2017 The global market for medical devices reached 421.8 billion U.S. dollars and the industry mergers and acquisitions are in the ascendant

Feb. 01, 2018 ---- Global Market Research Institute In its latest research report, "2017 Global Medical Devices Market Review and Outlook 2018", Jibang Consulting said that the global market for medical devices is estimated to be 428.1 billion U.S. dollars in 2017, The overall medical device market is in steady growth. It is estimated to reach 517.4 billion U.S. dollars by 2021 and 4.78% CAGR between 2016 and 2021.

In the sub-region, Ciba state biotechnology industry analysts Cai Shang pointed out that the United States is still the world's largest single market for medical devices, accounting for nearly half of the global market.Asia plays an important driving force in the global medical device market expansion, of which China Of the overall medical environment and clinical medical equipment demand is growing, in addition to the domestic demand is not fully meet the needs of the market, the new medical device regulations announced after the majority of non-compliance out of equipment companies, and thus release more market Opportunities: ASEAN countries are also rapidly developing. Other regions such as the Middle East Gulf Alliance and all the countries in North Africa, India, Russia and Latin America have seen positive growth in their regional politics and their economic development and clinical needs will all grow in recent years. To have the potential for growth in the market.

Cai Shang pointed out that due to the maturity of digital imaging technology, the gradual realization of the concept of accurate medical treatment and the intervention of digital technologies such as Internet of Things (IoT) applications, the core market trend is to collect and organize medical data Making the medical device industry a large number of horizontal and vertical mergers and acquisitions, which led to the huge movement of the industry from the world's top 20 medical device companies in 2017 Medtronic is still in the medical device market leader; Abbott acquired Alere and St. Jude Medical , Reinforcing product lines and channels, and the most positive one is Philips, which acquired the largest number of mergers and acquisitions in 10 companies in 2016 after taking the lighting department out in 2016. The M & A strategy in the next few years will still be International medical device companies, access to technology, product lines, patents, channels and markets, key strategies will also affect the overall medical device market trends.

Looking at the trend of global medical device regulations in 2017, the trend has been drastically drastic, including the changes and amendments to medical device regulations in the United States, the EU and China, and the beginning of the business development trend that will affect the overall future of medical devices. Among them, The most drastic changes in the laws and regulations of the device.The United States in 2017 by 21st Century Medical Act implementation of a series of innovative digital medical and medical devices program; the EU is the new law MDR / IVDR the content of the regulations with the United States synchronization.

In the past few years, China has made a lot of health care reform measures and the "Opinions on Deepening the Innovation of Examination and Approval System for Drugs and Encouraging the Innovation of Medical Devices" promulgated in 2017 is expected to release a number of new measures in the direction of the reform that will continue the document in 2018. With regard to China In terms of the development of the medical industry, the reform of medical device regulations and quality standards will be continued in 2018, with the introduction of new systems such as the marketable permit holder system and two-vote system, which will reshape the medical device market in China. Although "Made in China" However, the demand for quality management of medical devices will also bring about the import demand for medical devices in the Chinese market within a short period of time. The Chinese market channel, manufacturing and marketing system will also continue to be consolidated in 2018.

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