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Opportunities for companies in the medical device industry

2020-07-24

Under the promotion of nearly 30 rounds of national drug price reduction and a series of policies such as "one product, two regulations and two envelopes" in the new health care reform, the profits of the drug market have been increasingly diluted and become increasingly difficult to do. This makes the expected market of medical devices become the field that manufacturers try to explore. With the support of 850 billion government funds, 200 billion market capacity, 30% annual growth rate and no less than 10 M & A cases every year, all show the charm of this sunrise industry. From the perspective of policy, the state is promoting the upgrading of the industry. As a high value-added industry, medical devices are getting more and more policy support. It is timely to dig into the market potential of the medical device industry.

National macro policies with bright prospects

According to the "Twelfth Five Year Plan" of medical device science and technology industry, we will focus on supporting 10-15 large-scale medical equipment enterprise groups, 40-50 innovative high-tech enterprises, establish 8-10 medical equipment science and technology industrial bases and 10 national innovative medical device product demonstration and application bases, improve the industrial chain, optimize the industrial structure, improve the market share, and significantly improve the medical devices International competitiveness of machinery industry. It is estimated that the output value of new medical devices brought about by scientific and technological progress and demonstration application will be 200 billion yuan, and the proportion of export value in the total international market will increase to more than 5%.

Faced with the situation that China's large-scale medical equipment market is monopolized by foreign investors, relevant leaders said that the medical equipment industry has become the development engine to drive the national scientific and technological progress, lead the multi-disciplinary technological progress and promote the economic growth. In the future, China will vigorously develop domestic medical equipment, reduce medical costs, and ensure that financial funds give priority to purchasing domestic medical equipment through strict implementation of government procurement law.

Introduction of favorable policies for medical devices


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