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The domestic medical device market is growing rapidly, and may exceed trillion in 2021

28-03-2021

        In recent years, with the continuous improvement of China's economic and living standards, people's awareness of health care is growing, and the national policy support for the industry is making China's medical device market show a sustained and rapid growth trend.

        Statistics show that in 2015, the market scale of China's medical device industry exceeded 300 billion yuan, and in 2017, the market scale of China's medical device industry increased to 445 billion yuan, with a year-on-year growth of 23.3%. In 2018, the market scale of China's medical device industry exceeded 500 billion yuan, reaching 525 billion yuan, with a year-on-year growth of 18%.

        In addition, some data show that the main revenue of medical device manufacturers in China will be about 638 billion yuan in 2019. According to the industry forecast, according to the above development trend, the main revenue of domestic medical device manufacturers is expected to exceed trillion yuan in 2021-2022.

        On the whole, the domestic medical device industry is in the stage of rapid development. In the future, with the support of more favorable policies, domestic devices will accelerate the pace of import substitution, coupled with aging, consumption level upgrading and other factors, the industry generally believes that China's medical devices will show a strong development prospect in multiple segments, such as consumables, diagnostics and reagents.

        Among them, the growth of medical consumables is relatively good. This is mainly because the demand for consumables comes from the amount of surgery. At present, the growth rate of surgical operation in China tends to be stable, and non-surgical operation is also in the period of accelerating outbreak.

        Hangzhou Fushan medical is an innovative enterprise focusing on the production of medical consumables.Fushan sells various kinds of products, which refers to anesthesia series, gastroenterology series, surgical drainage series, urology and gynecology series etc. Fushan has been committed to caring for human life and health and providing high-quality medical supplies for the market.

        In the long run, driven by domestic medical reform policies such as encouraging innovation and market demand, the import substitution of domestic medical devices will accelerate, and the future medical device industry will maintain a high prosperity for a long time.


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