Analysis of the Situation of Domestic Medical Devices in China

With the arrival of an aging population in China, home medical devices have ushered in a new starting point for development. Compared with large-scale instruments such as CT, X-ray machines, and MRI, personal and home medical equipment such as blood glucose meters and sphygmomanometers can only be regarded as “small and small”. However, these small things have a broader market space, which has attracted more and more attention in recent years. Many medical device manufacturers have set their sights on this area.

According to statistics from the China Medical Device Industry Association, the total output value of medical devices in China exceeded 100 billion yuan for the first time in 2010, among which, the growth of home medical devices maintained a 30% growth rate for five consecutive years. In terms of blood glucose meters for diabetics, in 2004, there were more than 41 million diabetics in China and increased at a rate of at least 3,000 people per day. However, only 1.5% of the patients had blood glucose meters, which is as high as 90 in Europe and the United States. %the above.

This is only one of the icebergs. In developed countries in Europe and the United States, pharmaceuticals and medical device products account for half of the total pharmaceutical output, while China is only 9:1. In the West, home medical devices have accounted for 40% of the entire medical device's output value, and it is predicted that it will not take more than 10 years. The proportion of household devices for rapid detection of pesticide residues should at least be reversed. In 2009, the per capita household medical device cost in China was less than 7 yuan, compared with 90 yuan per person in the United States and 75 yuan per person in Japan, which has great room for improvement.

It can be seen that household medical devices will enter millions of households like TVs and refrigerators. At the same time, there will be huge business opportunities in the field of medical devices, just like the circulation of home appliances. "Home medical devices will be industries that have great growth in the next 20 or even 50 years."