Medical device industry is a multidisciplinary and technology-intensive industry. Multidisciplinary intersection is reflected in the fact that it involves polymer materials, life sciences, clinical medicine and other disciplines; technology-intensive is reflected in the fact that its production technology involves the joint application of medicine, machinery, materials and other technologies, and it is a typical high-tech industry. It is a typical high-tech industry, because it is related to human life and health, and is an important part of the construction of medical and health care system, and has a high strategic position. The degree of development of medical device industry has become an important indicator of a country's scientific and technological level and national modernization level. The industry has become one of the important components of modern clinical medical treatment, disease prevention and control, public health and health protection system, and has formed an industry with a broad market and stable demand.
1、Status quo of international industry
With the economic development, population growth, social aging, and the increasing awareness of health care, the global medical device market demand continues to grow rapidly, the medical device industry is one of the fastest growing industries in the world today. According to the statistics of the European Union Medical Devices Committee, the total sales of global medical devices market has risen rapidly from US$246.8 billion in 2004 to US$501.8 billion in 2014, with a compound annual growth rate of 7.35%, and the growth rate of the global medical devices market exceeded the growth rate of the GDP in the same period, with the former being about two times of the latter.
2004-2014 global medical device market sales scale
Source: Public Information
From the global market pattern, after a long period of development, the medical device industry of developed countries in Europe and the United States has entered into a mature stage and has formed a huge sales network.
The U.S. is the world's largest medical device market, where global medical device companies gather, and the level of science and technology and the intensity of capital have made the region's market position unshakeable. The EU is the second largest medical device market in the world after the US. At the end of 2014, the population of the 28 countries in the EU reached more than 508 million people, and the region has a good economic foundation, strong consumption capacity of medical devices, the market still retains the built-in driving force. The medical device market in Asia-Pacific region represented by China is the potential medical device market in the world. According to statistics, the average annual compound annual growth rate of medical device market in Asia-Pacific region in 2009 and 2012 is 10.2%, which is higher than the global average level, and the share of global medical device market will be significantly increased. Although at present, developing countries are mainly engaged in the processing and production of medical devices with low profit margins. However, with the advancement of science and technology and the development of manufacturing industry, as well as the vast market brought by the huge population base, the future market prospect is very broad.