Orthopedic medical device market demand huge high-end medical equipment import replacement speed

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The 6th China International Medical Equipment Exhibition was held in Tianjin today. The products cover all kinds of new medical instruments and medical equipment and other medical equipment. In the same period, the conference will also hold a series of activities such as high-level forums and technical docking, which is expected to become an annual event for the medical industry. With the intensification of the aging trend in China, the demand for spine and joint orthopedic implant consumables will be greatly improved. As an important sub-sector of the medical device industry , orthopedic medical devices are expected to usher in rapid development opportunities.

From the perspective of various segments of orthopedics, the scale of trauma products is relatively high, and the growth rate of spine and joint products is relatively fast. In terms of market penetration, China's trauma, spine and joint market penetration rates were 4.9%, 1.5%, and 0.6%, respectively, and the United States was 66%, 38%, and 43%, respectively. Compared with developed countries, China still has a larger The gap has great potential for development in the future.

The number of osteoporosis patients in China has continued to grow. According to the "China Osteoporosis White Paper", the number of osteoporosis patients in China is close to 70 million. According to data from the China Surgical Implants Committee, by 2050, the number of osteoporosis patients in China will increase to 212 million, accounting for 13.2% of the total population, while more than 30% of elderly fracture patients are associated with osteoporosis. In addition, at present, there are more than 80 million patients with severe arthritis in China, and about 750,000 patients with existing disability. At the same time, about 3 million patients with new bone injuries are added each year. With the acceleration of China's aging process, the number of patients with orthopedic diseases in China will increase rapidly, which will accelerate the expansion of the orthopedic medical device market.

In recent years, the domestic medical device industry has developed rapidly, mainly in the middle and low-end imitation products. In the field of high-end medical devices, imported brands account for nearly 70% of China's high-end medical device products, such as nuclear magnetic resonance, CT, MI and other high-performance products are mostly imported. At present, China's orthopaedic medical device enterprises are small in scale, relatively single in production lines, and have few manufacturers with large-scale production capacity and competitive strength. There are problems such as insufficient scientific research investment and weak innovation ability. Although the quality of products has been continuously improved in recent years, it still does not have international competitiveness. In the future, with the support of policies, the orthopedic medical device industry is expected to usher in a new round of development space.

In terms of policies, in order to strengthen the supervision and management of clinical trials of medical devices, in May this year, the State Food and Drug Administration issued the "Notice on Re-seeking the Main Points of On-site Inspection of Medical Devices Clinical Trials", referring to the application for registration of medical devices in trial. In the midst of the implementation of the clinical trials conducted before June 1, 2016, and the two documents of the “2016 Medical Device Clinical Trial Site Inspection Points” and “Medical Device Clinical Trial Site Inspection Procedures” revised after the previous consultation, In conjunction with the "Principles of Clinical Device Test Results", the opinion was again publicly requested. It marks the full implementation of clinical trials of medical devices in China, which will help to enhance the concentration of China's medical device industry and promote the rapid and healthy development of the industry.

With the continuous increase of China's support policies, the development of domestic medical devices will usher in a space for improvement, and the high-end medical device field is expected to become the focus of future development.

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