The medical device industry is a multidisciplinary and technology intensive industry. Interdisciplinary is reflected in its involvement in polymer materials, life sciences, clinical medicine and other disciplines; Technology intensity is reflected in the fact that its production technology involves the common use of multiple technologies such as medicine, machinery and materials. It is a typical high-tech industry. Because it is related to human life and health, it is an important part of the construction of the medical and health system and has a high strategic position. The development degree of medical device industry has become an important indicator to measure a country's scientific and technological level and national modernization level. This industry has become an important part of modern clinical medicine, disease prevention and control, public health and health security system, and has formed an industry with a broad market and stable demand.
1. Current situation of international industry
With the development of economy, the growth of population, the improvement of the degree of social aging, and the continuous enhancement of people's awareness of health care, the global medical device market demand continues to grow rapidly. The medical device industry is one of the fast-growing industries in the world today. According to the statistics of the European Commission for medical devices, the total sales volume of the global medical device market has increased rapidly from US $246.8 billion in 2004 to US $501.8 billion in 2014, with an annual compound growth rate of 7.35%. The growth rate of the global medical device market exceeded that of GDP in the same period, and the former was about twice that of the latter.
Sales scale of global medical device market from 2004 to 2014
Source: public data sorting
From the perspective of the global market pattern, after long-term development, the medical device industry in developed countries in Europe and the United States has entered a mature period and has formed a huge sales network.
The United States is the largest medical device market in the world. The global medical device enterprises gather here, coupled with the scientific and technological level and capital intensity, make the market position of this region unshakable. The European Union is the second largest medical device market in the world after the United States. By the end of 2014, the population of the 28 EU countries had reached more than 508million, and the region has a good economic foundation and strong consumption capacity of medical devices, and the market still retains its internal driving force. The Asia Pacific Medical Device Market represented by China is currently a potential medical device market in the world. According to statistics, the average annual compound annual growth rate of the Asia Pacific Medical Device Market in 2009 and 2012 reached 10.2%, higher than the global average, and its share in the global medical device market will increase significantly. Although currently developing countries are mainly engaged in the processing and production of medical devices, the profit margin is low. However, with the progress of science and technology and the development of manufacturing industry, as well as the broad market brought by the huge population base, the future market prospect is very broad.