What is the development prospect of medical devices in China?

The prospect is very good, the market is broad, and the profit is big, according to the Prospective Industry Research Institute "2016-2021 China Medical Device Industry Market Prospecting and Investment Forecast Analysis Report", with the people's health consciousness continues to improve, people's self-care awareness of the enhancement of the new health care reform policy of medical equipment has also given enough attention. The entire medical device industry market is also developing rapidly, with total profit growth much higher than the average level of the pharmaceutical industry. \x0d\ report shows that in 2011, China's national medical device market reached 17.66 billion yuan, an increase of 28.3% over the same period of the previous year, with an average compound annual growth rate of 29.8% from 2006 to 2011. But on the other hand, China's national medical devices accounted for a low share of the medical device industry, only 13% in 2011, far below the global level of 25%, with huge growth potential. It is expected that by 2013, the size of China's national medical device market will reach 29 billion yuan. \x0d\ For those sick groups who have just been discharged from the hospital, there is an urgent need to use a variety of home medical equipment for ongoing rehabilitation after discharge. \x0d\\ Home medical equipment is generally divided into 4 categories such as therapeutic instrument class, testing class, health care class and rehabilitation class, like thermometers, hearing aids, blood pressure monitors, blood glucose meters, traction, high potential therapeutic instrument, warm physical therapy beds and so on. China has close to 200 million hypertensive patients and more than 60 million diabetic patients, similar chronic diseases have great potential for the demand for home medical equipment. With the investment of national medical security, the improvement of consumption level, and the continuous change of consumer attitudes, the Prospective Industry Research Institute expects that in 2013, China's massage equipment, electronic blood pressure monitors, blood glucose meters market size will reach 6.59 billion yuan, 5.20 billion yuan, 2.40 billion yuan, respectively. \x0d\ Currently, the global high-end home medical equipment market is basically dominated by the products of the United States, Germany, and Japan, and well-known multinational enterprises have invested in China to set up production bases to capture market share. After years of development, China's domestic medical equipment companies continue to progress, and now have a clear competitive advantage in the low-end market.