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NEWS
China's pharmaceutical equipment industry is entering a period of rapid development

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With the gradual increase of our health awareness, the demand for medical devices has increased. Recently, China's pharmaceutical equipment industry has been developing with an upward trend, ushering in a period of rapid growth. It is expected that its sales scale may break through the 200 billion yuan mark for the first time.


Under the influence of favorable policies such as the development of the health service industry and urbanization, China's pharmaceutical equipment industry has entered a period of rapid development in recent years. According to a sampling survey conducted by the Medical Device Branch of the China Pharmaceutical (600056, Stock Bar) Materials Association, the total sales scale of China's medical device market reached 141 billion yuan in the first 10 months of 2013, and it is expected that the annual sales scale will reach 212 billion yuan, breaking through the 200 billion yuan mark for the first time and increasing by 21.19% compared to the previous year.


The health service industry in China has a wide scope and a long industrial chain, and medical devices, as the basic supporting industry of the health service industry, have enormous development potential and space. The increasing awareness of health among people and the deepening reform of the medical and health system have injected a continuous stream of momentum into the development of the medical device industry. At present, China's pharmaceutical equipment industry has initially established an industrial system with complete professional categories, complete industrial chain, and strong industrial foundation, becoming the basic industry, leading industry, and pillar industry of China's national economy.


However, there is still a significant gap between the overall level of medical devices in China and the international advanced level. Domestic mid to high end medical devices mainly rely on imports, accounting for about 40% of the total market value, with imports coming from internationally renowned companies. In response, Zhou Rui, Director of Economic Consulting Research at CITIC Securities, pointed out that domestic medical device companies should seize the great development opportunities, increase research and development investment, accelerate technological innovation, provide high-tech products to the market, break the monopoly of foreign enterprises, and achieve the transformation and upgrading of the entire medical device industry chain.


In the medical industry, the medical device industry has always been highly regarded and plays a crucial role in the process of surgery. This requires medical equipment enterprises to focus on the development lifeline of the market, formulate appropriate strategies, and join the industry's development trend when developing.