2007 China Medical Device Industry Research Consulting Report

In 2007, the reform of the medical system was initiated, and the government will increase investment in the basic public health network, which will undoubtedly bring greater market space to medical device manufacturers. According to an authoritative survey report, about 15% of the medical instruments and equipment owned by 175,000 medical and health institutions nationwide were products around the 1970s and 60% were products before the mid-1980s.

This also indicates that they need to be replaced, and in this process, it will ensure the rapid growth of China's medical device market in the next 10 years or even longer. China currently has 13,000 hospitals at or above the county level, 52,000 hospitals in townships (towns), and more than 3 million hospital beds. If 13,000 hospitals at or above the county level in the country can basically meet Japan's 1980 hospital medical equipment standards (RMB 800,000 per 100 beds), then the incremental space of China's medical equipment market exceeds 24 billion .

According to the "Eleventh Five-Year Plan", the pilot coverage of the "New Rural Cooperative Medical System" will be expanded to 60% of the country's counties (cities, districts) in 2007. It will be basically implemented throughout the country in 2008 and the goal of basically covering rural residents in 2010 .

From the perspective of per capita health and medical expenses, it is currently 1,261 yuan in urban areas and 301 yuan in rural areas. Suppose that if the rural population reaches the level of urban per capita health care costs in 5 years, 10 years, and 15 years, the average annual increase in rural health care costs is 33%, 15%, and 10%. This will constitute a major positive for domestic low-end brand medical device companies.

In addition to scale, the adjustment of China's medical device product structure is also a huge market. According to statistics, the market size of low-end and medium-end medical equipment accounts for about 75% of the overall market size, much higher than the global level of 45%. In the future, the functions of medical devices in China should extend from simple diagnosis, treatment and testing to diagnosis, treatment, testing, analysis, rehabilitation, physical therapy, health care, and physical fitness. It is foreseeable that China's medical device industry will usher in a huge development period in 2007 and the next few years.

Opportunities always coexist with challenges. At present, the market is developing towards high-end. China's medical device market is growing at an annual rate of nearly 10%, and the sales of high-end medical equipment has reached a growth rate of more than 20%. However, the high-end market of China's pharmaceutical machinery industry has long been occupied by foreign companies. Most domestic medical devices belong to low-end products, and the high-end market share is less than 1/3.

China's high-end medical equipment market is mostly the products of Philips, GE and Siemens. The vast majority of domestic companies, with the exception of Mindray and a few others, have little hope of entering this field due to insufficient technology and poor stability.

Among the listed companies in China's medical device industry, Weir Technology, Wandong Medical and Xinhua Medical, as manufacturers of conventional products in China's medical device segment, have a large market share in China. However, as the medical device industry, as a high-tech industry, faces competition from foreign multinational companies, how can Chinese companies win high-end market share? And according to the industry development environment and trends, formulate development strategies? Under the leadership of domestic medical experts and economists, this research consultation report is based on the National Bureau of Statistics, the General Administration of Customs, the National Development and Reform Commission, the State Food and Drug Administration, the China Medical Device Association, the China Chamber of Commerce for Import and Export of Pharmaceutical and Health Products, and the China The basic information of medical newspapers, China Industry Research Network and other relevant domestic and foreign newspapers and magazines, as well as a large amount of information published and provided by medical device professional research units, focused on the following issues: China's medical device technology and market status, economy of major production areas Indicators, main problems and future trends.

It focuses on the detailed analysis and research of the industry's operating status and the technology and market conditions of medical electronic instruments, disposable medical appliances, biomedical equipment, ultrasound diagnostic equipment, ventilators, anesthesia machines, etc., and gives various types of products. Technology overview, development trends, import and export analysis, competition analysis, market share, market potential, market distribution, product sales and promotion methods, medical institutions' purchase decision process, and market prediction of the medical device industry, and investors and production The company made recommendations.

The report is rich and detailed, using a large number of graphs and tables, with in-depth and thorough analysis, and unique insights for enterprises to understand the current development status of the medical device industry, grasp the industry development trends, and formulate development strategies (entry, exit, integration, Upgrade, etc.) provides a lot of information and a strong reference basis.

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