The national policy environment is conducive to the development of the industry. From 2017 to 2018, various policies were intensively introduced, and the 19th National Congress of the Communist Party of China included the "Healthy China Strategy" in the report; the review and approval of innovative medical devices accelerated, and the pilot of the registrant system continued to advance. The huge favorable policies and a good regulatory environment made the industry feel the arrival of the "good era.

The market will continue to grow and expand. In the past 5 years, the compound growth rate of my country's medical device industry has continued to remain at about 15%. It is expected that in the next 10 years, the industry will maintain an average annual growth rate of more than 10%. At present, the sales ratio of medical devices to drugs in China is about 0.25: 1. In this round of "golden development period" of medical devices, it is also very promising that this ratio will reach or exceed the goal of 1:1 in developed countries in the future.

Because of the epidemic, many medical device companies have been busier than usual this Spring Festival. Medical equipment is an industry closely related to the development level of the country's basic industry. As an important branch of the pharmaceutical industry, medical equipment is still a fast-growing industry in the world today. From a global perspective, medical devices have formed a highly concentrated market, with the three major regional markets of the United States, Europe, and Japan occupying a dominant position. Today, China has become an emerging medical device supermarket with global prospects and has entered a golden period of development.

Medical Device Industry Introduction

Medical devices refer to instruments, equipment, appliances, in vitro diagnostic reagents and calibrators, materials and other similar or related articles (including required software) that directly or indirectly act on the human body, and are mainly used for medical diagnosis, monitoring and treatment. Medical devices are divided into in vitro diagnostics, medical equipment and accessories, high-value consumables, pharmaceutical equipment and other aspects. Among them, in vitro diagnostics accounted for 35%, medical equipment and accessories accounted for 26%, high-value consumables accounted for 18%, pharmaceutical equipment accounted for 16%.