The Development of Medical Devices in China

The gradual opening up of the medical service market has accelerated the speed of domestic and foreign capital investment in China's medical service industry, which has directly led to an increase in the market demand for medical devices. With the continuous improvement of people's living standard, the selection of medical devices will become more and more advanced, its product structure will be constantly adjusted, more diversified functions, the market capacity will continue to expand. As an important industry that promotes economic growth and improves national welfare, the medical device industry is an important part of China's national economy, and with the growing concept of people-centered development, China's medical device industry will gain faster development.

According to the data of "2015-2020 China Medical Device Industry Market Demand Forecast and Investment Strategy Planning Analysis Report Prospect" released by Prospect Industry Research Institute, China's medical device imports grew rapidly from 2009 to 2013, reaching 14.975 billion U.S. dollars in 2013, a year-on-year increase of 20.07%.

China's medical device companies will not reproduce the high growth rate of 30% in previous years, but compared with the developed markets in Europe and the United States, there is still huge room for growth. In the era of mobile Internet, medical devices can be combined with the Internet to do some small monitoring equipment, health big data development, etc., the prospects are very broad.

Currently, China's medical device industry is also copying the growth route of foreign giants, and the main thing to do is to take the route of reorganization and mergers and acquisitions. Special foresight network is expected, don't with the country to encourage domestic medical equipment to improve performance, upgrading, will give China's medical equipment industry to bring more opportunities for rapid development.