Medical devices refer to instruments, equipment, appliances, in vitro diagnostic reagents and calibrators, materials and other similar or related items used directly or indirectly in the human body, including the required software, mainly used for medical diagnosis, monitoring and treatment of medical devices There are many kinds of products. According to the characteristics of end customers and products, they can be divided into household medical devices and medical medical devices. This article mainly discusses medical medical devices.

Prospect analysis of the Chinese medical device market, the market will exceed 760 billion in 2020

Compared with developed countries in Europe and America, my country's medical device market started slowly. According to the data of "Analysis Report on Market Demand Forecast and Investment Strategic Planning of Medical Device Industry" released by the Prospective Industry Research Institute, since 2000, under the background of national policies and market demand, the domestic medical device industry has 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, excluding the impact of price factors, it has increased by about 20.67 times in 16 years. The revenue of China's medical technology and medical device industry in 2011-2016 The average annual compound growth rate is as high as 20.70%, much higher than the global average growth rate.
 
Prospect analysis of the Chinese medical device market, the market will exceed 760 billion in 2020

The ratio of medical device and drug consumption is abnormal. From the perspective of the overall market structure, the development of the domestic medical device industry still lags far behind the drug market. A major factor causing the relatively lagging development of the domestic medical device industry lies in the development model of "heavy drugs and light devices" in China.
 
From the perspective of the market structure of the domestic and foreign medical industries, the global medical device market in 2016 was roughly 50.39% of the global pharmaceutical market, while China's proportion was only 24.71%. It is expected that China's medical device industry will be in the next three years It will still maintain a relatively fast growth rate. If it is estimated at a growth rate of 20%, the overall scale of China's device market will exceed 760 billion by 2020.
 
With the improvement of living standards and the enhancement of healthcare awareness, the consumption of healthcare products and services has increased. Residents pay more attention to medical and health consumption related to life and health. The selection of medical devices is becoming more advanced and their functions are becoming more and more diversified. The concept of medical consumption is gradually shifting from treatment to disease prevention and health care. We can foresee that the trend of my country's aging will surely be the internal driving force for the long-term rapid growth of my country's medical devices.
 
(Source of this article: Prospective Industry Research Institute)