Foreign capital accelerates the deployment of China's medical device market
In the recent past, “heavy news†in China's medical device industry has followed.
US Medtronic recently completed the acquisition of Kanghui Holdings (China) Co., Ltd. for US$816 million, and then immediately purchased a 19% stake in Shenzhen Xianjian Technology Co., Ltd. This has made many companies in China's medical device industry "surprised."
Experts in the industry analyzed that with the in-depth implementation of China's new medical reform, the market prospects for preventive health care products such as home medical devices and primary medical devices are improving. Foreign investment is optimistic about the development prospects of China's medical device industry, and they are chasing each other.
Great market potential
Studies have shown that in 2007, China has already passed the "Lewis turning point" that represents the demographic transition, which means that the aging rate will be faster and faster. The proportion of China's population over 65 years old has increased from 5.6% in 1990 to 9.3% in 2010. By 2025 and 2050, this proportion will reach 12.6% and 19.6% respectively.
The aging of the population will directly stimulate the market demand capacity of the medical device industry.
According to incomplete statistics, in 2010, China's medical device market grew by 23%, and the market scale reached 120 billion yuan. By 2015, the entire medical instrument and equipment market in China is expected to double, and the compound growth rate of China's medical device industry will remain at 20% to 30%.
The reason why the medical device industry has such a huge development space, in addition to the direct stimulation of the aging population, the increase in national policy support has provided a good opportunity for development. With the continuous deepening of the new medical reform, the construction of primary medical institutions is still continuing, and the construction focus has begun to shift from quantity to quality.
It is understood that the new medical reform clearly pointed out that the state will increase the public health system, urban communities, rural grassroots medical and health construction. In the next few years, the primary and secondary medical institutions in the second and third tier cities and towns will be the top priority of China's medical device market, including the economically backward regions such as the central and western regions.
It is estimated that during the new medical reform period, the equipment investment of each county hospital will reach 5.23 million yuan, which is nearly 3.5 times higher than the medical equipment allocation standard of no more than 1.5 million yuan during the period from 2004 to 2008.
Xu Lingni, a researcher in the pharmaceutical industry of China Investment Consulting, said that the implementation of the new national medical policy has activated the low-end medical device market and will increase the utilization rate of low-end medical devices. At the same time, the existing medical devices in China will enter a period of centralized update. The development of China's medical device industry has formed a positive trend.
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