China’s Medical Electronics Market to Nearly Double by 2016 Print E-mail
Written by Chelsey Drysdale   
Wednesday, 07 November 2012 19:05

EL SEGUNDO, CA – Driven by a series of government policies, revenue for China’s medical electronics industry is slated to nearly double in five years starting from 2011, says IHS iSuppli.

China’s medical electronics industry is being negatively impacted by the weak global economic environment, especially in the export sector, the firm says. However, a series of stimulus efforts is being carried out by the Chinese government this year, boosting domestic demand.

Revenue in 2011 from China’s medical electronics industry amounted to $4 billion, a 19.6% year-over-year expansion. IHS estimates that medical electronics’ revenues will reach $4.8 billion this year, a further 18.4% increase. With strong momentum generated by government policies, the market is expected to reach $7.4 billion by 2016, equivalent to a five-year compound annual growth rate of 13%.

IHS predicts revenue from consumer medical devices will rise to $1.1 billion in 2012, a 19% increase from 2011.

The research firm forecasts that China’s consumer medical devices market will use up semiconductor devices valued at approximately $70 million in 2012, accounting for 28.5% of total consumption.

 

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