The prospects are good.
China's domestic medical equipment enterprises continue to progress, the current competitive advantage in the low-end market, the emergence of a number of such as Yuyue Medical, JiuAn Medical, MengFaLi, SanNuo biological enterprises with international competitiveness.
And 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 seize the market share.
And as the health consciousness of the people continues to improve, people's awareness of self-care increases, and the new health care reform policy on medical equipment has also given enough attention. The entire medical device industry market is also developing rapidly, the total profit growth is much higher than the average level of the pharmaceutical industry.
Home medical devices are generally divided into four categories: therapeutic devices, testing devices, health care devices and rehabilitation devices, such as thermometers, hearing aids, blood pressure monitors, blood glucose monitors, traction devices, high-potential therapeutic devices, and warm physical therapy beds. China has close to 200 million hypertensive patients and more than 60 million diabetic patients, similar chronic diseases have a great potential for the demand for home medical equipment.