Investment Analysis of Core Segment Industry of Medical Devices in China

Release time:

2023-08-11

Compared with developed countries, China's medical device industry started late, but benefited from the huge domestic demand, it has always shown high growth for many years, and there will be many investment opportunities. Compared with developed countries, China's medical device industry started late, but benefited from the huge domestic demand, it has always shown high growth for many years. Especially with the increase in the per capita disposable income of the country's residents in recent years, the increase in medical demand brought about by the aging of the population, and the increase in the coverage and depth of medical insurance, my country's demand for medical devices continues to increase, and it is currently the world's second largest medical device market., The market growth rate is higher than the global market size growth rate. The ratio of per capita consumption of drugs and medical devices in my country is only 1:0.35, which is far lower than the global average of 1:0.7, and even lower than the level of 1:0.98 in developed countries. Compared with the global average, there is also a double gap. The development space of my country's medical device market is extremely broad. In 2019, the market size of China's medical device industry will be 623.75 billion yuan, which is expected to exceed 900 billion yuan in 2022, and will still maintain a growth rate of more than 20% in recent years.

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