Medical device industry is a multi-disciplinary, knowledge intensive and capital intensive high-tech industry, which involves medicine, machinery, electronics, plastics and other industries. The basic feature of high-tech medical equipment is digitalization and computerization, which is the crystallization of multi-disciplinary and cross field modern high-tech. its products have high technology content and high profits. Therefore, it is the commanding point of competition among the major countries of science and technology and the international large companies, with high threshold for intervention. Even in the sub industries with low overall gross profit rate and low investment, there will continue to be products with high technology content, from which some enterprises with strong profitability will emerge. Therefore, the general trend of the industry is high investment and high income.
1、 Development status of medical device industry
With the continuous improvement of people's living standards, the selection of medical devices will become more and more advanced, its product structure will continue to adjust, its functions will be more diversified, and its market capacity will continue to expand.
Market scale of China's medical device industry in 2010-2014 (100 million yuan)
Relevant report: according to the 2016-2022 China Medical Device Market Research and development trend research report released by Zhiyan consulting, the annual CAGR of sales revenue of China's medical device industry was 27.4% in 2005-2010. In 2010, the sales revenue of the medical device industry reached about 110 billion yuan, and analysts expect that by 2015, the medical device industry in China will reach about 190 billion yuan.
In 2015, the total sales volume of medical devices in China was 56.858 billion yuan, an increase of 4.93% over last year. In 2011-2015, CAGR of total sales of medical devices in China was 17.53%.
The total sales volume of medical devices in China from 2011 to 2015 is
In 2015, the top 10 provinces in terms of sales volume of medical devices in China were: Guangdong, Henan, Beijing, Zhejiang, Anhui, Shandong, Sichuan, Shanghai, Heilongjiang and Hunan. The proportion of sales volume of the top 10 provinces and regions in the total sales volume of China is 13.39%, 10.10%, 6.94%, 6.92%, 5.90%, 5.75%, 5.48%, 5.21%, 4.53% and 4.50%.
Top 10 provinces and regions in sales volume of medical devices in 2015
Most medical device enterprises are concentrated in East China, South China and North China, and 44% of them are concentrated in East China
2、 Development prospect of medical device industry
China's medical device industry started late, but with the development of economy and the improvement of people's health awareness, from the high-end medical devices in hospitals to the convenient home medical devices, there will be a high demand growth, which will bring broad development prospects for the domestic medical device industry. In particular, the 13th five year plan for the development of medical industry and health care has been basically completed, and high-performance medical devices have been identified as one of the key breakthrough areas, which will undoubtedly bring benefits to the future development of China's medical device industry.
（1） "Localization" process accelerated
Judging from the degree of national policy promotion, the medical device industry is facing a rare policy intensive "promotion period". It is understood that since 2013, 18 policy documents have been issued by relevant ministries and commissions to encourage the development of medical device industry, such as measures for the administration of registration of medical devices, measures for the administration of registration of in vitro diagnostic reagents, provisions for the administration of medical device instructions and labels, etc., especially the new version of regulations on the supervision and administration of medical devices (hereinafter referred to as "the new version of regulations") implemented in June 2014 》") to a certain extent, the release of the policy has loosened the medical device industry, which is expected to boost the development of domestic medical device industry to a new level. Various signs indicate that since 2015, the government hopes to promote the process of "localization" in the field of medical devices, especially high-end medical devices.
Because the overall market expansion and rapid improvement of localization rate are the two core logics for domestic medical device enterprises to benefit from. From the perspective of the improvement of localization rate, there is still a huge room for improvement in the field of high-end imaging diagnosis equipment and in vitro diagnosis with low market share of domestic enterprises, and the stimulation of relevant policies will accelerate the localization process.
（2） Increasing demand in domestic consumer market
Under the guidance of national policy and the demand of renewal of domestic medical and health institutions, medical devices will have a huge domestic consumer market. According to relevant data, at present, China's medical device market has exceeded 100 billion yuan, with an average annual growth rate of about 23%. Compared with the 42% share of foreign medical devices in the total scale of the pharmaceutical market, the share of domestic medical devices only accounts for 14% of the total scale of the pharmaceutical market, and there is still a lot of room for improvement.
In 2013, the Ministry of science and Technology issued the 12th Five Year Plan for medical devices, and the Ministry of industry and information technology issued the 12th Five Year Plan for new materials industry. The health China 2020 Strategic Research Report issued by the Ministry of health clearly points out that for independent research and development of drugs, medical consumables, medical devices and large-scale medical equipment, the Ministry of health will launch a 10 billion yuan national health industry major special project. The acceleration of economic development drives the overall upgrading of medical service demand, which leads to the overall increase of health service demand. With the gradual opening of the medical service market, the speed of domestic and foreign capital investment in China's medical service industry has been accelerated, which directly leads to the increase of demand in the domestic medical device market.
（3） Industry M & A becomes the main direction in the future
As the basic support industry of health service industry, medical devices show great development potential and space. At present, there are more and more scattered manufacturers in China. There are about 1800 enterprises with a scale of 50 million, and about 20000 enterprises with a small scale. The average output value of each enterprise is about 1 million.
Medical device enterprises in recent years