Medical diagnosis, monitoring and treatment equipment is currently the largest market segment in my country's medical device market. Since the State Council mentioned in the “Thirteenth Five-Year Plan” in 2016 to deepen the reform of the drug and medical device review and approval system, and explore the reform of the review agency in accordance with the independent legal person governance model, my country's medical device industry has started from the chaotic and savage growth Gradually embark on the right track of orderly development.

In 2017, the General Office of the Ministry of Science and Technology issued the "Thirteenth Five-Year" Special Plan for Scientific and Technological Innovation of Medical Devices, which clearly planned the development direction of the medical device industry. my country's medical diagnosis, monitoring and treatment equipment industry has officially entered the fast lane of development.

With the improvement of the living standards of the Chinese people and the aging of the problem, the demand for medical diagnosis, monitoring and treatment equipment is increasing year by year. According to usage scenarios, medical equipment can be divided into medical medical equipment and home medical equipment. Medical medical equipment includes medical X-ray machines, MRI equipment, endoscopes and monitors. Home medical equipment includes electronic sphygmomanometers, electronic clinical thermometers, physiotherapy instruments and home ventilators.

In 2020, the world will encounter the new crown epidemic. Under the epidemic situation, the domestic and foreign front-line work in the fight against the epidemic also has a huge demand for medical equipment, but domestic brands of high-end medical equipment cannot meet this demand.

The market size of China's medical equipment is growing rapidly

In 2015, my country's medical diagnosis, monitoring and treatment equipment market scale was only 174.4 billion yuan. By 2019, China's medical diagnosis, monitoring and treatment equipment market size was approximately 360.1 billion yuan, a year-on-year increase of 19.52%, accounting for the domestic medical device industry 57% of the share. In 4 years, the market size of the medical equipment industry has increased by 106%, with a compound annual growth rate of about 20%. China has become the fastest growing country in the global medical equipment market.

The number of domestic medical equipment companies is too large and not refined

At present, my country has tens of thousands of medical device manufacturers, of which more than half are manufacturers of medical diagnosis, monitoring and treatment equipment. However, according to data from the National Bureau of Statistics, in 2019, the number of enterprises above designated size in the medical diagnosis, monitoring and treatment equipment manufacturing industry was only 546, an increase of 65 from 2018. Among them, large enterprises accounted for less than 5%.

In general, the number of enterprises above designated size in my country's medical diagnosis, monitoring and treatment equipment manufacturing industry has shown an overall upward trend from 2014 to 2019. However, most companies have relatively low revenues and mostly low-value-added products. The large but inaccurate situation in the medical diagnosis, monitoring and treatment equipment manufacturing industry remains unchanged.

Differences in import and export categories show high-end weakness

With the continuous expansion of my country's medical diagnosis, monitoring and treatment equipment manufacturers, the current domestic medical equipment products have begun to gradually cover most of the medical equipment needs. However, high-end medical equipment is still controlled by foreign companies.

The export value of medical diagnosis, monitoring and treatment equipment in my country was only 4.56 billion yuan in 2009, and reached 12.92 billion yuan in 2019. In 2020, due to the impact of the epidemic, the demand for medical equipment such as ventilators will be large, and the export value will reach 18.14 billion yuan, an increase of 40.42% year-on-year.

With the gratifying export results, it is difficult to conceal the weakness of my country's high-end medical equipment. Although my country's high-end products such as United Imaging and other companies' imaging products have developed rapidly in recent years, and the pace of import substitution has accelerated, the top ten products currently exported do not have my country's high-end medical equipment.

On the contrary, the high-end medical equipment category is still the main imported products, such as optical instruments, color Doppler ultrasound, X-ray tomography, implant products, etc. The United States, Germany, and Japan are the main source countries of our medical equipment imports.

Shortcomings of domestic products under the epidemic

During the epidemic, most of the medical equipment made in my country, such as ECG monitors, hemodialysis machines, and blood gas analyzers, met the needs of epidemic prevention and control and treatment of patients. However, in some key high-end medical equipment such as ECMO, domestic companies cannot produce them, the supply of invasive ventilators is insufficient, the performance of some products needs to be improved, and the standard system is not yet complete. The emergence of various problems shows the shortcomings of my country's high-end medical equipment manufacturing level.

"14th Five-Year Plan" for the guiding direction of medical equipment

During the epidemic, the shortage of domestically produced high-end medical equipment reflected the current dilemma in my country's medical equipment manufacturing field. Faced with this situation, the country has begun to formulate relevant policies, and the "14th Five-Year Plan" has given clear directions for technological breakthroughs in high-end medical equipment.

For high-end medical equipment, my country's key direction is to break through core technologies such as endoscopic surgical robots and extracorporeal membrane oxygenation machines, and develop high-end imaging and radiotherapy large-scale medical equipment and key components. For devices with high consumption value, the state strongly supports the development of implantable interventional products such as fully degradable vascular stents.

For more data, please refer to the "China Medical Diagnosis, Monitoring and Treatment Equipment Industry Demand Forecast and Investment Opportunity Analysis Report" by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment promotion. Solutions such as investment attraction and IPO fundraising feasibility study.