More optimistic about the medical device industry. Driven by policies, the pace of localization of medical devices in my country continues to accelerate, and the trend of import substitution is obvious, gradually moving from the low-end red ocean market to the high-end blue ocean market. At the same time, the hierarchical diagnosis and treatment policy has been implemented, and the primary medical market has become an opportunity for domestic medical device manufacturers to break through.
Reference to the "China Medical Device Industry Market Demand Forecast and Investment Strategic Planning Analysis Report" shows that overall, the medical device industry has a good development trend, with output value continuing to expand and maintaining double-digit growth for many consecutive years. According to statistics, in 2008, the output value of my country's medical device industry was 67.735 billion yuan; by 2014, the output value had increased to 217.591 billion yuan, with strong growth momentum.
To sum up, driven by policies, the medical device industry will maintain rapid development in the next ten years. In the short term, domestic manufacturers must delve into the primary medical market and seize market share with cost-effective products. In the long term, my country's per capita expenditure on medical devices is far lower than that in developed countries. There is huge room for growth, and potential demand still needs to be further tapped.