medical equipment

According to HIMA forecast, global medical equipment sales will reach $260 billion in 2007. The US medical equipment growth rate maintained at 9 percent. According to the forecast of the 10th five-year program in medical equipment industry, the gross output value of China' medical equipment industry will reach RMB￥100 billion in 2010. As China' macro-economy enters another stable growing cycle, the medical equipment demand in Chinese market will maintain a strong growth momentum in the following several years. According to the National Bureau of Statistics of China, the gross output value of China's medical equipment industry maintained a rapid growth since 1990s, with an average annual growth rate of 12-15 percent, and the total profits increased synchronously with sales income. Although China’s medical equipment industry has been growing rapidly, its total production value only accounts for 2 percent of the world market share, in which the U.S. accounts for 42 percent and Japan is 14 percent. The sales ratio of medical equipment to medicine in China is 1:5 while this ratio in the international market is 1:1.9, therefore indicating a large development space of China's medical equipment industry.