2018 Analysis of the status quo of the development of medical device industry |

Medical Network January 17 hearing

China's medical equipment industry from small to large, rapid development, from the initial stage of primary care to the initial stage of expansion to the initial stage of class, and then to the private capital in the 1990s to promote the structural changes in the stage, the Chinese medical device industry has completed the original technology and Capital accumulation, and the initial adjustment of product structure and regional industrial layout.After the start of the new medical reform, the industry ushered in a new historical period.Now has become a product category is relatively complete, innovative ability is growing, the market demand is very strong in the sunrise industry Especially in recent years, the medical device industry has further accelerated the pace of development, the market for many years to maintain high growth, the number of export products and technological content are also rising.China's medical device industry in 2016 achieved a total sales revenue of 244.8 billion yuan, an increase of 7.9 %. With the residents of our country for medical treatment health The demand for further growth is expected in 2018 China's medical device industry market will reach 290 billion yuan.

Figure 1: Market Size and Forecast of China's Medical Device Industry from 2010 to 2018 (Unit: 100 million yuan)

Source: Foresight Industry Institute finishing

Judging from the product structure of China's medical device market in the recent three years, imaging diagnostic equipment occupies the largest market share, maintaining about 40% in recent years and showing an increasing trend; followed by various types of consumables, accounting for about 20% Market share; orthopedic and implantable medical device market share declining; the remaining market share of dental and other types of equipment occupied.

Exhibit 2: Market Share of Various Products in China's Medical Device Market in 2017 (Unit:%)

Source: Foresight Industry Institute finishing

As China's medical device industry started late, the development of earlier, advanced technology and foreign medical device companies to enter the market of our country quickly gained market leadership .To change and regulate the domestic medical device market, our government has introduced policies and measures to simplify the administration Approval procedures, provide support in the R & D and export tax rebates, and encourage localization and innovation of medical devices and import substitution.

Thanks to the national policy support and the increasing demand from the industry, China has fully realized import substitution in the low-end medical device products. In the high-end fields, the enterprises are also increasing codes to enhance the R & D technology. It is noteworthy that the grading medical treatment and reform conference Continue to deepen and gradually spread throughout the country, grading medical treatment to bring the allocation of medical resources to the grassroots, will mean more opportunities for domestic equipment.Large primary health care market, has always been a paradise for domestic brands, At the policy level, the state encourages and supports grass-roots medical units to use excellent home-made medical devices and equipment. In the next two years, grassroots equipment, testing and diagnostic equipment, household equipment related to chronic diseases, medical rehabilitation equipment, follow- Ultrasound and other safe and convenient imaging equipment, or become the focus of attention.

Exhibit 3: Competition in China's medical device industry in 2017 (Unit:%)

Source: Foresight Industry Institute finishing

Figure 4: China's medical device market competition in the brand pattern

Source: Foresight Industry Institute finishing

However, in the high-end medical market, foreign-funded medical device companies have long been championed.In the competition with foreign advanced medical device manufacturers, the domestic enterprises are still mostly price wars in most cases, Development experience, R & D strength to a certain extent determines the quality and level of industry profits.

The development of the medical device industry is related to the achievements made by our residents in building a "great health". The government of our country has promulgated dozens of policies in a few years and has facilitated the development of the medical device industry in all aspects.

Figure 5: Key Interpretation of Medical Device Industry

Source: Foresight Industry Institute finishing

November 2017, national food drug Regulatory Administration issued a "acceptance medical instruments Technical Guidance on Data from Overseas Clinical Trial Data. "The Guiding Principles put forward the ethical principles, the principles of law and the scientific principles for accepting data from overseas clinical trials and clarified the data requirements and technical requirements of data from overseas clinical trials. Test population, differences in clinical trial conditions, and other considerations and technical requirements when accepting information from overseas clinical trials, and give specific examples of the clinical implications of different factors on the clinical data.

The promulgation of this guiding principle will help to avoid or reduce repetitive clinical trials and speed up the process of listing medical devices in China, and will further shorten the period of research and development and application of medical devices in our country and help the medical device industry to accelerate its development.

The above data and analysis are from the forward looking Institute of Industry "2018-2023 China's medical device industry competition and lead enterprise analysis report".