The medical device market in China is growing rapidly.
From 20 14 to 20 19, the medical device market in China continued to expand, with an increase of nearly 400 billion yuan in five years. Judging from the growth rate, the average annual growth rate is about 20%, far exceeding the growth rate of about 5% in the global market. It is predicted that the gap between China and the global medical device market will gradually narrow in the future. But in absolute terms, there is still a big gap between China and the global market.
Benefiting from the development of economic level and the growing health demand, the medical device market in China has great development opportunities. According to the data of Blue Book of Medical Devices in China in 2020, the market size of medical devices in China in 2065 was about 634 1 100 million yuan, up 438+09.55% year-on-year.
The medical equipment market is the largest market segment of medical equipment in China.
At present, domestic medical devices have become a sunrise industry with strong innovation, complete product categories and strong market demand. According to the classification of Medical Device Research Institute, medical devices can be divided into four categories: high-value medical consumables, low-value medical consumables, medical devices and IVD (in vitro diagnosis).
According to different uses, the market of high-value medical consumables can be divided into nine categories: orthopedic implants, vascular interventions, neurosurgery, ophthalmology, stomatology, blood purification, non-vascular interventions, electrophysiology and pacemakers, and others. According to incomplete statistics, in 20 19, the medical device market is still the largest market segment of medical devices in China, with a market scale of about 360 1000 billion yuan, up 19.52% year-on-year.
The market share of domestic medical device sub-industry is similar to that of the global market. In 20 19, the market share of medical device sub-industry was over half, accounting for 56.79%; Followed by the high-value medical consumables sub-industry, the market share is19.78%; Followed by low-value medical consumables, the market share is12.14%; In vitro diagnosis sub-industry accounts for the smallest proportion, accounting for 1 1.39% of the market.
The localization rate of medical device industry in China is low.
The localization rate of medical device industry in China is still low. Developed countries such as Europe, America and Japan have strong basic disciplines and rich experience in the development of basic research industries, and have accumulated many advanced technical experiences in the field of medical devices. And foreign medical device industry has a long history of development, and some leading enterprises have accumulated a good reputation in the industry, and their brand advantages are obvious.
Judging from the market share of medical devices in China in 20 19, at present, the domestic retention rate of medical devices in China is low, especially in the high-end market. In addition to monitor products, the import substitution market is broad.
Domestic substitution promotes the rapid development of medical device industry
At present, the localization rate of domestic medical devices is not high, and high-end products are still imported products occupying the main market. However, in recent years, with the continuous development of China's medical device industry, the gap between related R&D and production technology and imported products has been narrowing, and the import substitution ability has gradually formed.
In the future, the vast import substitution market will be a battleground for domestic medical device enterprises. The smooth progress of import substitution should not only grasp the technical advantages, but also grasp the cost advantages. Mindray Medical, as the leader of domestic medical device industry, has obvious import substitution advantages.
From the policy point of view, the state has increased its support for the medical device industry, encouraged innovative research and development of medical devices, continuously increased the market share of domestic medical diagnosis and treatment equipment and other medical devices in public medical institutions, and encouraged import substitution.
—— For more data, please refer to the Strategic Planning and Enterprise Strategic Consulting Report of China Medical Device Industry issued by Prospective Industry Research Institute.