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China's medical device import and export trade maintains a sustained growth momentum

21-04-2021

        According to the development report of China's medical device industry, China's medical device import and export trade has maintained a sustained growth momentum for 11 years. In 2019, China's medical device import and export volume increased by 21.16% over the previous year, of which the import volume increased by 20.84% and the export volume increased by 21.46%. On the whole, China's foreign trade structure of medical devices continues to optimize, the proportion of high-end medical device products has increased, the quality and efficiency has improved, and it has better adapted to the demand and complex changes of the international market, and withstood the test of increasing trade friction. In the complex and changeable situation of China's foreign trade environment, it is not easy for China's foreign trade of medical devices to achieve such results. This benefits from the support of relevant national policies, but also from the continuous innovation of the medical device industry, and the pioneering spirit of many medical device industries.

        At present, the domestic political environment, economic environment, poverty alleviation policy and medical security policy, as well as the implementation of a number of national policies to encourage scientific and technological innovation have played a very positive role in the healthy development of China's medical device industry. At the same time, medical device adverse event monitoring also provides a strong support for the development of the industry.

        The report points out that although China's medical device industry is facing many challenges, it still shows vigorous development and broad prospects; The national regulations and policies on medical device supervision will continue to be improved, the reform of review and approval system will continue to deepen, and the supervision after listing will be further strengthened; Novel coronavirus pneumonia will soon be springing up. More innovative medical devices, especially new medical devices for the prevention and treatment of new crown pneumonia, will be registered. In the future, the policy of medical industry will gradually penetrate into the medical device industry. The number of policy will increase. The policy focus will be shifted with the promotion of medical reform, from macro control to detailed management. Medical insurance and centralized procurement become the focus of policy.

        Based on the comprehensive analysis of the problems faced by China's medical device industry, China's medical device industry will continue to maintain a good momentum of healthy development. However, the growth rate may decrease; The total import and export volume of medical devices will continue to grow, but the growth rate may decline. In short, China's medical device industry will still be in a "golden development period" in the next one to two years.


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