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Development prospect of medical device industry

Development prospect of medical device industry

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Medical device industry involves medicine, machinery, electronics, plastics and other industries, is a multidisciplinary, knowledge-intensive, capital-intensive high-tech industry. The basic characteristics of high-tech medical equipment are digitalization and computerization. It is the crystallization of multi-disciplinary and cross-field modern high technology. Its products have high technicalcontent and high profits. Even in the sub-industries with low overall gross profit rate and low investment, there will continue to be products with high technical content, and some enterprises with strong profitability will emerge from them. Therefore, the overall trend of the industry is high investment, high income.

Atlas of medical devices

Medical imaging equipment is an indispensable part of hospital medical equipment, and also an important embodiment of the comprehensive strength of the hospital. It not only provides an important guarantee for clinical diagnosis and treatment, but also provides an important platform for clinical scientific research. As a comprehensive platform, imaging equipment plays an important role in promoting the development of hospitals.

With the development of the medical career in our country and parts of hospital equipment upgrading, in recent years, medical imaging diagnostic equipment market demand rapid growth in China, objectively promoted the development of medical imaging diagnostic equipment industry in our country, in the process of rapid development, some companies constantly growing, has formed a certain competitiveness, The market share of domestically produced medical imaging diagnostic equipment has increased.

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Medical devices are an important part of the medical industry

For consumers, the configuration of medical machinery in medical institutions is second only to that of doctors to judge medical institutions.

Medical device industry is a multidisciplinary, knowledge-intensive, capital-intensive high-tech industry with high entry threshold. The overall level of medical equipment in China's medical institutions is still very low. Among the medical instruments and equipment in primary-level medical and health institutions across the country, about 15 percent are made around the 1970s, and 60 percent are made before the mid-1980s. The upgrading process is a process of demand release. It will ensure the rapid growth of China's medical device market in the next 10 years or even longer.

With the deepening of reform and opening up, the increasing state support and the acceleration of global integration, China's medical device industry is developing by leaps and bounds. In 2005, China has become the third largest medical device market in the world, only second to the United States and Japan, according to the Forecast report of Market Prospect and Investment Forecast analysis of China's Medical Device Industry . In 2006, the import and export volume of China's medical devices exceeded $10 billion for the first time, with a total import and export value of $10.552 billion, up 17.57% year-on-year, and a cumulative surplus of $3.190 billion. In 2007, China's total import and export of medical devices was US $12.697 billion, up 20.33% year on year, with a trade surplus of US $4.133 billion.

China's medical device industry has a bright future

Although there is a gap between China's medical device industry and developed countries, the development speed of China's medical device makes the world look at it. China's latest research and development of medical devices products also walk in the forefront of the international medical device industry. China is set to overtake Japan as the world's second-largest market for medical devices in the next few years. By 2010, China's total output value of medical devices will reach 100 billion yuan, accounting for 5% of the world's medical device market share, and by 2050, this share will reach 25%.

With the rapid improvement of the r&d strength of domestic enterprises, as well as the transfer of the market focus from high-tech to affordable, the competitiveness of domestic products is gradually enhanced, providing a rare opportunity for domestic manufacturers to expand the market. It can be predicted that China's medical device industry has a huge development space in the future.

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Post time: Oct-04-2021