Medical Device Project Feasibility Study Report-"14th Five-Year Plan" Investment Opportunity
Since the second quarter of 2020, the U.S. sanctions against Huawei again escalated, in the face of the U.S. again and again pressure, a single compromise has no way out, the future only to accelerate the The only way to accelerate scientific and technological innovation to achieve domestic substitution, mastering the core scientific and technological "hard power", in order to truly for the United States to escalate the trade war to draw a "stop". The 14th Five-Year Plan puts "innovation-driven development" in the first place, and "scientific and technological autonomy and self-improvement" is a key part of it, which is the "strategic support for national development", indicating that "innovation and self-improvement" is the key to the development of the country. It is the "strategic support for national development", which demonstrates China's determination to realize independent control of core technologies and domestic substitution.
China as an emerging market, in recent years, the overall growth rate of the medical device industry is basically maintained at about 15-20% (GDP growth rate of 2-3 times), in a period of rapid growth, and reference to the global market, the future growth of the domestic market has huge space. In addition, China's market domestic substitution rate is low, domestic innovative device leading enterprises market share is expected to increase rapidly: most of the high-end sub-fields of medical equipment localization rate is low (example: medical imaging field such as CT/MRI/ultrasound 10% or so, endoscopy 5% or so, orthopedics 10-20%); Domestic medical equipment enterprises are generally small, more than three hospitals are mainly purchasing imported brands, the main battlefield in the grass-roots market of domestic products. Domestic medical device enterprises are generally small in scale, and hospitals above the tertiary level mainly purchase imported brands. At this stage, some of the domestic innovative equipment products have gradually reached the same level as imported products, and the acceleration of domestic substitution and the export of high-quality products have driven the head of enterprises to maintain rapid growth.
Chinese medical device industry domestic substitution
Analysis of the current situation of the development of the medical device industry
In terms of the size of the market for pharmaceuticals compared with the size of the market for medical devices, developed countries have reached the level of 1:1. The basic 1:1, that is, the drug market size and medical device market size is equal, the global average level of 0.7:1, while China's drugs and medical devices than only 0.25. Compared with developed countries, China's drugs and medical devices market ratio is still very unbalanced, the drug market size is far ahead of the size of the medical device market. With the development of science and technology, China's medical device application level will continue to progress, medical device market size will continue to maintain a high rate of growth.
Developed countries, the global average, China's pharmaceutical market and medical device market comparison (unit: %)
With China's economic standard of living continues to improve, people's awareness of health care has gradually increased, and therefore the demand for medical equipment products are also rising, coupled with the fact that China is gradually entering the aging society and the medical equipment market. is gradually entering the aging society and national policy level support for the industry, making China's medical device market size of only 212 billion yuan in 2013, as of the end of 2018, China's medical device industry market size reached 530.4 billion yuan, 2019 will reach 628.5 billion yuan.
China's medical device industry market size and year-on-year growth trend from 2013-2019
From the point of view of the market size of medical device segments: China's medical equipment market size is the largest, more than 300 billion yuan, and the market size of low-value medical consumables and IVD (in-vitro diagnostics) are more than 60 billion yuan. High-value medical supplies in orthopedic transplantation, vascular intervention market is relatively high, respectively, 26.2 billion yuan, 38.9 billion yuan. Compared with the same period last year, the size of the medical device market segments have risen, vascular intervention, other, blood purification, stomatology market size rose more than 20%.
China's medical device market segment size
The medical device market is still the largest segment of China's medical device market, accounting for 56.80%. It is followed by the high-value medical consumables market, accounting for 19.72%. Low-value medical supplies, IVD (in vitro diagnostics) market share of more than 10%.
China's medical device segment market size share
China's medical device segment market size
Despite the expansion of market volume in the medical device industry
Despite the rapid expansion of the market capacity of the medical device industry, China's medical device products are still concentrated in low-end varieties due to the backwardness of the relevant basic sciences and manufacturing processes, and high-end medical devices are mainly dependent on imports.
From the perspective of the consumption structure of medical devices, medical imaging, in vitro diagnostics, consumables (including low-value and high-value) accounted for the highest proportion of cardiovascular, orthopedics and other high-value consumables represented in the stage of high growth rate. Overall, medical imaging field, ct, nuclear **** vibration and ultrasound occupies 16% of the market share in the imaging field, domestic enterprises are mostly based on low-end products, with a market share between 10%-20%; in vitro diagnostic field, foreign enterprises still occupy the domestic in vitro diagnostic market share, due to their technological advantages and "equipment + reagents" closed system strategy. In the field of in vitro diagnostics, foreign companies due to its technological advantages and "equipment + reagents" closed system strategy, still occupy the domestic in vitro diagnostic market.
Comparison of the average proportion of domestic and imported high-end medical devices in China
At this stage, China's medical device market is basically composed of high-end products accounting for 25%, and middle and low-end products accounting for 75%; and the basic composition of the international medical device market is that high-end products account for 55%, and middle and low-end products account for 75%. 55% of the international medical device market, the share of high-end products is generally 55%, low-end products accounted for 45%.
And in China's medical equipment accounted for 25% of the high-end products market, 70% of the foreign occupation, which 70% of foreign-funded enterprises in the medical imaging equipment and in vitro diagnostic technology barriers in the field, market share of more than 80%, while China's medical equipment enterprises are mainly produced low-end varieties.
With the provinces and cities one after another in the "Made in China 2025" in their respective regions in the transformation and upgrading of medical equipment enterprises and development to make important deployments, and put forward their own 2020 and 2025 domestic device development goals. Therefore, while the industry scale is growing rapidly, the proportion of domestic devices, especially in the application of county-level hospitals, will be greatly improved.
Medical device industry market development space is huge
With the improvement of the global population's living standards and health care awareness, in recent years, the demand for medical device products continues to grow. It is expected that the market size of China's medical device industry will exceed 900 billion yuan in 2022, and its industry market outlook is very broad.
Forecast of China's medical device industry market size and year-on-year growth trend in 2020-2022
First of all, the proportion of China's import substitution has increased dramatically, especially for high-value consumables, such as large-scale medical imaging equipment and cardiac stents. Although the process of import substitution of some high-precision medical devices is far from complete, the initial market education of import substitution in the field of medical devices has been completed, forming a trend and wave in the entire medical device industry and accelerating.
Secondly, the country has intensively introduced medical device-related innovation policies, such as the "Opinions on Deepening the Reform of the Review and Approval System to Encourage Innovation in Drugs and Medical Devices" and the "Three-year Action Plan to Enhance Core Competitiveness of the Manufacturing Industry (2018-2020)" which puts accelerating the approval of innovative medical devices and the development of the high-end medical device industry as a key focus. In recent years, national investment has continued to increase, and financial support for medical devices has grown exponentially. The state's prioritization of medical device approvals is getting stronger and stronger, and it is expected that in the future the prioritization of high-precision medical device approvals will gradually become a norm, thus providing a boost to the rapid growth of medical devices.
Again, the distribution channels and prices of medical devices will be further standardized. With the basic implementation of the national drug distribution and price rectification, medical devices have also begun the related two-invoice system and other pilots, removing unnecessary links in the sales channel, so that manufacturers and patients can profit, thus enabling the development of the medical device industry to form a virtuous cycle, which in turn improves the quality of medical devices demand.
Of course, there are many other favorable underlying factors, such as talent and the improvement of the industrial chain. Factors such as the return of overseas talents, the exodus of talents from foreign companies, and the cultivation of talents in large domestic medical enterprises have made it easier to obtain excellent scientific and technological talents, sales talents, and marketing talents. China's industrial chain has been relatively complete, making it easier and faster to obtain the relevant core components of medical devices.
After years of accumulation and precipitation, the conditions for medical device innovation in China have matured, and medical device innovation has already had the foundation and assistance for rapid development, and China's medical device innovation has entered the golden decade.
Medical Device Project Feasibility Study Report Preparation Outline
Chapter 1 General Introduction
1.1 Background of the medical device project
1.2 Conclusion of the feasibility study
1.3 Table of major technical and economic indicators
Chapter 2 Project Background and Investment Necessity
2.1 Background of Medical Device Project
2.2 Investment Necessity
Chapter 3 Market Analysis
3.1 Analysis of the Industry to Which the Project Product Belongs
3.2 Competitive analysis of products
3.3 Marketing strategy
3.4 Conclusion of market analysis
Chapter 4 Construction conditions and site selection
4.1 Geographic location of the construction site
4.2 Site construction conditions
4.3 Supply of the main raw and auxiliary materials
Chapter 5 Engineering and Technical Programs
5.1 Project Composition
5.2 Production Technology Programs
5.3 Equipment Programs
5.4 Engineering Programs
Chapter 6 General Transportation and Utility Works
< p> 6.1 General Transportation6.2 On and Off-site Transportation
6.3 Utility Auxiliary Works
Chapter 7 Energy Conservation
7.1 Energy Consumption Standards and Energy Conservation Norms
7.2 Analysis of Energy Consumption Situation and Energy Consumption Indicators
7.3 Energy Conservation Measures
7.4 Water Conservation Measures
7.5 Land Conservation
Chapter 8 Environmental Protection
8.1 Environmental Protection Implementation Standards
8.2 Environmental and Ecological Status Quo
8.3 Major Pollution Sources and Pollutants
8.4 Environmental Protection Measures
8.5 Environmental Monitoring and Environmental Protection Agency
8.6 Public Participation
8.7 Environmental Impact Assessment
Chapter 9 Labor Safety and Health and Fire Protection
9.1 Labor Safety and Health
9.2 Fire Protection Safety
Chapter 10 Organizational Structure and Human Resource Allocation
10.1 Organizational Structure
10.2 Human Resource Allocation
10.3 Project Management
Chapter 11 Project Management and Implementation Schedule
11.1 Project Construction Management
11.2 Project Supervision
11.3 Project Construction Duration and Schedule
Chapter 12 Investment Estimation and Funding
12.1 Investment Estimation
12.2 Funding
12.3 Investment Utilization Plan
12.4 Investment Estimation Table
Chapter 13 Engineering Bidding Program
13.1 General Provisions
13.2 Bidding Procedures Adopted for the Project
13.3 Contents of the Bidding
13.4 Table of Bidding Basics
Chapter 14 Financial Evaluation
14.1 Basis and Scope of Financial Evaluation
14.2 Selection of Basic Data and Parameters
14.3 Estimation of Financial Benefits and Costs
14.4 Financial Analysis
14.5 Analysis of Uncertainty
14.6 Conclusion of Financial Evaluation
Chapter 15 Project Risk Analysis
15.1 Identification of Risk Factors
15.2 Risk Assessment
15.3 Risk Countermeasure Study
Chapter 16 Conclusion and Recommendation
16.1 Conclusion
16.2 Recommendation
< Strong> Attachments:
Associated Reports:
Medical Device Project Application Report
Medical Device Project Proposal
Medical Device Project Business Plan
Medical Device Project Funding Application Report
Medical Device Project Energy Efficiency Assessment Report
Medical Device Industry Market Research Report
Medical Device Industry Market Research Report
Medical Device Industry Market Research Report
Medical Device Industry Market Research Report
Medical Devices Project PPP Feasibility Study Report
Medical Devices Project PPP Value-for-Money Evaluation Report
Medical Devices Project PPP Fiscal Affordability Assessment Report
Medical Devices Project PPP Fiscal Affordability Assessment Report
Medical Device Project Funding and Financing Balance Program