China Orthopedic Instrument Industry
Report, 2013 - 2015
Benefiting
from aging of population, consumption upgrade and policy support, China's
orthopedic instrument industry has seen rapid development over the years, with
total market size rising from 3.28 billion yuan in 2006 to 9.85 billion yuan in
2012.
To
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Trauma
products, spine products and joint products constitute the three major market
segments of Chinese orthopedic instrument industry. In 2012, the three
principal products accounted for an aggregate market share of about 82.2%, of
which, trauma products showed the highest, approximately 35.5%, with market
size up 18.24% YoY; spine and joint products ranked second (up 12.6% YoY) and
third (up 12.4% YoY), respectively.
In
recent years, along with the increasing investment of foreign-funded
enterprises in China, the trend of foreign monopoly has been more evident.
After the acquisition of Synthes in 2012, Johnson & Johnson has turned into
the largest company in China's orthopedic instrument market, with market share
of both trauma and spine products occupying the first place.
In
November 2012, Medtronic purchased KangHui Medical for $816 million, thus
making an important step in Chinese orthopedic instrument market localization.
Compared with Medtronic's high-end positioning, affordable KangHui products can
help Medtronic expand low- and medium-end markets in emerging countries and
regions (including China). In 2012, Medtronic (including KangHui Medical)
occupied 15.9% of China's spine market.
Stryker
is a world-renowned orthopedic instrument enterprise, and its joint products
account for about 20% of global market share. In January 2013, Stryker acquired
Trauson Holdings for $764 million, and in virtue of the latter’s R&D and
manufacturing capacity and distribution network advantages further expanded its
market share in China, expected to occupy 8%-10% of China's orthopedic market
in 2013.
Relying
on powerful R&D strength and mature distribution network, Weigao has
already become the largest local supplier of orthopedic devices in China. In
2012, its orthopedic device business achieved revenue of 223 million yuan, and
trauma equipment products occupied market share of 5.1% or so.
In
future, the Chinese orthopedic instrument market will encounter more fierce
competition, in which small companies due to low R&D level, insufficient
production capacity and non-standard quality control tend to be gradually
eliminated, and the market will be further concentrated in industry magnates
with superb financial and technical strength.
For More Information Medical Equipments Market Research Reports @ :
China
Orthopedic Instrument Industry Report, 2013-2015 of ResearchInChina mainly
covers the followings:
- Overview, market structure and development prospect, etc. of global orthopedic instrument industry;
- Market structure, competition pattern, barriers to entry, import & export, etc. of China orthopedic instrument industry;
- Development environment (including policy environment, development prospects as well as development of upstream and downstream industries) for China orthopedic instrument industry;
- Operating conditions, etc. of 12 orthopedic instrument companies (including Johnson & Johnson, Medtronic, Stryker, Weigao, Shanghai Kinetic, Beijing AKEC Medical, United Orthopedic Corporation, etc.) in China.
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