The core data of this paper: the market scale of medical device industry; The proportion of medical device enterprises, etc.
General situation of industry
1, definition
According to the latest Regulations on the Supervision and Administration of Medical Devices issued by the State Council in March, 20021,medical devices refer to instruments, equipment, appliances, in-vitro diagnostic reagents and calibrations, materials and other similar or related items, including the required computer software; Its effectiveness is mainly obtained by physical means, not by pharmacology, immunology or metabolism, or although these means are involved, they only play an auxiliary role; Its purpose is:
2. Industrial chain analysis
The technological progress, enterprise growth and market expansion of the medical device industry are closely related to the upstream and downstream industries. The scientific and technological progress in the upstream industry will directly affect the technical trend of medical devices. The upstream industry of medical device industry is medical device parts manufacturing, involving electronic components, raw materials, software systems, emerging technologies and other fields. Among them, the electronic components industry provides electronic components, circuit boards, chips and other electronic components for large medical equipment; The raw material industry provides special materials for equipment production in the medical device industry. The quality, technical level and cost of raw materials or semi-finished products of medical devices are determined by the processing and manufacturing capabilities of basic industries such as rubber, plastics, electronics, steel, fasteners and non-ferrous metals. At the same time, artificial intelligence, Internet of Things and blockchain technologies have also injected fresh blood into the development and innovation of the medical device industry.
The middle reaches of the medical device industry are related industries of research and development, manufacturing, sales and service of medical devices.
The downstream industry of medical devices is the medical and health industry, which is the sum of the elements, activities and relationships that provide medical and health service products for the whole society. Its most important basic function is to treat and prevent diseases, protect the health of the whole people and improve physical fitness. The main body of China's medical and health service industry is all kinds of medical and health institutions at all levels, including hospitals, centers for disease control and prevention (CDC), family planning institutions, patriotic health movement institutions and medical and health research institutions, among which the most important body is all kinds of hospitals at all levels.
In the upstream field of the industry, the representative enterprises mainly include Crystal Optoelectronics, Sumitomo Ruike, Weining Health and Lepu Medical. Midstream enterprises mainly include international enterprises such as Medtronic and Abbott, and domestic enterprises such as Mindray Medical and Yuyue Medical. The downstream of the industrial chain mainly includes medical and health institutions, public health institutions, other medical institutions and third-party inspection/physical examination institutions.
Development course of the industry: At present, it is in the development stage of high treatment.
Before 2000, China's medical device industry developed greatly under the background of transformation and adjustment in 1950s and 1960s, and experienced a process from scratch, which made great contributions in the early days of the founding of New China. During 2000-20 15, China's medical reform policy led health institutions to replace and replenish equipment, which stimulated the rapid growth of low-end products and technologies in China. However, the market of high-value medical devices is occupied by imported products. After 20 15, China's medical device innovation policies frequently occur, and head enterprises actively deploy and innovate medical devices like mushrooms after rain. In addition, in order to speed up the localization substitution, China has introduced relevant policies; Some provinces, such as Jiangsu province, prohibit imported products from bidding in public institutions.
Present situation of industrial development
1. overall situation of the industry: medical devices account for nearly 60%, and the overall domestic substitution level is low.
Generally speaking, the domestic substitution development of China's medical device industry is relatively weak, especially in the field of high-value medical consumables, and the domestic substitution degree is generally low, which is a "depression" in the field of medical devices. The development of related sub-products is as follows:
Note: Full score ★★★★★★★, ☆ half a star.
In terms of market segment structure, in 20021year, the medical device industry in China occupied the largest proportion of the market size of the middle reaches of the medical device industry in China, reaching 553.3 billion yuan, accounting for 59.9 1%.
2. High-value medical consumables: in 20021year, the market scale is close to150 billion yuan.
At present, there is no accurate definition of high-value medical devices in the industry. Generalized high-value medical devices are all high-priced medical devices. According to the definition in "Blue Book of Medical Devices in China" (202 1 Edition), the prospective definition of high-value medical devices is generally critical to safety, and its production and use must be strictly controlled, which is limited to some specialized and relatively expensive medical consumables.
Benefiting from the development of economic level, people's demand for health is increasing day by day, and China's high-value medical device market has also ushered in a huge development opportunity. In recent years, the market of high-value medical devices in China has maintained steady growth. According to "Blue Book of China Medical Device Industry (20021)", the market size of high-value medical device industry in China will be 654.38+030.5 billion yuan in 2020, with a slight increase of 3.74% year-on-year. With the overall technological innovation and industrial chain maturity of China's high-value medical device industry, the market scale of China's high-value medical devices may continue to rise. According to preliminary statistics, the market size of high-value medical devices in China may be close to 654.38+05 billion yuan in 20021year, with a year-on-year increase of 654.38+02.03%.
3. Low-value medical consumables: in 20021year, the market scale exceeded 1 1000 billion yuan.
Low-value medical consumables refer to disposable medical materials with low value, which are widely used in hospitals to carry out medical services, including disposable syringes, infusion sets, blood transfusions, drainage bags, indwelling needles, sterile gloves, surgical sutures, surgical blades, gauze, cotton swabs and medical masks.
Affected by the global spread of the epidemic, in 2020, the market of low-value medical consumables, especially emergency prevention and control consumables such as masks and protective clothing, will explode more than ten times in a short period of time. According to the Blue Book of China Medical Device Industry (202 1), the market size of low-value medical consumables in China will be about 97 billion yuan in 2020, with a year-on-year increase of 25.97%. According to preliminary statistics, the market size of low-value medical devices in China may be close to120 billion yuan in 20021year, with a year-on-year increase of 2 1.09%.
4. Medical devices: 202 1 year, and the market scale exceeds 550 billion yuan.
Medical equipment refers to instruments, equipment, appliances or other articles used for human body alone or in combination, including required software. Medical equipment is the most basic element of medical treatment, scientific research, teaching, institutions and clinical disciplines, including medical equipment and home medical equipment.
In 2020, under the influence of the epidemic, the sales of medical equipment such as monitors, ventilators and extracorporeal membrane oxygenation increased explosively in the whole country and even in the world. According to the data of "Blue Book of Medical Device Industry in China" (202 1), the medical device market in China will reach 455.6 billion yuan in 2020, up by 26.52% year-on-year. According to preliminary statistics, the market size of high-value medical devices in China may exceed 550 billion yuan in 20021year, with a year-on-year increase of 2 1.44%.
5.IVD (in vitro diagnosis): 202 1 year, and the market scale exceeds 1000 billion yuan.
IVD (in vitro diagnosis) broadly refers to products and services that obtain clinical diagnosis information by detecting human samples (various body fluids, cells, tissue samples, etc.). ) outside the human body, and then judge the disease or body function. In-vitro diagnostic industry in a narrow sense mainly refers to in-vitro diagnostic related products, including in-vitro diagnostic reagents and in-vitro diagnostic instruments and equipment.
With the aging population in China, people pay more and more attention to their own health, and the market scale of in vitro diagnosis in China shows a rapid growth trend. In 2020, the novel coronavirus epidemic brought in-vitro detection into people's field of vision. When the epidemic broke out, the demand for detection reagents in COVID-19 surged. The State Administration of Pharmaceutical Products has opened up a rapid approval channel for nucleic acid detection kits, and many products have been put on the market quickly, and the performance of in vitro diagnosis enterprises has also soared. Under the catalysis of the epidemic situation, China's in vitro diagnosis industry has developed rapidly. According to the data of Blue Book of China Medical Device Industry (202 1), the market scale of in vitro diagnosis (IVD) will reach 89 billion yuan in 2020, up by 24.30% year-on-year. According to preliminary statistics, the market size of high-value medical devices in China may exceed 1000 billion yuan in 20021year, with a year-on-year increase of 19.73%.
Industrial competition pattern
1. Regional competition: Guangdong Province has the largest distribution.
According to the data of the State Administration of Medical Device Products, as of 202 1, there were 28,954 enterprises producing medical device products in China. Mainly distributed in Guangdong, Jiangsu, Shandong, Zhejiang, Hebei, Hubei, Shanghai, Jiangxi, Anhui, Henan and other places. Among them, there are 522 1 in Guangdong and 3580 in Jiangsu.
2. Enterprise competition: mainly unlisted enterprises.
In 20021year, the operating income of listed medical device enterprises in China reached 252.8 billion yuan, accounting for about 27% of the whole medical device market. Therefore, medical devices in China are still dominated by unlisted enterprises.
At present, Mindray Medical, Pacific Century Medical, Lepu Medical, Oriental Bio and xinhua medical are among the top 5 listed companies in terms of operating income. Among them, Mindray Medical's market share in the scale of listed enterprises is about 10%, and its market share in the whole market is about 3%.
Note: The market share in the scale of listed enterprises is on the left, and the market share in the whole market scale is on the right.
Prospects and trends of industrial development
1, the market size may exceed 2 trillion in 2027.
Medical device industry is an important part of China's national economic development, which is closely related to China's macroeconomic development. In the future, with the continuous development of the medical system in China, the market scale of the medical device industry will continue to rise.
Based on this, it is predicted that the market size of medical device industry in China will exceed 2.5 trillion yuan in 2027, with a compound annual growth rate of 18%.
2. There are four main trends.
Compared with developed countries, China's medical device industry has the characteristics of late start, small scale and single product. However, after rapid development in recent decades, China's medical device industry has become a sunrise industry with relatively complete industrial categories, increasing innovation ability and strong market demand. With the support and optimization of national policies, the deepening of medical reform, the aging of population and the improvement of consumption ability and health awareness, China's medical device industry, especially the leading domestic medical device enterprises, has entered a golden period of development. However, in the domestic medical device market, under the ignorance of international medical giants with both capital and technical advantages, the industry competition is fierce, and opportunities and challenges coexist. In the future, medical devices in China may have the following development trends:
For more research and analysis on this industry, please refer to the Analysis Report on Market Foresight and Investment Strategic Planning of China Medical Device Industry by Forward-looking Industry Research Institute.