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Analysis of medical device industry
- Jun 02, 2018 -

       Medical device industry is a multidisciplinary, knowledge intensive, capital intensive high - tech industry, high entry threshold.Medical institutions of the overall level of medical equipment at present in China is still very low, in grassroots medical institutions of the country's medical apparatus and instruments and devices, about 15% is the product before and after the 1970 s, 60% is the product until the mid - 1980 - s, they upgrade process is a process of demand release, will ensure that the next 10 years or even a longer period of time the rapid growth of the Chinese medical equipment market.

      The total value of China's medical device industry has been growing rapidly since the 1990s, with an average increase of 12%-15%.With the deepening of reform and opening up, the increasing state support and the acceleration of global integration, China's medical device industry has witnessed a rapid development.

        In 2016, the large-scale medical equipment and instruments manufacturing implementation main business income is 276.547 billion yuan, up 13.25% year on year: the total profit of 31.849 billion yuan, up 32.29% year on year, growth for each sub industries of pharmaceutical industry.In 2017, the main business revenue of medical equipment and equipment manufacturing in China was 282.81 billion yuan, up 10.7% year on year

       During the 13th five-year plan period, the state has given high support to medical devices and equipment.China's medical equipment industry will focus on developing five areas, including digital medical equipment, tissue repair and renewable materials, molecular diagnostic instruments and reagents, artificial organs and life support equipment, health testing equipment, the five aspects.In addition, it will also focus on the elderly health, disability and other aspects of the layout.It can be predicted that the development space of medical device industry with short investment cycle and relatively small capital demand is quite considerable.