Policy planning continues to be introduced: China's medical device market will reach 500 billion

On December 19, 2016, Minimally Invasive Medical Co., Ltd. invested in the aortic stent graft minimally invasive medical treatment and the US-listed medical device company Lombard Medical, Inc. Announced: The two sides reached an agreement on strategic cooperation and minimally invasive medical care to fund LombardMedical.

Medical device companies have laid out at home and abroad

In 2016, there were 94 cases of mergers and acquisitions in the domestic medical device industry , including 85 cases of mergers and acquisitions among domestic enterprises, and 9 cases of domestic enterprises acquiring foreign enterprises. In 2016, the M&A transaction in the medical device industry was mainly due to the acquisition of the existing business, the expansion of the upstream and downstream of the production chain or the horizontal expansion of business scale, and some mergers and acquisitions cases to expand into new business areas. Some of the mergers and acquisitions are as follows:

Chart 1: 2016 China's medical device industry investment layout at home and abroad (unit: 10,000 US dollars, 100 million yuan)

The scale of income has grown

In recent years, the rising wave of investment and mergers has also boosted the market scale of the medical device industry. "2017-2022 China's medical device industry market demand forecast and investment strategic planning analysis report" shows that in 2011, the medical device industry market scale of 135.4 billion yuan, exceeded 200 billion yuan in 2014, the market size reached 244.8 billion yuan in 2016, year-on-year The growth rate was 7.9%, and the compound growth in 2011-2016 was 12.57%.

Chart 2: 2011-2016 China's medical device industry market size changes (unit: 100 million yuan,%)

Source: National Bureau of Statistics

Policy planning continues to be introduced

The development of the industry is inseparable from the guarantee and support of national policies. China's medical device industry not only occupies a relatively important position in the national economy, but also closely related to the vital interests of the people. Since 2016, the state has continuously introduced new measures to ensure the healthy development of the medical device industry.

Figure 3: Main policies and plans of China's medical device industry since 2016

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