Overview of the Medical Device Industry Development

In recent years, Chinamedical devicesindustry market size has continued to grow.2010Year to2015Year, the global medical device market size increased from2010year's3,260US dollars to2015year's3,710US dollars. Below is an analysis of the development of the medical device industry.

　　2016In year, China's total pharmaceutical market size was approximately14,774billion yuan, and the ratio of pharmaceutical to medical device consumption was1：0.25. The global consumption ratio of pharmaceuticals and medical devices is approximately1：0.70，while developed countries such as Europe, America and Japan have reached1∶1.02. From international experience, China's medical device market still has considerable growth potential in the future.

　　China's medical device market has enormous potential and is active. The orientation of national medical reform policies and the demand for updating and replacing equipment in domestic medical and health institutions have made China a huge medical device consumer market. Stimulated by market demand and against the backdrop of China's continued stable economic growth, China's medical device industry has developed rapidly, and its importance in the entire medical industry is becoming increasingly prominent, following the gradual“heavy medical devices, light pharmaceuticals”development path.

　　In recent years, the global disposable medical consumablestrademarket size has maintained an annual growth rate of10%左右。40%The United States is the world's largest medical device market and the largest disposable medical consumables market, with Product Sales accounting for approximately the global disposable medical consumables market.

　　Europe is the world's second largest disposable medical consumables market.2015Against the backdrop of rapid growth in China's medical device industry, China's medical consumables industry has also developed rapidly.In year, the sales scale of China's medical consumables industry reached1,853billion yuan, a year-on-year increase of。201011.49%2015Between23.92%，the industry is showing a rapid expansion trend.

　　2017In year, the market size of China's medical device industry reached5233.4billion yuan, and the6yearsCAGRreached18.21%. However, China's per capita medical device expenditure is far lower than that of developed countries. Per capita medical device expenditure in developed countries is all greater than100US dollars, with Switzerland reaching513US dollars, while China's per capita medical device expenditure is only6US dollars. With the progress of population aging, the growth of per capita disposable income, and strong policy support, the medical device industry still has broad growth potential in the future.

　　At present, in China's medical device industry market, the high-end medical device market only accounts for25%左右，and the vast majority of this market is controlled by foreign manufacturers. Most Chinese companies are still in the mid-to-low-end medical device field, and the mid-to-low-end market accounts for as much as75%左右 of China's entire medical device market. The above is all the content of the analysis of the development of the medical device industry.