11 (US$ millions)
• Change in Medical Equipment Exports, 2003-11 (%)
• CAGR of Medical Exports by Product Area, 2007-11 (%)
• Medical Equipment Exports by Product Area, 2011 (%)
• Leading Medical Equipment Destinations, 2011 (%)
• Japanese Medical Device Production, 2001-2011 (¥ millions)

South Korea Medical Device Intelligence Report Q2 2013

EXECUTIVE SUMMARY

KEY BACKGROUND DATA

• Geographic
• Political
• Economic
• Healthcare System
  • Organisation
  • Healthcare Delivery
  • Private Sector
    • First Foreign Owned Hospital to Open in 2013
    • Medical Tourism Marketing Legalised
    • Jeju Medical Tourism Project
  • Healthcare Funding
• Health Expenditure

MARKET DEVELOPMENTS

• New President to Focus on Welfare Issues
• Health Insurance Spending to Rise in 2013
• Import Growth Recovers during Second Half of 2012
• Strong Export Performance Continues throughout 2012
• Medical Device Output Increases 13.6% in 2011
• Medical Equipment Show Reflects Gangwon's Status as High Tech Manufacturing Hub
• Varian Medical Systems Establishes Subsidiary in South Korea
• US Manufacturers Seeking to Leverage Competitive Advantages of New FTA in Booming South Korean Medical Market
• Chinese Property Group to Invest US$885 million in Jeju Medical Tourism Project

MEDICAL MARKET ANALYSIS

• Overview
• The Market in 2012
• Past Performance 2007-11
• Future Performance 2012-17
• The South Korean Market for Consumables
• The South Korean Market for Diagnostic Imaging
• The South Korean Market for Dental Products
• The South Korean Market for Orthopaedic & Prosthetic Products
• The South Korean Market for Patient Aids
• The South Korean Market for Other Medical Devices

ANNUAL IMPORTS

• Consumables
• Diagnostic Imaging
• Dental Products
• Orthopaedic & Prosthetic Products
• Patient Aids

MONTHLY IMPORTS

• Monthly Imports

ANNUAL EXPORTS

• Consumables
• Diagnostic Imaging
• Dental Products
• Orthopaedic Products
• Patient Aids

MONTHLY EXPORTS

DOMESTIC PRODUCTION

• Trade Associations
  • Korea Medical Devices Industrial Cooperative Association

DOMESTIC MANUFACTURING

• National Manufacturers
  • Boin Medica Co. Ltd
  • Choongwae Medical
  • CU Medical
  • Hanshin Medical
  • Listem (former Dong-A X-ray Co.)
  • Mediana
  • Osstem Implant
  • Samsung Medison
  • Prosonic
  • Royal Medical
  • S M Medical Co
  • Sam Yang
  • Shinhung
  • Sometech
  • Vatech
  • Wonju Medical Industry Techno Valley
• Multinational Manufacturers
  • Becton Dickinson
  • GE Ultrasound Korea
  • Gambro
  • Siemens

MULTINATIONAL ACTIVITY

ACCESSING THE MARKET

• Market Environment
• Distribution
• Customs duties
• Free Trade Agreements
• Pricing & Reimbursement
• Trade Fairs
  • KIMES

MEDICAL DEVICE REGULATIONS

• Medical Device Act of 2003
  • Class I notification
  • Class II & III approval
  • Exemptions from product testing
  • Non-exempt products
  • Clinical trials

METHODOLOGY & SOURCES

• Trade Code Classifications
• Methodology
• Sources

LIST OF TABLES

• Espicom Analysis of the South Korean Medical Market, 2013
• Economic Projections, 2013-18
• Summary of Key Data, 2006-12
• Financial Status of the Health Insurance System, 2007-12 (100 million Won)
• Leading Destinations for South Korean Medical Device Exports
• Medical Device Production Trends (Billion Won) 2003-2011
• Top 10 Medical Device Producers by Category, 2011 (Million Won)
• Wonju Medical Equipment Techno Valley
• South Korean Medical Device Market by Category, 2012
• Projected Medical Device Market, 2012-17
• The South Korean Medical Device Market, 2007-17 (US$ millions)
• The South Korean Medical Device Market, 2007-17 (US$ per capita)
• The South Korean Medical Device Market, 2007-17 (% of Total)
• The South Korean Medical Device Market, 2007-17 (% Change)
• The South Korean Consumables Market, 2007-17 (US$ millions)
• The South Korean Consumables Market, 2007-17 (US$ Per Capita)
• The South Korean Consumables Market, 2007-17 (% Change)
• The South Korean Diagnostic Imaging Market, 2007-17 (US$ millions)
• The South Korean Diagnostic Imaging Market, 2007-17 (US$ Per Capita)
• The South Korean Diagnostic Imaging Market, 2007-17 (% Change)
• The South Korean Dental Products Market, 2007-17 (US$ millions)
• The South Korean Dental Products Market, 2007-17 (US$ Per Capita)
• The South Korean Dental Products Market, 2007-17 (% Change)
• The South Korean Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions)
• The South Korean Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita)
• The South Korean Orthopaedic & Prosthetic Products Market, 2007-17 (% Change)
• The South Korean Patient Aids Market, 2007-17 (US$ millions)
• The South Korean Patient Aids Market, 2007-17 (US$ Per Capita)
• The South Korean Patient Aids Market, 2007-17 (% Change)
• The South Korean Other Medical Devices Market, 2007-17 (US$ millions)
• The South Korean Other Medical Devices Market, 2007-17 (US$ Per Capita)
• Summary Medical Imports by Product Area, 2007-11 (US$000s)
• Summary Medical Imports by Product Area, 2007-11 (US$000s % Change)
• Summary Medical Imports by Product Area, 2007-11 (Won 000s)
• Summary Medical Imports by Product Area, 2007-11 (Won % Change)
• Summary Medical Imports by Product Area, 2007-11 (% of Total)
• Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s)
• Top 20 Suppliers to the South Korean Market, 2011 (US$000s)
• Detailed Imports of Medical Equipment, 2007-11 (US$000s)
• Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends)
• Detailed Imports, Leading Suppliers, 2011 (US$000s)
• Summary Medical Exports by Product Area, 2007-11 (US$000s)
• Summary Medical Exports by Product Area, 2007-11 (US$000s % Change)
• Summary Medical Exports by Product Area, 2007-11 (Won 000s)
• Summary Medical Exports by Product Area, 2007-11 (Won % Change)
• Summary Medical Exports by Product Area, 2007-11 (% of Total)
• Leading Medical Equipment Destinations by Product Area, 2011 (US$000s)
• Top 20 Destinations for South Korea Exports, 2011 (US$000s)
• Detailed Exports of Medical Equipment, 2007-11 (US$000s)
• Detailed Exports of Medical Equipment, 2007-2011 (Growth Trends)
• Detailed Exports, Leading Destinations, 2011 (US$000s)
• Balance of Medical Trade, 2007-2011 (US$000s)
• MONTHLY EXPORTS of Medical Equipment (US$Millions)
• Medical Device Manufacturers 2003-11
• Medical Device Manufacturers by Output Value, 2011
• Medical Device Manufacturers by Company Size, 2011
• Medical Device Production by Category 2007-11 (Million Won)
• Medical Device Production by Category 2007-11 (US$ Millions)
• Top 30 Medical Device Products by Category 2008-10 (Million Won)
• Top 10 Medical Device Producers by Category, 2011 (Million Won)
• Wonju Medical Equipment Techno Valley Selected Manufacturers
• HS Trade Codes Used in This Report
• HS Trade Codes, Rearranged

LIST OF CHARTS

• South Korean Health Expenditure Per Capita, 2001-2012 (US$)
• Medical fee coverage increase rates
• South Korean Medical Device Market by Category, 2012 (%)
• Change in the South Korean Medical Device Market, 2007-17 (%)
• CAGR of the South Korean Medical Device Market by Product Area, 2007-11 (%)
• Projected CAGR of Medical Device Market by Product Area, 2012-17 (%)
• The South Korean Market for Consumables, 2007-17 (US$ millions)
• The South Korean Market for Consumables, 2007-17 (CAGR)
• The South Korean Market for Diagnostic Imaging, 2007-17 (US$ millions)
• The South Korean Market for Diagnostic Imaging, 2007-17 (CAGR)
• The South Korean Market for Dental Products, 2007-17 (US$ millions)
• The South Korean Market for Dental Products, 2007-17 (CAGR)
• The South Korean Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions)
• The South Korean Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR)
• The South Korean Market for Patient Aids, 2007-17 (US$ millions)
• The South Korean Market for Patient Aids, 2007-17 (CAGR)
• The South Korean Market for Other Medical Devices, 2007-17 (US$ millions)
• The South Korean Market for Other Medical Devices, 2007-17 (CAGR)
• Imports of Medical Equipment & Supplies, 2003-2011 (US$000s)
• Change in Imports of Medical Equipment & Supplies, 2004-2011 (%)
• CAGR of Medical Imports by Product Area, 2007-11 (%)
• Medical Equipment Imports by Product Area, 2011 (%)
• Leading Medical Equipment Suppliers, 2011 (%)
• Exports of Medical Equipment & Supplies, 2003-2011 (US$000s)
• Change in Exports of Medical Equipment & Supplies, 2004-2011 (%)
• CAGR of Medical Exports by Product Area, 2007-11 (%)
• Medical Equipment Exports by Product Area, 2011 (%)
• Leading Medical Equipment Destinations, 2011 (%)
• Map of South Korea's Metropolitan Cities and Provinces

Taiwan Medical Device Intelligence Report Q2 2013

EXECUTIVE SUMMARY

KEY BACKGROUND DATA

• Geographic
• Political
• Economic
• Healthcare System
• Medical Care Network
  • National Health Insurance

MARKET DEVELOPMENTS

• Orthopaedics charts strongest annual import growth rate
• Swissray to establish R&D centre and factory
• Government approves establishing defibrillators in public venues
• Medical device production to break NT$100 billion mark for first time
• First robotic-assisted kidney transplant announced

MEDICAL MARKET ANALYSIS

• Overview
• The Market in 2012
• Past Performance 2007-11
• Future Performance 2012-17
• The Taiwanese Market for Consumables
• The Taiwanese Market for Diagnostic Imaging
• The Taiwanese Market for Dental Products
• The Taiwanese Market for Orthopaedic & Prosthetic Products
• The Taiwanese Market for Patient Aids
• The Taiwanese Market for Other Medical Devices

ANNUAL IMPORTS

• Consumables
• Diagnostic Imaging
• Dental Products
• Orthopaedic & Prosthetic Products
• Patient Aids

MONTHLY IMPORTS

ANNUAL EXPORTS

• Consumables
• Diagnostic Imaging
• Dental Products
• Orthopaedic Products
• Patient Aids
• Others

MONTHLY EXPORTS

DOMESTIC PRODUCTION

• ITRI 's Medical Device Production Estimates

DOMESTIC MANUFACTURING

• Local Manufacturers
  • Taiwan Medical and Biotech Industry Association
• Multinational Manufacturers
  • Swissray International

MULTINATIONAL ACTIVITY

ACCESSING THE MARKET

• Distribution

MEDICAL DEVICE REGULATIONS

• USTR National Trade Estimate Report on Foreign Trade Barriers, 2010
• American Chamber of Commerce White Paper, 2012
• Harmonising medical device regulations in line with global practices and international trends
  • Establishing a rational system for reimbursement and management of medical devices
  • Amending the Pharmaceutical Affairs Act for medical device advertisements
  • Lifting the ban on imports of medical devices from China made by multinationals

METHODOLOGY & SOURCES

• Trade Code Classifications
• Methodology
• Sources
• Need more information?

LIST OF TABLES

• Espicom Analysis of the Taiwanese Medical Market, 2013
• Summary of Key Data Projections, 2013-18
• Summary of Key Data, 2007-12
• Taiwanese Medical Device Market, Key Ratios, 2012
• Taiwanese Medical Device Market by Category, 2012
• Projected Medical Device Market, 2012-17
• The Taiwanese Medical Device Market, 2007-17 (US$ millions)
• The Taiwanese Medical Device Market, 2007-17 (US$ per capita)
• The Taiwanese Medical Device Market, 2007-17 (% of Total)
• The Taiwanese Medical Device Market, 2007-17 (% Change)
• The Taiwanese Consumables Market, 2007-17 (US$ millions)
• The Taiwanese Consumables Market, 2007-17 (US$ Per Capita)
• The Taiwanese Consumables Market, 2007-17 (% Change)
• The Taiwanese Diagnostic Imaging Market, 2007-17 (US$ millions)
• The Taiwanese Diagnostic Imaging Market, 2007-17 (US$ Per Capita)
• The Taiwanese Diagnostic Imaging Market, 2007-17 (% Change)
• The Taiwanese Dental Products Market, 2007-17 (US$ millions)
• The Taiwanese Dental Products Market, 2007-17 (US$ Per Capita)
• The Taiwanese Dental Products Market, 2007-17 (% Change)
• The Taiwanese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions)
• The Taiwanese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita)
• The Taiwanese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change)
• The Taiwanese Patient Aids Market, 2007-17 (US$ millions)
• The Taiwanese Patient Aids Market, 2007-17 (US$ Per Capita)
• The Taiwanese Patient Aids Market, 2007-17 (% Change)
• The Taiwanese Other Medical Devices Market, 2007-17 (US$ millions)
• The Taiwanese Other Medical Devices Market, 2007-17 (US$ Per Capita)
• The Taiwanese Other Medical Devices Market, 2007-17 (% Change)
• Summary Medical Imports by Product Area, 2007-11 (US$000s)
• Summary Medical Imports by Product Area, 2007-11 (US$000s % Change)
• Summary Medical Imports by Product Area, 2007-11 (NT$ 000s)
• Summary Medical Imports by Product Area, 2007-11 (NT$ % Change)
• Summary Medical Imports by Product Area, 2007-11 (% of Total)
• Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s)
• Top 20 Suppliers to the Taiwanese Market, 2011 (US$000s)
• Detailed Imports of Medical Equipment, 2007-11 (US$000s)
• Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends)
• Detailed Imports, Leading Suppliers, 2011 (US$000s)
• MONTHLY IMPORTS of Medical Equipment (US$ Millions)
• Summary Medical Exports by Product Area, 2007-11 (US$000s)
• Summary Medical Exports by Product Area, 2007-11 (US$000s % Change)
• Summary Medical Exports by Product Area, 2007-11 (NT$ 000s)
• Summary Medical Exports by Product Area, 2007-11 (NT$ % Change)
• Summary Medical Exports by Product Area, 2007-11 (% of Total)
• Leading Medical Equipment Destinations by Product Area, 2011 (US$000s)
• Top 20 Destinations for Taiwanese Exports, 2011 (US$000s)
• Detailed Exports of Medical Equipment, 2007-11 (US$000s)
• Detailed Exports of Medical Equipment, 2007-2011 (Growth Trends)
• Detailed Exports, Leading Destinations, 2011 (US$000s)
• Balance of Medical Trade, 2007-2011 (US$000s)
• MONTHLY EXPORTS of Medical Equipment (US$ Millions)
• Registered Medical Device Manufacturers 2002-2010
• Selected Medical Equipment Manufacturers
• HS Trade Codes Used in This Report
• HS Trade Codes, Rearranged

LIST OF CHARTS

• Taiwanese Medical Device Market by Category, 2012 (%)
• Change in the Taiwanese Medical Device Market, 2007-17 (%)
• CAGR of the Taiwanese Medical Device Market by Product Area, 2007-11 (%)
• Market Projections, 2012-17 (US$ millions)
• Projected CAGR of Medical Device Market by Product Area, 2012-17 (%)
• The Taiwanese Market for Consumables, 2007-17 (US$ millions)
• The Taiwanese Market for Consumables, 2007-17 (CAGR)
• The Taiwanese Market for Diagnostic Imaging, 2007-17 (US$ millions)
• The Taiwanese Market for Diagnostic Imaging, 2007-17 (CAGR)
• The Taiwanese Market for Dental Products, 2007-17 (US$ millions)
• The Taiwanese Market for Dental Products, 2007-17 (CAGR)
• The Taiwanese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions)
• The Taiwanese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR)
• The Taiwanese Market for Patient Aids, 2007-17 (US$ millions)
• The Taiwanese Market for Patient Aids, 2007-17 (CAGR)
• The Taiwanese Market for Other Medical Devices, 2007-17 (US$ millions)
• The Taiwanese Market for Other Medical Devices, 2007-17 (CAGR)
• Medical Equipment Imports, 2003-11 (US$ millions)
• Change in Medical Equipment Imports, 2003-11 (%)
• CAGR of Medical Imports by Product Area, 2007-11 (%)
• Medical Equipment Imports by Product Area, 2011 (%)
• Leading Medical Equipment Suppliers, 2011 (%)
• Medical Equipment Exports, 2003-11 (US$ millions)
• Change in Medical Equipment Exports, 2004-11 (%)
• CAGR of Medical Exports by Product Area, 2007-11 (%)
• Medical Equipment Exports by Product Area, 2011 (%)
• Leading Medical Equipment Destinations, 2011 (%)

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