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The medical pendant market has huge potential

2017-10-30

China Medical Materials Association officially released the "2013 Blue Book of China's Medical Device Industry Development Status" in Beijing. In the past 12 years, the sales scale of China's medical device market has increased from 17.9 billion yuan in 2001 to 170 billion yuan in 2012. Excluding the impact of price factors, it has increased by nearly 9.4 times in 12 years. According to the sample survey statistics of the Medical Devices Branch of the China Medical Materials Association, the total sales scale of China's medical equipment and medical suspension bridge market reached 141 billion yuan in the first October of 2013, and the annual sales scale is expected to reach 212 billion yuan, exceeding the 200 billion mark for the first time. An increase of 21.19% over the previous year.

With the advancing of China's urbanization process and the advent of the age of aging, as well as the release of grassroots market demand brought about by the continuous deepening of the reform of the medical and health system, my country's medical device industry is facing more new opportunities and has abundant growth momentum. It is also worth mentioning that with the increasing prosperity of online shopping, pharmaceutical e-commerce has increasingly become an important sales channel for household medical equipment and other categories.

Compared with the global medical equipment accounting for 42% of the total pharmaceutical market, my country's medical equipment medical pendant market only accounts for about 14% of the total pharmaceutical market, and there is a lot of room for development. Experts pointed out that my country's population is huge and the medical system is in the process of improvement. The medical device market has huge potential, and the compound annual growth rate will be maintained at 20%-30%. Analysts at PharmaLive Consulting Company predict that by 2050, my country's share of the world medical device market will reach 25%. The growth momentum mainly comes from the country's new medical reform investment, the aging of the population and the increase in residents' health care needs.

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