What about the medical equipment industry?

Among the medical instruments and equipment owned by the country's 175,000 medical and healthcare institutions, about 15% are products from around the 1970s and 60% are products from before the mid-1980s. This signals that they need to be upgraded, and in the process will ensure rapid growth of China's medical device market in the next 10 years or even longer.

Data from the "China Medical Device Industry Market Demand Forecast and Investment Strategy Planning Analysis Report" released by Foresight.com shows that there are 13,000 hospitals above counties and counties in China, and 52,000 township (township) health centers, with the number of hospital beds reaching more than 3 million. If the country's 13,000 hospitals above the county level, can basically meet Japan's 1980 hospital medical instrumentation standards (RMB 800,000 per 100 beds), then the incremental space of China's medical equipment market is more than 24 billion yuan.

According to the new health care reform related programs, the Ministry of Health in conjunction with the National Development and Reform Commission will invest 100 billion yuan to support the construction of the country's about 2,000 county hospitals, 5,000 central health centers and 2,400 community health service centers, and the configuration of the equipment in the primary health care institutions to carry out centralized purchasing of medical equipment.

Primary medical institutions are gradually adding and updating medical equipment, thus bringing endogenous growth in the industry; in addition, the government in recent years is vigorously transforming and replenishment of primary health care institutions and equipment; in the context of the two industry, the low-end medical equipment market will achieve more rapid growth.

Foresight.com expects that the market share of low-end medical devices will be difficult to decline in 3 years, mainly because: household medical devices and low-end medical devices will continue to grow rapidly, and it is expected that the household market will grow at a CAGR of 30%-35% in 2013-2017, and low-end medical devices will grow at a rate of 25%-30%. Although implantable devices are also in a period of rapid growth, but the growth of high-end medical equipment only rely on the natural renewal of products and county hospitals part of the additional allocation, compared with the growth rate is slightly slower. Therefore, the low-end medical device market is still the main theme of the development of local enterprises in this industry context has a very large opportunity.

Overall, China's medical device industry is still very good, there is still a lot of room for growth, LZ would like to choose to enter the words or can.

I hope my answer will help you.