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Medical devices refer to instruments, equipment, appliances, in vitro diagnostic reagents and calibrators, materials and other similar or related items used directly or indirectly on the human body, including the required computer software.
Generally speaking, medical devices can be divided into four categories: high-value medical consumables, low-value medical consumables, medical equipment, and IVD (in vitro diagnostics). According to different uses, the high-value medical consumables market can be divided into nine sub-categories: orthopedic implants, vascular intervention, neurosurgery, ophthalmology, stomatology, blood purification, non-vascular intervention, electrophysiology and pacemakers, and others .
With the development of global aging and the continuous emergence of new technologies, the medical device industry has always maintained a rapid growth rate. Today, the medical device industry has become one of the fastest growing industries in the global economy, the most active trade exchanges, and the per capita output value and industry profit margins.
With the improvement of the living standards of global residents and the enhancement of medical and healthcare awareness, in recent years, the demand for medical equipment products has continued to grow.
Data show that by the end of 2018, the market size of my country's medical device industry has reached 530.4 billion yuan. It is estimated that the market size of my country's medical device industry will exceed 900 billion yuan in 2022, and its industry market prospects are very broad.
From the perspective of the size of the medical device market segment: my country's medical equipment market was the largest in 2018, exceeding 300 billion yuan, and the market size of low-value medical consumables and IVD (in vitro diagnostics) both exceeded 60 billion yuan.
Among high-value medical consumables, the orthopedic transplantation and vascular intervention markets are relatively high, with 26.2 billion yuan and 38.9 billion yuan respectively. Compared with the same period of the previous year, the size of the medical device market segment has increased, and the market size of vascular intervention, other, blood purification, and stomatology has increased by more than 20%.
The medical equipment market is still the largest segment of China's medical equipment market, accounting for 56.80%. Followed by the high-value medical consumables market, accounting for 19.72%. The market share of low-value medical consumables and IVD (in vitro diagnostics) exceeds 10%.
