Inventory: 2016 global medical device industry market size and corporate ranking
The medical device industry mainly involves many technical fields such as medicine, machinery and electronics. Its core technologies cover medical polymer materials, laboratory medicine, hematology, life sciences, etc. It is a multi-disciplinary, capital-intensive high-tech industry. Its product technology content and relatively high profits have become the focus of competition among major companies around the world.
First, the market size
Global medical device industry market size
According to statistics from the European Medical Device Council, the United States, the European Union, and Japan account for more than 80% of the global medical device market. Among them, the United States is the world's largest producer and consumer of medical devices, accounting for more than 40% of the world's consumption.
According to EvaluateMedTech, global medical device sales in 2015 were $390.3 billion. The global medical device sales grew steadily from 2011 to 2015, with a compound growth rate (CAGR) of 1.90%. The market is expected to grow to $477.5 billion in 2020 and a compound annual growth rate of 4.1% during the period 2015-2020.
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Domestic medical device industry market size
The "2015 China Medical Device Industry Development Blue Book" shows that the total market size of China's medical devices in 2015 was about 308 billion yuan, nearly 6 times that of 2007's 53.5 billion yuan. The compound growth rate (CAGR) of the medical device market in 2010-2015 was 17.01%. The domestic medical device market is much larger than the global growth rate.
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According to the China Merchants Research Institute, the total sales of medical equipment in the country in 2015 was 56.858 billion yuan, an increase of 4.93% over the previous year. The 2011-2015 national medical device sales total compound growth rate (CAGR) was 17.53%.
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