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Medical Devices Industry Will Welcome the “Golden Period of Development”
【Date：2019.03.11 Source：English Web】
Medical Devices Industry Will Welcome the “Golden Period of Development”
National political environment is beneficial to the development of industry
From 2017 to 2018, the various policies are intensively issued. The 19th National Congress of the Communist Party of China write the “Health China Strategy” into the reports; innovate the medical devices review and approval are expedited, registration system pilot is continuously promoted. The great political wrinkles and good legal environment enable the enterprises to feel the coming of “best era”.
Market will be continuously increased and expanded
In the past five years, the recovery increase rate of medical devices industry in China has been maintained about 15%. It is predicted that the industry increasing range will be maintained above 10% in the next 10 years. Currently the sales amount ratio between medical devices and medicines in China is about 0.25:1. During this round of “Golden Period of Development” for medical devices, it is hopeful that the target of this ratio will reach or exceed 1:1 in the developed countries in the future.
Rapid growing of mid-low end medical devices in the stimulation of new medical reform policy
Since the starting of new medical reform policy, the markets for the fields e.g. mid-low end medical consumable items, POCT (point of care testing), local laboratories etc. have been obviously increased. The manufacturing and operation enterprises for medical devices have more and more focused on the standard market, which has displayed the changes of market. In 2019, in the standard medical market, the “upgrading” of equipment and consumable items, as well as the “gap-filling” are still the trend of development.
Domestic medical devices of independent innovation continue to appear
In recent years, China has successively issued the encouraging policies to the domestic medical devices. The good policy incentives enable the domestic medical devices industry to be significantly encouraged. It can be predicted that there must be a large number of domestic innovative medical devices products come out in the next 3 to 5 years. Many medical behaviors will be changed due to the appearance of new technologies and new products.
Export and import of medical devices continue to increase
The data has indicated that the export trend of domestic medical devices is good along with the changes of international market demand and the guidance of China’s “the Belt and Road Initiative”. As well as along with the improvement of scientific and technological level in China, the product structure centering on “low value” will also be changed.
Home-sued medical devices are developed prosperously
The documents indicate that the market scale for home-used medical devices in China is about 75 billion yuan with the annual increase rate is 25%. The diagnosis monitoring instrument e.g. the traditional blood pressure meter, glucometer, echometer etc.; the treatment equipment e.g. the family and individual used hemodialysis machine etc.; the rehabilitation equipment e.g. the medical bed, intelligent working station etc. all have the good performance, as well as appear a number of new intelligent products based on the internet.
The third party service of medical devices are rising
According to the calculation, the medical devices service market will have the market capacity of 100 billion yuan. The medical image, testing, blood purification and pathology are still the main fields of “third party”; the third party service modes e.g. the medical asset management, maintenance integrated solution, expenses package etc. will become more and more; the newly rising third party intensified service modes e.g. logistics platform, disinfection etc. will spring up.
New technology and new products continue to spring up
The new technology is able to create the efficiency, expanses saving for the medical service agencies and patients. The medical devices enterprises will exert the greater effects in the aspects e.g. precaution, diagnosis, treatment and nursing etc. In the next 3 to 5 years, the medical devices industry will introduce a large number of innovation products, the traditional diagnosis and treatment will be overturned.
National political environment is beneficial to the development of industry
From 2017 to 2018, the various policies are intensively issued. The 19th National Congress of the Communist Party of China write the “Health China Strategy” into the reports; innovate the medical devices review and approval are expedited, registration system pilot is continuously promoted. The great political wrinkles and good legal environment enable the enterprises to feel the coming of “best era”.
Market will be continuously increased and expanded
In the past five years, the recovery increase rate of medical devices industry in China has been maintained about 15%. It is predicted that the industry increasing range will be maintained above 10% in the next 10 years. Currently the sales amount ratio between medical devices and medicines in China is about 0.25:1. During this round of “Golden Period of Development” for medical devices, it is hopeful that the target of this ratio will reach or exceed 1:1 in the developed countries in the future.
Rapid growing of mid-low end medical devices in the stimulation of new medical reform policy
Since the starting of new medical reform policy, the markets for the fields e.g. mid-low end medical consumable items, POCT (point of care testing), local laboratories etc. have been obviously increased. The manufacturing and operation enterprises for medical devices have more and more focused on the standard market, which has displayed the changes of market. In 2019, in the standard medical market, the “upgrading” of equipment and consumable items, as well as the “gap-filling” are still the trend of development.
Domestic medical devices of independent innovation continue to appear
In recent years, China has successively issued the encouraging policies to the domestic medical devices. The good policy incentives enable the domestic medical devices industry to be significantly encouraged. It can be predicted that there must be a large number of domestic innovative medical devices products come out in the next 3 to 5 years. Many medical behaviors will be changed due to the appearance of new technologies and new products.
Export and import of medical devices continue to increase
The data has indicated that the export trend of domestic medical devices is good along with the changes of international market demand and the guidance of China’s “the Belt and Road Initiative”. As well as along with the improvement of scientific and technological level in China, the product structure centering on “low value” will also be changed.
Home-sued medical devices are developed prosperously
The documents indicate that the market scale for home-used medical devices in China is about 75 billion yuan with the annual increase rate is 25%. The diagnosis monitoring instrument e.g. the traditional blood pressure meter, glucometer, echometer etc.; the treatment equipment e.g. the family and individual used hemodialysis machine etc.; the rehabilitation equipment e.g. the medical bed, intelligent working station etc. all have the good performance, as well as appear a number of new intelligent products based on the internet.
The third party service of medical devices are rising
According to the calculation, the medical devices service market will have the market capacity of 100 billion yuan. The medical image, testing, blood purification and pathology are still the main fields of “third party”; the third party service modes e.g. the medical asset management, maintenance integrated solution, expenses package etc. will become more and more; the newly rising third party intensified service modes e.g. logistics platform, disinfection etc. will spring up.
New technology and new products continue to spring up
The new technology is able to create the efficiency, expanses saving for the medical service agencies and patients. The medical devices enterprises will exert the greater effects in the aspects e.g. precaution, diagnosis, treatment and nursing etc. In the next 3 to 5 years, the medical devices industry will introduce a large number of innovation products, the traditional diagnosis and treatment will be overturned.
