Analysis of market development prospects of China's medical device industry in 2020Medical technology, medicines, and medical devices are the three pillars of the medical service system. Among them, medical equipment is an internationally recognized high-tech industry, representing the comprehensive strength of a country's high-tech industry. In order to promote the healthy and orderly development of the industry, policies on encouraging the development of the industry and strengthening the supervision of the industry have been issued frequently. At the Politburo meeting on February 21, 2020, it was proposed to increase support for the research and development of reagents, drugs, and vaccines, and promote the accelerated development of biomedicine, medical equipment, 5G networks, and industrial Internet. Therefore, in the context of the country's promotion of "new infrastructure" development, the medical device industry has ushered in good development opportunities. At the same time, the downstream demand market of the medical device industry is vast, which provides favorable conditions for the rapid development in the future.
1. The medical device industry is an important part of my country's medical service system
Medical technology, medicines, and medical devices are the three pillars of the medical service system. Among them, medical devices involve industries such as sound, light, electricity, magnetism, imaging, materials, mechanics, etc. and nearly a hundred professional disciplines. They are internationally recognized high-tech industries with the characteristics of high-tech intensive, extensive interdisciplinary, and technological integration. It represents the comprehensive strength of a country's high-tech.
2. Policies drive the development of the medical device industry
As one of my country's high-tech industries, the medical device industry has frequently issued policies on encouraging industry development and strengthening industry supervision in order to promote the healthy and orderly development of the industry. For example, in August 2019, the State Food and Drug Adminis
3. The downstream demand of the medical device industry continues to grow
With the further improvement and enhancement of people's quality of life, the general enhancement of medical care awareness, and the subsequent large investment in medical care costs, China's medical and health market is expanding. Data show that in 2019, the number of medical and health institutions in my country reached 1.014 million, an increase of 17,000 over 2018; the number of medical and health institutions in my country reached 8.52 billion, an increase of 212 million from 2018. Therefore, the broad downstream market demand will be very beneficial to the development of my country's medical device industry.
The above data comes from the "Market Demand Forecast and Investment Strategic Planning Analysis Report of China's Medical Device Industry" by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute provides solutions such as industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment promotion.