China's home medical device market scale chart
Industry observation
The 2016 China International Medical Equipment Exhibition will be held in Shanghai from July 9th to 15th. As the largest and influential medical device industry event, the conference will integrate resources to provide a platform for domestic and foreign medical device manufacturers to effectively develop international and domestic markets, and is expected to further promote the rapid development of China's medical device industry.
As the elderly population grows and the prevalence increases, the overall demand for medical care, medicines and equipment will continue to grow. The data shows that the population aged 60 and over is over 900 million, accounting for about 12.3% of the global population. Last year, the number of elderly people over the age of 60 in China has reached 220 million, accounting for about 16% of the total population, and the phenomenon of aging in China is increasing.
In recent years, the demand for medical device products in China has grown steadily, and the industry as a whole is in a stage of rapid development. In 2014, the total size of China's medical device market was about 255.6 billion yuan, the total size of the pharmaceutical market was about 133.6 billion yuan, and the ratio of medicines and medical devices was only 1:0.19, far below the global level of 1:0.7. With the accelerated implementation of China's support policies, China's medical device market has broad room for growth in the future.
In terms of policies, in March this year, the General Office of the State Council issued the "Guiding Opinions on Promoting the Healthy Development of the Pharmaceutical Industry" to accelerate the transformation and upgrading of medical devices, enhance the core competitiveness of China's pharmaceutical industry, and promote the healthy development of the pharmaceutical industry. In addition, the State Food and Drug Administration and the Health Planning Commission jointly issued the "Quality Management Standards for Clinical Devices Clinical Trials" to further strengthen the supervision and management of clinical trials of medical devices, standardize the whole process of clinical trials of medical devices, and ensure the standardization of clinical trial procedures for medical devices. Real, scientific, reliable and traceable.
It is worth noting that in China's medical device market, household medical device products account for a small share, and its sales account for only 14% of the total sales of medical devices in China, and are mainly concentrated in economically developed regions. The data shows that the growth rate of the household appliance market is much higher than the overall growth rate of the industry. Last year, the global market for home medical devices was about $25 billion, with a compound annual growth rate of 6.5%. The annual compound growth rate of China's home medical devices exceeds 5%, and the market size has reached 42 billion yuan, exceeding the average growth rate of the medical device industry .
The home medical device is mainly suitable for home use, and is different from the medical device used in the hospital, and has the characteristics of simple operation, small size, and convenient carrying. Home medical devices are mainly divided into four categories: therapeutic instruments, testing equipment, health equipment and nursing rehabilitation equipment. Among them, thermometers, stethoscopes, blood glucose meters, blood pressure meters, massage equipment and other sub-categories have become the standard for household consumer goods. In addition, home medical equipment based on health care and conditioning and family medical products based on auxiliary treatment of chronic diseases have a good market development prospect.
With the improvement of people's quality of life and the rapid growth of the aging population, the demand for the home medical device market will tend to be diversified. Portable and networked home electronic medical device products will emerge in large numbers, and the market share of home medical devices is expected to accelerate.
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