Encourage medical devices to import substitute products.

We are more optimistic about the medical device industry. Driven by the policy, the pace of localization of medical devices in China is accelerating, and the trend of import substitution is obvious. The low-end Red Sea market is gradually moving closer to the high-end Blue Ocean market. At the same time, the grading diagnosis and treatment policy has landed, and the primary medical market has become a breakthrough opportunity for domestic medical device manufacturers.

The Analysis Report on Market Demand Forecast and Investment Strategic Planning of China Medical Device Industry shows that the overall development trend of the medical device industry is good, the output value keeps expanding, and it has maintained double-digit growth for many years. According to statistics, in 2008, the output value of China's medical device industry was 67.735 billion yuan; By 20 14, the output value has increased to 21758 billion yuan, with a strong growth momentum.

To sum up, driven by the policy, the medical device industry will maintain rapid development in the next decade. In the short term, domestic manufacturers should deepen the primary medical market and seize the share with cost-effective products. In the long run, China's per capita expenditure on medical devices is much lower than that of developed countries, and there is huge room for growth. The potential demand still needs to be further tapped.