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Development of medical devices in China
Jul 13, 2018

Medical device industry is a multi-disciplinary, knowledge-intensive, capital-intensive High-tech industry, the entry threshold is higher. Chinese medical institutions in the overall level of medical equipment is still very low, in the national primary health care institutions of medical equipment and equipment, about 15% is around the 1970s products, there are 60% in the middle of the last century before the mid-80 products, their replacement process is a demand release process, Will guarantee the rapid growth of China's medical device market over the next 10 years or more.

With the deepening of reform and opening-up, the increasing state support and the acceleration of the global integration process, China's medical device industry has been developed by leaps and bounds. Forward-looking and Investment Forecast analysis report of Chinese medical Device industry [1], China has become the third largest market for medical devices in the world after the United States and Japan in 2005. In 2006, China's medical device exports the first billion dollar mark, import and export value of 10.552 billion U.S. dollars, an increase of 17.57%, the cumulative surplus amount of 3.19 billion U.S. dollars. China's imports and exports of medical equipment in 2007 amounted to 12.697 billion U.S. dollars, an increase of 20.33%, the annual trade surplus of 4.133 billion U.S. dollars.

China's medical device industry compared to developed countries, although there is a gap, but the pace of development of medical devices in China makes the world's eyebrows. The latest development of medical devices in China has also gone to the forefront of the international medical device industry. Over the next few years, China will overtake Japan as the world's second-largest market for medical equipment. By 2010, the total output of Chinese medical devices will reach 100 billion yuan, the share of the world medical Device market will be 5%, by 2050 this share will be 25%.

With the rapid improvement of domestic enterprises ' research and development, as well as the shift of the market center of gravity from High-tech to popularization, the competitiveness of domestic products is gradually enhanced, which provides a rare opportunity for domestic manufacturers to expand their market. It can be foreseen that the future development of China's medical device industry is very large.


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