Must-see in the industry: China's medical device market sales scale and future development trend

China's medical industry is developing later than other developed countries, and there are many weaknesses, but we are gradually reducing the gap.

The basic characteristics of high-tech medical equipment are digitalization and computerization. It is the crystallization of modern high-tech with multi-disciplinary and inter-disciplinary fields. Its products are high in technical content and high in profits. Therefore, it is the commanding heights of the major technological countries and large international companies. The threshold is higher.

Even in the sub-sectors where the overall gross profit margin of the industry is low and the investment is not high, there will be continuous emergence of high-tech products, and some companies with strong profitability will be bred. Therefore, the overall trend of the industry is high investment and high returns.

China's medical device industry market scale (100 million yuan) from 2010 to 2014

In 2015, the total sales of medical equipment in the country was 56.858 billion yuan, an increase of 4.93% over 2014. The 2011-2015 national medical device sales total compound growth rate (CAGR) was 17.53%.

Total sales of medical equipment in the country from 2011 to 2015

The top 10 provinces in the national medical device sales in 2015 were: Guangdong, Henan, Beijing, Zhejiang, Anhui, Shandong, Sichuan, Shanghai, Heilongjiang, and Hunan.

The distribution of sales in the top 10 provinces accounted for 13.39%, 10.10%, 6.94%, 6.92%, 5.90%, 5.75%, 5.48%, 5.21%, 4.53%, and 4.50%.

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