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China Wheelchair Industry Production & Marketing Demand and Investment Forecast Report, 2013-2017

China Wheelchair Industry Production & Marketing Demand and Investment Forecast Report, 2013-2017

Last Update:2014-05-09

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Preface

Table of Content

China medical device industry develops relatively late. Since 1980s, the overall industry develops rapidly, especially when it enters the 21st century, the overall industry steps into a fast development stage. From 2000 to October 2010, the market size of medical device industry is almost 6 times as high as the original one, with a compound average growth rate of around 21%. The growth speed of medical device industry’s market size is higher than that of national pharmaceutical industry over the same period. In 2010, the market size of medical device manufacturing industry surpassed 120 billion Yuan, with a year-on-year increase of 23%. After 30 years of high-speed development, China medical device industry has basically formed a industrial system with a full range of specialized fields, a complete industrial chain, and a solid industrial foundation.

As a sub-sector of medical device industry, wheelchair industry maintains the fast development in recent years. In 2010, there were 52 wheelchair enterprises above designated size in the industry, with the sales revenue of 5.091 billion Yuan. However, the product structure of China wheelchair industry is simple. A large part of wheelchairs in China are general products with a low price. China’s research and development investment in high-end products, such as electric powered wheelchair and sport wheelchair, is insufficient, where there is a huge difference comparing with the foreign countries. And the sport wheelchairs mainly depend on import.

At present, China has reached the production output capacity of 2.5 million wheelchairs, among which the output capacity of electric powered wheelchair is about 100 thousand. The major production bases mainly concentrate in Shanghai, Guangdong, Zhejiang, Tianjin and other areas, and the well-known brands in China are Jiangsu Yuyue Medical Equipment Inc, Foshan Dongfang Medical Equipment Manufactory (Ltd.) and MBL (Xiamen) Co. Ltd. In 2010, the top 10 enterprises in the ranking list of sales revenue occupy a large proportion of the total industry sales revenue, so the wheelchair industry market concentration is relatively high.

China’s demand for wheelchair mainly focuses on general wheelchairs and tailor-made wheelchairs. In 2010, the proportion of old population over 60 years old accounted for 13.26% of China’s total population. The demand for the olds is approximately 250 thousand wheelchairs. The data from the Second National Sample Survey on the Disabled by the National Bureau of Statistics shows, there are 82.96 million all kinds of the disabled in China. The annual demand for the disabled is about 350 thousand wheelchairs. It’s predicted the annual demand for China wheelchair market is about 600 thousand wheelchairs, among which there are 12 thousand electric powered wheelchairs. Therefore, the major problems in the development of China wheelchair industry are the inefficient effective demand in the market as well as non-popularization of high-end wheelchair. This mainly because a majority of users have to buy their own wheelchairs, which completely differs from the policy in the foreign countries that the government will fully pay the bill for wheelchairs.

In the long run, some domestic factors, such as population aging and consumption upgrading are major forces to drive the development of China wheelchair industry. The problem of population aging will have been lasting for quite a long time, which will stimulate the demand amount for wheelchair. With the improvement of people’s living standard, the pursuit of life quality and the concept change of wheelchair, the demand for wheelchair is promoted. Moreover, with the development of economic level, the consumption is upgrade, which continuously stimulates the demand for wheelchair, as well as pushes the development of high-end wheelchair market.

With the growing competition in wheelchair industry, the domestic excellent wheelchair manufacturing enterprises pay more attention to the industry market research, especially to the indepth researches on the industry development environment and product buyers. Because of this, a large number of excellent wheelchair brands rise up rapidly, and gradually become leading corporations in wheelchair industry!

With Forward’s long-term tracking and collecting market data of wheelchair industry, we roundly and accurately analyze the industry structure system for you from the view of mastering the whole industry. This report mainly focuses on analyzing China wheelchair industry’s market capacity, market size, development speed and competitive situation, depending on macro-prosperity of current wheelchair industry and relying on its production and marketing conditions as well as the demand trend.

The report pay more attention to analyze the production and development of China wheelchair industry; the current market environment and enterprise competitiveness of wheelchair industry; the competitive landscape and competitive trend of wheelchair industry; the leading corporations’ operational conditions in wheelchair industry; as well as the development trend and prospects forecast of wheelchair industry. Meanwhile, with comprehensive and specific first-hand market data over the past 5 years, Forward helps you to grasp the market and development trends of wheelchair industry, so as to win advantages from competition!

The most distinctive characteristics of this report is forward-looking and timeliness. Through analyzing forward-looking characteristic of abundant first-hand market data, we deeply and objectively dissect China wheelchair industry’s overall market capacity, market size, competitive landscape and characteristics of market demand. Furthermore, based on future development tracks and years’ practice experience of wheelchair industry, we conduct prudent analysis and forecast for wheelchair industry’s future development trend. This report helps wheelchair manufacturing enterprises, R&D institutions, marketing enterprises and investment enterprises to precisely grasp current latest developments of the industry. Afterwards, they can make wise operating decisions and define enterprises’ development directions.

Here, we would like to express our sincere gratitude to State Information Center, Bureau of Statistics of China, International Information Research Institute, Chinese Academy of International Trade and Economic Cooperation, Tsinghua University Library, Development Research Center of the State Council and Beijing Essence Forward Research Center, for their great support when we conduct this report!

Notice: All the market data, especially corporations' ranking data in the report, only for business reference. Please do not take the data for enterprise publicity. Thank you! Or Forward shall not take any responsibility for any consequences!

Qianzhan Business Information Co., Ltd. Industry Research Center
Research Team of Wheelchair Industry

 


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