The medical device industry is a multi-disciplinary, knowledge-intensive, capital-intensive high-tech industry with high barriers to entry. The medical device industry is an embodiment of a country's comprehensive industrial level, combining various high-tech achievements, combining traditional industries with biomedical engineering, electronic information technology and modern medical imaging technology. Compared with developed countries, China's medical device industry has a weak foundation, a small scale, and its development is lagging behind. At the same time, the huge contradiction between the backward medical equipment and equipment level and the growing medical demand of the society has promoted the rapid growth of the medical device market in China in recent years. The growth rate is faster than other domestic industries, and faster than the developed countries in the world. The growth of the medical device market in other developing countries.

The medical device industry has a wide variety of products, and its manufacturing technology involves many technical cross-cutting fields such as medicine, machinery, electronics, and plastics. The scale of production varies from company to company. Large-scale high-end medical device products have high requirements on scientific and technological content and high value of individual products, and are suitable for small-scale production; small and medium-sized basic medical device products have high quality requirements and low value of individual products, and are suitable for mass production. The above characteristics of the medical device industry leave a huge space for the development of China's medical device industry. In recent years, with the enhancement of the manufacturing capabilities of China's precision manufacturing and mechatronics equipment, the medical device industry has developed rapidly.

At present, China's medical device market will continue to maintain a high growth rate. As a multidisciplinary industry, its industrial extension is expanding, which will bring new market segments. At the same time, the advent of the ageing population and the increase in spending power will further stimulate market demand, leading to a higher growth rate of the industry. Compared with developed countries, China's medical device market still has a large room for growth.

First, the development status of the global medical device market

(1) The global medical device market has huge demand

The medical device industry in developed countries and regions such as the United States, Europe and Japan has developed early, the living standards of domestic residents are high, and the technical level and quality requirements for medical device products are relatively high. The market demand is mainly based on the upgrading of the latest products, and the market scale is huge. Demand growth is stable.

Asian countries such as China and India, as well as Latin American countries such as Mexico and Brazil, and medical products in Russia and other Eastern European countries have developed rapidly. The demand for equipment popularization and upgrading has existed at the same time. The penetration rate of conventional medical electronic equipment has gradually increased rapidly. The market demand for medical electronic equipment products also maintained rapid growth.

The medical electronic equipment market in Africa and other regions is still in the primary market. The product has a single function and the equipment penetration rate is less than 20%, but the growth potential is large.

(II) Analysis of the scale of the global medical device market

In recent years, the global medical device industry has developed rapidly and trade has been active. In 2015, the global medical device market was $375.1 billion.

2011-2015 global medical device sales revenue statistics

Source: KaloramaInformation, China Merchants Research Institute

(III) Analysis of the global medical device market pattern

With the development of the economy, the growth of the population, the aging of the society, and the growing awareness of people's health care, the global medical device market continues to expand rapidly. Overall, the global medical device market demand growth rate is much higher than GDP growth.

Higher global medical device industry concentration, is currently ranked the world's top 25 medical device company's total sales accounted for 60% of global total sales of medical devices, and scattered around the world's number ten thousand medical device company's total sales Only 40% share. From various countries and regions, the United States has maintained a leading position in the industry. Its medical device industry's sales revenue accounted for 38.8% of the world's total, followed by Western Europe, accounting for 30.80%, Japan accounting for 9.4%, and China accounting for 3.8%. Other countries and regions accounted for 17.2%.

Global medical equipment industry distribution

Source: EU Medical Device Committee, China Business Research Institute

Global medical device market share

Source: EU Medical Device Committee, China Business Research Institute

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