Medical industry: China's medical machinery is a new tree orchid bud early spring

Report summary:

The technological revolution and medical needs have driven the rapid growth of the global medical device industry. The global medical device market is developing rapidly. Leading medical device companies in the United States took advantage of technological revolutions and product innovations to take the lead in the market, accelerating growth through mergers and acquisitions and increasing barriers to entry. The four major research and development directions of the leading companies in the United States at this stage are: the upgrading of similar products, the increase of high value-added product lines, the development of high-tech innovative products, and the localization of research and development for the middle and low-end markets. U.S. medical device companies have three major M&A trends in the integration of similar product resources, expanding product lines, and developing the global market.

The adjustment of consumption structure has promoted the rapid growth of the medical device market in China. The growth rate of the medical device market in China in the past ten years has always been faster than that in the pharmaceutical market; even so, China's medical device industry is still in the "primary" stage. At present, China's medical device market accounts for 14% of the total pharmaceutical market size. Compared with the global medical device market, which accounts for 42% of the total pharmaceutical market, there is a huge space for development brought about by the adjustment of consumption structure. It is expected that the growth rate of China's medical device market will remain Will continue to grow faster than the pharmaceutical industry. In the short to medium term, under the new medical reform policy, the state will increase the construction of grassroots medical service systems. “Filling gaps” and “replacement” will promote the rapid growth of the low-end medical device market. The consumption upgrade, population aging, and technological revolution are endogenous driving forces for the long-term rapid growth of China's medical device market.

The rapid rise of China's medical device companies, from import substitution to industry integration. With the advancement of technology, China's medical device companies have gradually achieved import substitution, breaking through from low-end to high-end markets. At the same time, countries will face unprecedented opportunities for the export of medical device products in China in the context of reducing medical and health costs. The medical device industry involves multidisciplinary technology. The industry is characterized by multiple, small, scattered, and large spans. The increase in industry concentration and industry integration are the general trend. In time, local Chinese companies with excellent genes will come to the fore.

Focus on medical device segmentation and listed companies. A-share listed companies, the proposed focus clear strategy, with a strong OTC marketing strength of the domestic medical equipment enterprises diving medical; focus on high-end cardiovascular supplies in the area, creating coronary interventional procedures (PCI) portfolio of medical Dunlop; the Benefit from the new GMP certification of the domestic disinfection and sterilization equipment leader Xinhua Medical ; international orders have greater flexibility, is actively developing the domestic market of home medical electronic health products leader Jiuan Medical ; China Resources Group, the integration is expected to strongly domestic leading Wandong medical X-ray machine; vacuum blood collection industry leaders Yang Pu medical; through the acquisition wen medical red medicine into the medical device field.

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