The proportion of medical device and drug consumption is abnormal. From the overall market pattern, the development of domestic medical device industry is still far behind the drug market. The development mode of "heavy drugs and light devices" is one of the main factors causing the relatively backward development of domestic medical device industry.
In terms of the market pattern of the medical industry at home and abroad, the size of the global medical device market in 2016 was roughly 50.39% of that of the global drug market, while the proportion in China was only 24.71%. It is expected that China's medical device industry will maintain a fast growth rate in the next three years. If the growth rate is estimated at 20%, By 2020, the overall scale of China's equipment market will exceed 760 billion.
Increased consumption of healthcare products and services is driven by rising living standards and awareness of healthcare.
Residents pay more attention to the consumption of medical treatment and health care related to life and health. The selection of medical equipment is more and more advanced and its functions are more and more diversified. The concept of medical consumption is gradually shifting from treating diseases to disease prevention and health care. We can foresee that the trend of aging in China will be the internal power of long-term rapid growth of medical devices in China. Medical equipment is directly or indirectly for human instrument, equipment, instruments, in vitro diagnostic reagents and calibration, materials, and other similar or related items, including the required software, is mainly used for medical diagnosis, monitoring and treatment of medical apparatus and instruments product variety, according to the end customer and product characteristics, general can be divided into household medical equipment and medical medical apparatus and instruments, This paper mainly deals with medical devices.
Despite the sluggish global economic growth in recent years, the medical device industry continues to grow steadily. In 2016, the global sales volume of medical devices was $387 billion. From 2011 to 2016, the global sales volume of medical devices grew steadily, with a compound annual growth rate of 1.91%. It is estimated that the global medical device market size will reach 522 billion US dollars in 2022, with a compound growth rate of 5.1% from 2016 to 2022, which is a relatively mature industry.
Compared with developed countries in Europe and the United States, China's medical device market started slowly. According to the "Medical device Industry Market Demand Forecast and Investment Strategy Planning analysis report" released by Qianzhan Industry Research Institute, since 2000, under the background of national policies and market demand, the domestic medical device industry as a whole entered a stage of rapid development. The sales scale of China's medical device market increased from 17.9 billion yuan in 2001 to 370 billion Yuan in 2016, an increase of about 20.67 times in 16 years after excluding the impact of price factors. From 2011 to 2016, the annual compound growth rate of China's medical technology and medical device industry was as high as 20.70%, far higher than the global average growth rate.
Post time: Feb-11-2022
