It is worth noting that China Medical Industry Information Center recently released the "China Health Industry Blue Book (2015 Edition)" (hereinafter referred to as the "Blue Book"), which Outlines the development status of China's medical device industry through full and accurate data, and makes optimistic predictions:

In the future, China's medical device industry will grow further and a large number of innovative products will be on the market. Domestic medical equipment will further replace imported products; Internet medical treatment will become a new booster for the growth of the medical device market; The market size will reach 6000.3 billion yuan in 2019.

The market expansion has more than doubled in five years, and a large number of innovative products will be launched

After the launch of China's new medical reform in 2009, local governments have significantly increased investment in infrastructure construction of grassroots medical and health service institutions. At the same time, the number of visits by health services is on the rise. This makes China's medical device market ushered in an unprecedented era of rapid development. So, how much has China's medical device market expanded in the last 5 years? The blue book gives the answer with statistical data: from 2010 to 2014, the total market volume of medical devices in China has increased from 128.4 billion yuan to 276 billion yuan, with an average annual compound growth rate of 20.8%, which is equivalent to more than doubling the market size within 5 years. The data analysis results from China Medical Industry Information Center also show that among the numerous medical device products, medical imaging diagnosis and treatment equipment, in vitro diagnosis and testing products, high value medical consumables and implants are the main products in China's medical device market. In 2014, these three categories of medical devices accounted for 19%, 16% and 13% of the total sales of China's medical device market, respectively. It is worth noting that the center expects: in the next few years, China's medical market and medical device market will maintain a high growth momentum; By 2019, the scale of China's medical device market will reach 6000.3 billion yuan, with an annual compound growth rate of 16.8%. During this period, as the government departments further strengthen the control of medical costs, the price negotiations in the medical device market will become more intense, and medical device products with high cost performance will have greater competitive advantages. At the same time, more innovative medical device products will enter the market.

Old patterns and new forces coexist, and the survival of the fittest is getting worse

China's medical device industry started late, for many years there are many small scattered manufacturers, lack of innovation problems. With the rapid development of China's medical device market, whether the old industrial pattern has been changed. Blue book carries on the objective analysis on this: at present, China has a total of nearly 16,000 medical device production enterprises, high risk third type of medical device production, operating enterprises have more than 2600. Based on the total medical device market of 276 billion yuan in 2014, the average income of medical device manufacturers is only about 17 million yuan. This means that at present, most medical device manufacturers in China are small and medium-sized enterprises, and their technology level is low, and they mainly sell their products in regional markets in local areas. However, after the rapid development in recent years, a number of medical device enterprises with considerable scale and competitiveness have emerged in China's medical device industry. According to the analysis results of China Pharmaceutical Industry Information Center, the top three medical device enterprises in China in 2014 are Shandong Weigao, Shenzhen Mindray and Xinhua Medical. Representative enterprises in the medical equipment industry include Neusoft Medical, Shenzhen Mindray, Shangmo Group, Xinhua Medical, etc.; Representative companies in the high-value medical consumables and implants industry include Shanghai Minimally Invasive, Shandong Weigao, Lepu Medical, etc. Representative enterprises in low-value consumables industry include Shandong Weigao, Zibo Shanchuan, Jiangxi Hongda, etc.

The representative enterprises of in vitro diagnostic and testing products are Kehua Bio, Da 'an Gene, etc. In addition, diving medical and other enterprises in other medical equipment plate has also achieved considerable development. For medical device companies, M&A is a necessary means to expand scale or cross into new market segments. Blue book analysis points out that in 2014, China's medical device enterprises M&A activity is active. Because the vast majority of enterprises in China's medical device industry are still small and medium-sized enterprises, it is expected that the merger and reorganization of enterprises in the future is still inevitable. Some medical equipment enterprises with low technology content and small scale may be eliminated in the market competition. On the contrary, some local medical device enterprises with sufficient scale will have the opportunity to join the international cooperation and try to explore the international market more.

Domestic products have further replaced imports, and Internet + has triggered an investment boom

For the development of domestic medical devices in the future, the Blue Book made a positive forecast: In countries strongly advocated family planning agencies use domestic medical equipment, health focus to promote 3 armour hospital application ideas under the guide of domestic medical equipment and medical device manufacturing enterprise as Chinese technology become more mature, more perfect marketing system, the domestic medical equipment product to replace imported products will become a necessary development process. Today, the integration of the Internet and medical devices is springing up. "According to the characteristics of medical device products, medical device is the most easily integrated with the Internet in the health industry segment." Analysts from China Medical Industry Information Center point out that with the rise of Internet medical treatment, some new medical devices, such as wearable devices and home intelligent medical devices may become new investment hotspots in the medical device industry, and become a new booster to promote the growth of the medical device market.