What is the mainstream direction of medical device industry in the future

Nov 17, 2021

China's medical device enterprises will not reproduce the high growth rate of 30% in previous years, but with the state encouraging domestic medical devices to improve performance and upgrade, it will bring more opportunities for rapid development to China's medical device industry.

For example, China's cardiovascular and cerebrovascular medical device industry is facing four development opportunities. First of all, in terms of degradable heart stents, there is a small gap between China's technical level and the international level, so we have the opportunity to participate in international competition and go to the world. In the next 3-5 years, the entry of Chinese enterprises will lead to the reshuffle of the global market for degradable heart stents.

Secondly, in the pacemaker and other devices market, it is currently monopolized by foreign-funded enterprises, and domestic devices have only 12% share. Under the background that the State encourages the upgrading of domestic medical devices and the government increases procurement, the replacement opportunities of domestic devices have greatly increased.

Third, in terms of three-dimensional mapping equipment, although the capacity of the segment market is small, the growth rate is fast; Finally, there are great opportunities for preventive testing. "In view of the fact that hypertension has reached 200 million in China and 100 million in the population of diabetes, the trend of supply shortage of medical resources in China has been changing for a long time. Therefore, the opportunity to prevent and test products has also risen.