HOME
ABOUT BTD
COMPANY
HISTORY
HONORS
SERVICED CLIENTS
PRODUCT
BTDaaS
NINE PRODUCTS
SERVICE SOLUTION
SOLUTIONS
BUYERS & SELLERS
LOGISTICS
FINANCIAL
OTHER
TRADE DATABASE
GLOBAL
RCEP
ASIA-PACIFIC
AFRICA
AMERICA
EUROPE
TRADE ANALYSIS
Agroforestry and Paper
Chemical Industry
Textile
Metallurgy and Metals
Mechanical And Electrical
Means Of Transport
Instrument
Furniture, Toys, Necessities
NEWS
Company News
Trade Dynamics
Industry Analysis
CONTACT US

Industry Analysis

LOCATION:HOME - NEWS - Industry Analysis

Latest Foreign Trade Analysis of Chinese Incubators (HS: 90181930) in 2023

Issuing time:2023-10-13 Author:Alisa Back to list

        China is one of the key countries in the global manufacturing and export of medical equipment, and incubators are an important product category within this sector. Incubators, as part of medical equipment, are driven by the market demand from the global healthcare industry. Factors such as aging populations, the rise in chronic diseases, and the construction of medical infrastructure in emerging markets have all contributed to the growth in demand for incubators. Particularly, the global pandemic (COVID-19 pandemic) has had a significant impact on the demand for incubators, as these devices are used to monitor vital signs of patients in intensive care units and emergency rooms.

         According to customs data, the export value of incubators has fluctuated in recent years, with a relatively stable overall trend despite a significant increase in 2020. However, the export quantity increased in 2022, with a year-on-year growth of 18.34%. As of now, the total export value for 2023 is $366 million, with a year-on-year decrease of 3.57%. The cumulative export volume is 20.55 million units, showing a year-on-year decrease of 23.9%. While the decrease in value is relatively small, the decrease in quantity is more substantial. This may be attributed to the controlled situation of the global pandemic, where medical institutions may no longer require a significant increase in the number of incubators. The demand for incubators in the market might gradually decrease compared to the period during the pandemic.

1.png

        China is home to numerous manufacturers of incubators, with some of them being leading global players in the medical equipment manufacturing industry. Competition is intense, necessitating continuous technological innovation and a commitment to product quality assurance. Chinese incubator manufacturers typically offer a range of products with various specifications and functionalities to meet the diverse needs of different markets and customers.

          Chinese incubators are commonly exported to Asian countries such as India, Indonesia, and others, as these nations are experiencing growth in demand for medical equipment. Chinese incubators are also exported to the American and European markets, including the United States, Brazil, Sweden, Turkey, the United Kingdom, Germany, France, and more. However, they must meet the high-quality and safety standards required by these markets. Additionally, Australia has emerged as a rapidly growing market, particularly during the pandemic period.

2.png

          Chinese incubator manufacturers typically need to compete with globally recognized brands, requiring careful market positioning and brand strategies. The Chinese incubator export industry holds potential but also faces intense international competition and variations in regulations and standards across different countries' markets. Successful export of incubators necessitates in-depth understanding of the latest foreign trade conditions in the target market, the establishment of a robust supply chain and quality management system, as well as active market promotion efforts to increase market share and international competitiveness.

        GTD as China's first data company, can provide customs data for imports and exports to over 80 countries from 2010 to the present. We are capable of accurately analyzing the distribution of import and export markets, as well as providing detailed transaction information for import and export enterprises, specific price and quantity analysis, supply cycles, and more. We offer reliable data support to various foreign trade enterprises and industry consulting firms.