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Medical Device Industry Hotspot Will Become Home Health

Jul 11, 2016

In recent years, the medical device product demand growth and stability, the industry as a whole in a stage of rapid development. In 2014, the total market size of about 255.6 billion yuan of medical devices, pharmaceutical market size of about 1.3326 trillion yuan, consumption of medicines and medical devices than just 1:0.19, far below the level of 1:0.7 of the world. With the acceleration of our support policy ground, China medical device market has a vast space for growth in the future.

Worth noting is that in the medical device market in China, and home medical equipment products account for a smaller share, its sales accounted for 14% of the total medical devices market in China, and are mainly concentrated in the economically developed areas. Data show that growth in household appliance market is growing much faster than the industry as a whole. Last year global home medical equipment market size of about 25 billion dollars, compounded annual growth rate of 6.5%. Compound annual growth rate of more than 5% of home medical equipment in China, the size of the market reached 42 billion yuan, more than average growth in medical device industry.

Home medical equipment is mainly for family use, except the medical equipment used in hospitals, it has features such as simple operation, compact and easy to carry. Home medical equipment is mainly divided into therapeutic apparatus, detection equipment, health and care, rehabilitation of four general categories. Among them, thermometers, stethoscopes, blood glucose meter, blood pressure monitors, massage equipment segment has become the standard for household goods. In addition, with health, regulate the home medical equipment and auxiliary treatment of chronic diseases of home medical products with good market prospects.

With the improvement of people's quality of life as well as the rapid growth of the aging population, home medical equipment market demand will tend to diversify. Portable and home electronic products, medical devices for networking abound, and home medical equipment market share is expected to accelerate expansion.