The demand for medical machinery in China is huge

It is reported that about 15% of the medical equipment and equipment owned by 175,000 medical and health institutions in the country are products before and after the 1970s, and 60% are products before the mid-1980s. This also indicates that they need to be replaced. In the process, it will ensure the rapid growth of the Chinese medical device market in the next 10 years or even longer.

According to the behavior analysis, the new medical reform is mainly the reform of major medical insurance and public hospitals. The reform of public hospitals will inevitably increase the demand for medical devices. At the same time, behind the rapid growth of the aging population, there is a market space of up to trillion yuan in the pension industry, and aging. The biggest demand for society is not automobiles or other consumer goods, but high-quality medical care. The market for medical device consumption is bound to expand further.

In the final analysis, the new medical reform is to resolve public health problems and expensive medical services. Therefore, in addition to strengthening and expanding urban and rural medical security coverage, and increasing the reimbursement for major illnesses, the government will further promote the concept of hospital management and treatment and the high-end medical devices in urban and rural areas. Imperative. The new medical reform has clearly stated that the state will increase the public health system, urban communities, and rural primary health care construction. In the next few years, grassroots medical institutions in county and townships in the second and third lines will be the top priority for China's medical device market. Economically backward areas such as the Midwest will also be the focus of future development.

Judging from the experience of the past few years, whether it is real estate or the auto industry, due to the sensitive sense of the industry, foreign capital can always be laid out in advance. Apart from Medtronic's acquisition of two Chinese medical device companies, foreign medical device companies such as GE, Karl Storz, and Covidien will also plan to acquire sales channels through acquisitions to penetrate the Chinese market, actively promote R&D in China's regions or add related projects, etc. In order to improve its strength in China, not only sticking to the field of high-end equipment, it will also explore the Chinese primary medical device market, and even determine the low-end products for the market. From the perspective of foreign investment, it also confirms the prospects for medical devices.