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The status quo and trend analysis of my country's medical device market

The status quo and trend analysis of my country's medical device market

  • Categories:Industry news
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  • Time of issue:2020-08-06 16:11
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The status quo and trend analysis of my country's medical device market

(Summary description)In the past 10 years, my country's medical device sales have shown a good momentum of steady growth. According to expert analysis, this year and the next few years, my country's medical device market will further expand. This article will analyze the development of my country's medical device market from several aspects such as the degree of development of the medical device market, the structure of my country's medical device market, the favorable factors for the development of the medical device market, and the development trend of the medical device market.

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2020-08-06 16:11
  • Views:
Information
In the past 10 years, my country's medical device sales have shown a good momentum of steady growth. According to expert analysis, this year and the next few years, my country's medical device market will further expand. This article will analyze the development of my country's medical device market from several aspects such as the degree of development of the medical device market, the structure of my country's medical device market, the favorable factors for the development of the medical device market, and the development trend of the medical device market.
   1. my country's medical device market is developing rapidly
   At present, my country's medical device market is rapidly expanding, and it has become the world's third largest medical device market after the United States and Japan. my country has become a major area driving the increase in the global market. In the next few years, if the current development speed is maintained, my country will surpass Japan to become the world's second largest medical device market. Medical devices and drugs are two important means of medical treatment. The sales ratio of the two in developed countries is about 1:1, while that of my country is only 1:10. This shows that my country's medical device market has huge potential. my country's medical device market is active, and the national policy guidance and the demand for replacement of equipment in domestic medical and health institutions have made China a huge medical device consumer market.
  With the stimulus of market demand and the sustained and stable development of China's economy, my country's medical equipment has developed rapidly. In the past five years, my country's medical device industry has maintained rapid growth, with sales revenue growth maintained above 17%, with an average growth rate of 20.81%. In 2006, the sales revenue of the medical device industry reached 42.771 billion yuan. In 2007, my country’s medical device industry achieved sales revenue of 54.795 billion yuan, a year-on-year increase of 28.11%. Among them, the sales of high-end medical devices reached 10 billion yuan, maintaining an average of about 20% annually. Growth. The medical device industry achieved a cumulative industrial output value of 57.166 billion yuan, a year-on-year increase of 20.93%. According to the "Tenth Five-Year Development Plan for the Medical Device Industry", by 2010, my country’s total medical device output value will reach 100 billion yuan. Will account for 5% of the market, and will surpass Japan by then, becoming the world's second largest medical device market after the United States.
   2. my country's medical device market structure analysis
   1. The low-end and mid-range medical device market in China is dominated by domestic enterprises
  There are hidden worries behind my country's booming medical device market. Similar to my country's pharmaceutical industry, my country's medical device industry also has the problems of large numbers, small scale, low industry concentration, insufficient investment in scientific research, and weak innovation capabilities. In fact, the medical device industry is a multi-disciplinary, knowledge-intensive, capital-intensive high-tech industry with high entry barriers. Although there are a large number of medical device companies in my country, most of them can only survive in the low-end market. , Or provide spare parts for foreign companies, the share in the high-end market is less than 1/3, and the product has a certain gap with foreign companies in terms of service life and product quality. At present, there are more than 12,000 registered medical device companies in my country, with a handful of sales exceeding 100 million yuan. The vast majority of medical device manufacturers can only focus on low-end market shopping. According to statistics, in my country's medical device market, high-end medical device products sold to tertiary hospitals account for 30% to 35%, while low-end products account for 65% to 70%, far higher than the global average of 45%.

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