Global Healthcare Equipment and Supplies - Prospects in US & China

29-Mar-2011 | News-Press Release

Executive Summary

Market for healthcare equipment and supplies is very vast, covering devices used in treatment and services such as hospital care, nursing care, home healthcare etc. It has a great significance over a country’s economy and contributes a major share. With the emergence of private players in the sector and government reforms in many developing countries there is a rising demand for enhanced technology and new methods of treatment.

The increasing gap in quality between public and private healthcare offerings, particularly within the world’s developed nations, added to the increasing costs of healthcare. The US health care equipment & supplies market generated fair results with a negligible slow down in 2009. United States is leading in terms of technology and demand for medical equipment devices, supported by high disposable income and sound economy of the country. In coming years healthcare demand is expected to show a continuous growth rate driven by number of chronic disease and desire to live a healthy life, in which rising income level is the major contributor.

China healthcare equipment and supplies market has a great potential, offering opportunities for foreign players to invest. Saudi Arabia is the largest and most developed market for healthcare, medical equipment and products in the Arab Gulf region, valued at USD~ billion in 2010. In terms of healthcare services Vietnam counts in one of the very strong healthcare market and high potential to grow in near future.

Key Findings

* The global health care equipment & supplies market grew by 2.2% in 2010 to reach a value of USD~ billion driven by aging population, healthcare needs, development of better technology and rising disease level. Further this market is expected to reach USD~ billion by 2014.
* In terms of geography, US hold the highest percentage in the global healthcare equipment and device market reaching to ~% followed by Europe.
* National health expenditures in the US increased at a CAGR 6.33% from 2004 to USD~ billion in 2009.
* In terms of value, the US health care equipment & supplies market generated total revenues of USD~ billion in 2010, with a compound annual growth rate (CAGR) of 5.99% in seven years (2004-2010).
* Disposable equipment & supplies is the largest segment of the health care equipment & supplies market in the United States, accounting for ~% of the market's total value.
* The Chinese health care equipment & supplies market reached to USD ~ billion in 2010, representing a compound annual growth rate (CAGR) of 18.02% from 2004-2010, in comparison to other developing countries in Asia.
* In Asia healthcare equipment and supplies market, Japan is the major contributor accounting for almost ~% of the total market in 2009, closely followed by China ~% while rest of the countries contributes small share.
* In Hong Kong healthcare equipment and device sector, US and Japan are the two major suppliers; US accounting for categories USD~ million and USD~ million; China was the largest supplier for USD~ million, while the U.S was the second largest supplier USD~ million.

Scope of the Research

* The report offers detailed description of health care equipment and supplies market with industry performance in US, Asia (China, India & Hong Kong) & Saudi Arabia.
* The present report helps to formulate strategies, analyse the global market, scope to grow and to expand the reach in developing regions.
* Discusses industry players positioning, market share, profile and scope for foreign players.
* Data is supplemented with details on the industry past performance, present analysis and future projections; also opportunities present in many countries. Assess market opportunities and Future Outlook of the industry globally and in US, China, India, Hong Kong and Saudi Arabia.