Inventory of listed companies in China's medical device industry

In the three years from 2010 to 2012, 17 Chinese medical device companies landed in the capital markets in China, Hong Kong, and the United States. Half of the companies listed on medical devices were listed on the market. The frenzy of medical devices. Combining the current listing of medical device companies in China, the Medical Device Innovation Network made an overall inventory of the market, starting with a comparison of the global medical device market with the Chinese medical device market, and analyzing the huge market potential and opportunities in the Chinese medical device market.

As the "sunrise industry" in China's national economy, the medical device industry is a multi-disciplinary, knowledge-intensive and capital-intensive high-tech industry. Its degree of development is one of the important symbols of a country's overall economic and technological strength, and it is also a high and new technology. One of the most promising industries in the industry.

After more than 30 years of rapid development, China's medical device industry has initially formed an industrial system with complete professional categories, a complete industrial chain, and an optimized product structure. It has achieved a jump in terms of the number of enterprises, assets, total profits, and industrial output. Type of development. During the 12th Five-Year Plan period, the number of medical device listed companies will continue to increase. There is no doubt that medical device listed companies will become a powerful new engine that will drive China's medical device industry to continue to invest in innovation, rapid and efficient development.

Combining the current listing of medical device companies in China, the Medical Device Innovation Network made an overall inventory of the market, starting with a comparison of the global medical device market with the Chinese medical device market, and analyzing the huge market potential and opportunities in the Chinese medical device market.

China's medical device industry has strong growth potential. The total sales volume of the global medical device market has rapidly increased from US$187 billion in 2001 to US$355.3 billion in 2009, with a compound growth rate (2001-2009) reaching 8.35%. Even in the global economic recession of 2008 and 2009, global medical devices continued to rise upstream, achieving growth rates of 6.99% and 7.02% respectively, which was higher than the growth rate of the drug market over the same period. The medical device industry in China began to develop in the 1980s. The overall development of the industry is fast. Especially since the beginning of the 21st century, the medical device industry has entered a period of rapid growth as a result of an aging population and a significant increase in health care awareness. From 2000 to 2009, the market size of the medical device industry nearly doubled, with a compound growth rate as high as 21.1%, and the growth rate also exceeded the growth rate of the national pharmaceutical market in the same period.

According to the statistics of the National Bureau of Statistics, in 2012, the income of enterprises above designated size in the medical device industry in China has reached RMB 1655.6 billion. According to Jiang Feng, vice president of the China Medical Device Industry Association at the 4th China Medical Device Industry Innovation and Technology Finance Forum, “2012 Conservatively speaking, in terms of industry output value, the total production value of medical devices is 3,000 to 400 billion yuan, and industrial sales are about 300 billion yuan.For this data, the entire industry is very confident that China's medical device industry is the essence of high-end equipment manufacturing industry. The best part is that the future space is large enough."

At the same time, the production value ratio of equipment and pharmaceuticals in developed countries is about 1:1, while China’s equipment revenue accounts for about 10% of the pharmaceutical market. There is still a large gap in China's medical device industry, and the market has extremely broad development space.

From the per capita medical device cost point of view, China's current per capita cost of medical devices is only 6 US dollars / person, while the major developed countries per capita medical equipment costs are mostly 100 US dollars / person or more, Switzerland has reached an astonishing 513 US dollars / person. Compared with developed countries, China's per capita medical and health expenditure is still at a relatively low level, and there is great room for improvement in the future.

The leading edge of the medical device market segment entered the capital fast track. From the initial stage of primary EHS materials to the initial stage of expansion of categories, to the stage of structural changes promoted by private capital in the 1990s, the Chinese medical device industry completed its original technology and capital accumulation. , And initially achieve product structure adjustment and regional industrial layout. After the start of the new medical reform in 2006, the industry ushered in a new historical period. Under the influence of many fundamental factors such as industrial upgrading, import substitution, changes in population structure, changes in disease spectrum, and medical reform, diversified strategic appeals, fierce competition in the industry, and capital strength have become catalysts for industry consolidation, with endogenous characteristics and externalities in the industry. Under the joint action of the environment, leading companies in the field of medical device segmentation in China have entered the capital market one after another, and listed companies have also maintained a relatively rapid growth rate, which greatly exceeds the growth of around 5% of the global medical device industry. However, from the perspective of the global proportion of China's medical device industry or the market value of medical device listed companies, the gap between China's medical device industry and the world's advanced level is obvious.

The Medical Device Innovation Network follows the listing footprint of medical device companies from the 90s to 2012 and provides an overview of the ups and downs of the medical device industry. At present, there are more than 30 listed companies in the global capital market that use medical devices as their main business.

At the same time, the medical device industry has its own particularity and is more obviously affected by the national policy. Medical device companies also show their own development curve with the development of China's economic situation and capital market. Similarly, listed companies are the representatives of the leading companies in the medical device segmentation industry. The listing and development of medical device companies over the years have also represented the industry to some extent. The overall development trend.