Demand for medical devices is growing, and the international market is bright

Medical devices refer to instruments, equipment, instruments, in vitro diagnostic reagents and calibrators, materials and other similar or related articles used directly or indirectly in the human body, and are widely used in medical diagnosis, monitoring and treatment. From small to large, from large to strong, it has become a sunrise industry with increasing innovation capacity and strong market demand in China. 

 

In recent years, with the general improvement of residents' living standards and the awakening of health awareness and the promotion of the national medical device industry policy, the medical device market has grown by leaps and bounds, and the demand for products has continued to grow. It has become the second largest in the United States, the European Union and Japan. An important medical device market. With the global manufacturing capacity shift and the improvement of domestic equipment manufacturing capabilities, China has become an important exporter of medical devices. 

 

In the process, the quantity and technological content of equipment exports have also increased. After more than a decade of rapid development, China's medical device industry has been in the forefront of technology in some fields. Under the same technical conditions as the international market, “Made in China” has low cost, high cost performance and huge market competition space. 

 

Recently, the "Blue Book of Medical Devices: China Medical Device Industry Development Report (2018)" issued by the China Drug Administration Research Association in Beijing said that the trade volume along the “Belt and Road” in 2017 reached 6.361 billion US dollars, an increase of 7.7 compared with the same period. %. Under the slogan of the “Belt and Road” horn, medical device companies responded positively and strived to make a share of the market along the route. 

 

The medical device industry is a strategic emerging industry supported by the state and has broad development prospects. Objectively, although domestic medical device manufacturing enterprises are mainly concentrated in the low-end, conventional products with price advantages, there is an urgent need to “renovate” and “fill gaps”. However, in recent years, domestically-made independent innovative medical devices have accelerated and achieved considerable market results in some areas. 

 

At the policy level, in the field of innovative medical devices, the Chinese government has repeatedly issued strong policies, focusing on improving the innovation capability and industrialization level of medical devices, providing fertile ground for independent innovation, encouraging innovative medical devices in multiple dimensions, accelerating the registration and listing process, and achieving relevant Localization of the field. 

 

In the technical field, since 2018, medical equipment development and technological breakthroughs have been continuously innovated. The project “CRP lateral flow immunochromatographic test strip and its supporting automatic fluorescent immunoassay instrument” passed, and some products have been iteratively upgraded; the national science and technology support plan project “Drug gastrointestinal detection and imaging microsystem development” passed the acceptance test. It provides patients with safe, comfortable and more effective disease diagnosis tools, reaching the international leading level. The Gansu Wuwei Medical Heavy Ion Accelerator System has completed the test report and entered the clinical trial stage, marking the completion of the critical steps from the basic research to the people's livelihood application. 

 

From a market perspective, the rise of third-party medical institutions will bring new dawn to the medical device market. It is foreseeable that in the future, emerging intensive service models based on medical device-based third-party diagnosis, inspection, pathology, logistics, disinfection, maintenance, and equipment packaging will accelerate.

Needless to say, with the continuous advancement of science and technology, domestic medical device products will break through from the low-end market to the high-end market. A good macro-policy environment and the promotion of market demand, coupled with the birth of new investment hotspots, will create more possibilities for the internationalization of medical devices.