Five factors drive the development of my country's medical device industry
National policies promote industrial development
The report pointed out that in recent years, my country has continuously increased its emphasis on medical and health undertakings, and its investment in medical and health has also been increasing. According to the "Healthy China 2020 Strategic Research Report", 7 major medical system projects involving up to 400 billion yuan will be launched in the next 8 years. Of the 400 billion yuan investment plan of the Ministry of Health, 109 billion yuan will be used for county hospital construction. It can be seen that there will be a huge market space for medical devices in my country in the next few years, including primary care.
Economic development and health awareness drive demand
As people's living standards improve, they also require corresponding improvements in medical and health care. According to reports, medical devices are an important part of medical and health care and are auxiliary devices for disease diagnosis and treatment. Therefore, the demand for medical devices will also increase. In addition, people pay more attention to the prevention of diseases, and the body indicators can be quickly grasped through instruments such as blood pressure monitors, clinical thermometers, and blood glucose meters, so that diseases can be prevented and treated early.
Huge export demand potential
According to the report, in recent years, domestic demand for medical devices has grown rapidly, and exports have also continued to grow. With the continuous improvement of my country's medical equipment technology level, cost advantages have gradually emerged, so it can be more competitive under the same quality conditions, and promote continuous and rapid growth in exports.
The report data shows that in 2013, my country’s total medical device trade amounted to 34.31 billion U.S. dollars, an increase of 14.13% year-on-year, an increase of 1 percentage point over 2012; of which, the export value was 19.335 billion U.S. dollars, an increase of 9.92% year-on-year, a decrease of 2 compared with 2012 Percentage points; imports were US$14.975 billion, a year-on-year increase of 20.07%, an increase of 5.5% compared to 2012; a trade surplus of US$4.36 billion, a year-on-year decrease of 14.8%
