Medical device industry: homeopathy

From 2004 to 2012, the compound growth rate of China's medical device industry revenue reached 27 percent, far exceeding the global growth of 7-8 percent, and its share in the global market increased year by year. On the other hand, according to the national bureau of statistics show that in 2012 China's medical equipment industry income is 156.5 billion yuan, medical apparatus and instruments of the size of the market, accounting for 8% of the total pharmaceutical market and the market size of 2009 global medical equipment has been accounted for 42% of the total market medicine, is China's medical equipment industry still has great development prospects in the future.

Domestic market demand acceleration, overseas market gradually stabilizes, promote the industry high growth. The driving force of the domestic market comes from the demand for the transformation of large scale equipment in medical institutions and the incremental demand brought by the upgrading of the basic level and the construction of private medical institutions.

Second, the aging, health insurance coverage and reimbursement rate, per capita disposable income, and other medical supplies and household medical equipment procurement needs; Secondly, the domestic medical devices with the advantage of cost performance will be the biggest beneficiaries of the expansion of the domestic industry. In terms of overseas market, the growth rate of industry revenue has rebounded from 7% to 12% in 2012, and the year-on-year growth rate of export value in the first eight months of 2013 has reached 13.1%, indicating a steady trend.