DUBLIN--(BUSINESS WIRE)--The "China Surgical Staplers Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The China surgical staplers market is expected to grow at a high CAGR through the forecast period.
Rise in consumer income, ageing of the overall Chinese population, and favorable government initiatives are fuelling China's healthcare market which in turn is expected to propel the surgical staplers market in the country. The Chinese government policy is focused on improving health care accessibility and affordability to the general public. Also, the government in China is keen on adopting new and advanced technologies in the healthcare landscape.
The China surgical staplers market is segmented by product into manual and powered surgical staplers and by type into reusable and disposable surgical staplers. The reusable surgical stapler segment is expected to grow at a higher CAGR in the forecast period (2018-2023).
Key Growth Factors
- China's medical device market is one of the fastest growing markets with double-digit growth rates for over a decade. Also, healthcare expenditure in China is expected to increase to between 6.5% and 7% by 2020. These are expected to increase the adoption of advanced medical devices like surgical staplers in the market.
- China is launching trials and issuing policies to push the growth of commercial health insurance, which previously had a minimal role in the healthcare system. The coming years are expected to have reimbursement schemes on offer with public health insurance as the pillar and private insurance as a meaningful supplement. This would allow people of the country to opt for complicated and expensive surgeries which, without health insurances, would not have been possible, and therefore boosts the growth of the surgical staplers market.
Threats
- Companies interested in entering the Chinese surgical staplers market often face barriers like language problems and a volatile regulatory environment. Also, medical device companies face pressure to cut down on prices for public hospitals. The procurement process, price limits, and secondary bargaining issues relating to the centralized procurement and bidding process in China hinder the entry of foreign companies, thereby stalling the overall growth of the surgical staplers market.
Key Topics Covered
Chapter 1. Executive Summary
Chapter 2. Introduction
Chapter 3. China Surgical Staplers Market Overview
Chapter 4. China Surgical Staplers Market Segmentation - by Product
Chapter 5. China Surgical Staplers Market Segmentation - by Type
Chapter 6. China Surgical Staplers Market Segmentation - by Application
Chapter 7. Competitive Landscape
- Johnson & Johnson
- B Braun
- Frankenman International Ltd.
- Medtronic
- Reach Surgical
- Changzhou Ankang Medical Instruments Co. Ltd.
- Lepu Medical
Chapter 8. Conclusion
For more information about this report visit https://www.researchandmarkets.com/research/3mpp43/the_chinese?w=4
