China’s medical device market has new breakthrough

With a high degree of social development, urbanization has become a new trend, which means that not only the basis of urban and rural areas will be improved, the level of public health care services also needs to be improved. Many township increased building of hospitals, health clinics, to medical device companies is a good opportunity for development, makes a lot of medical equipment products to a broader market, such as in vitro diagnostic reagents. Recently, the Ministry of Finance pointed out that the local research to further increase financial investment to implement the Government's investment, infrastructure, purchase of equipment and other hardware on the medical and health institutions and medical device industry and the market will continue to maintain rapid and steady development.

Medical device industry in the first half of 2012, China achieved a total sales income of 68.7 billion yuan, a year-on-year growth of 20.27%, foreign brands still take advantage of the domestic medical equipment market, but compared to the large-scale urban general hospitals, county hospitals equipment price sensitivity requirements and cost and so is relatively higher, in addition to a lot of walking equipment procurement for government procurement in the tender would also prefer domestic brands, domestic medical equipment companies in the county-level hospital market will find a more space. Part of the domestic high-end medical equipment market dependence on imported products since 2012 has been a slow decline, are strengthening the competitiveness of the domestic medical device companies in the field of high-end products, the domestic proportion compared to 20% in previous years to enhance reach 30 % -35% of the domestic high-end medical equipment is slowly rising competitiveness of enterprises, especially in the ECG recorder, ultrasonic scanning device, import substitution broad market space.