What is the future of the medical device industry? Is it the new blue Ocean?

1: I always hear people say that business is becoming more and more difficult to do, the global economy is declining, and various industries are a red Sea. However, if you understand the medical device industry, you know that medical devices maintain rapid growth every year, and it is a sunrise industry worthy of deep cultivation. Recently, even Huawei has entered the medical device industry. According to Tian Eye check information, Huawei changed the company's business scope at the end of March, adding medical device sales and other businesses. It can be seen that the medical device industry has entered the field of vision of major oligarchs, and there will be more giant enterprises to share food in the future. In 2012, the market size of China's medical device industry was only 170 billion yuan, and in 2018 it soared to more than 500 billion yuan, the growth rate is so fast that it is astonishing. In fact, it is not difficult to understand that with the improvement of China's economic level, the continuous improvement of people's quality of life, people's learning of health care knowledge is enhanced, so the demand for related medical devices is rising. In addition, China has gradually entered an aging society and national policies have continued to support the medical device industry, making the growth of China's medical device industry huge space, it is reasonable.

2: What is the current status of China's medical device industry? In-depth understanding can be learned that China's medical device industry concentration is low, and most medical device enterprises are small, can only produce low-end products, high-end products can only look up. However, due to the huge demand of the downstream market, medium and high-end products can only rely on imports. With the continuous merger and reorganization of capital, and the promotion of national policies, many small and medium-sized enterprises without core competitiveness will gradually withdraw from the market. But this is also an opportunity for many medical device companies, anything has advantages and disadvantages, the market to clear a number of small messy enterprises at the same time, as long as the situation, seize the opportunity to meet the difficulties, it is likely to better business.

3: The total number of various medical and health institutions in China in 2018 was 990,000, of which there were more than 30,000 hospitals, more than 900,000 primary medical institutions, 20,000 professional public health institutions and 3,000 other medical and health institutions. Such a huge market has created the growth rate of China's medical device industry far beyond the world, becoming the second largest medical device market after the United States. With the guidance of national policies in recent years, many grass-roots medical institutions are using domestic medical devices, which has further promoted the rapid development of the industry. In the past, China's basic disciplines were backward and the manufacturing process could not keep up, so I could only look at the high-end medical equipment market occupied by foreign brands, but with the increasing progress of science and technology in China, the gap is gradually narrowing. Many large medical device companies have gradually involved in the manufacturing and development of high-end medical equipment, especially the state strongly encourages technological innovation, and it is thought that in the near future domestic medical device companies will do better, accounting for the high-end medical equipment market. In this regard, Mindray Medical and Kangshen Medical, in particular, are at the forefront of innovation, which is the goal of many medical device companies to learn and follow.

Guangdong Kangshen medical enterprise has always insisted on innovation, keep up with the trend of The Times, and do not stand pat, which is the quality of an excellent enterprise.