Current situation of industry of medical products at home and abroad

Time：2017-02-08

Development of industry of medical products in foreign countries

Medical products industry is a new industry related to human life and health, and it has been maintaining a high annual growth rate for nearly more than 10 years in the world , known as the sun-rising industrial. In 1990s, the global economic was getting downturn, but the medical products industry still can maintain a good momentum of development. In this period, the U.S. medical products industry grew by 6% to 7%, superior then over the economic growth at the same period of 2.7%-4.4% . The entire economic growth in Western Europe is struggling and the growth rate of the European Community's medical products industry is over 3%. Japan's economic growth rate is about 3.5%%, while the medical products industry growth rate is 8%. At the same time, the medical products market is also quite prosperous: the U.S. market growth rate is 5.1%, while the EC shares 6.1% and Japan shares 8.3%.

At present, the United States is the world's largest medical products market and advanced medical technology leading country and accounts for more than 40% to the global medical equipment market, also the composite growth rate is 9% in 1999-2004. Western Europe is the second largest market for medical products accounting for nearly 25% of the global medical products industry; In Asia, Japan is the most important advanced medical technology and economic development market, China and India have a large population, its market is full of rapid development, growth and potential in recent years and in the future, Latin America, with the development of Mexico, Brazil, Argentina and Chile, became more industrialized and the medical products industry grew rapidly.

According to the what HIMA has reported (Health Industry Manufacturers Association), the sales of Global Medical products in 1995(BME industry, including medical products and biomedical materials) is 120 billion, reached 130 billion in 1996, to 137 billion dollars in 1997, and 153 billion dollars in 1999.  In recent years, it keeps continuous growth rate of 6%~7% . According to the market analysis of Frost&Sullivan company in 2004 , the global Medical products market capacity is 248.4 billion in 2003, and the sales of global medical products are more than 250 billion US dollars in 2005, which is expected to be an increase of 6.5% in the next 3 years or so. At the same time, International trade of medical products keeps the increasing speed of 25% per year. The sales profits can reach 40% to 50%. It is the the industrial category with the fastest economic development, active trade and high value-added products .

The United States is the largest producer and the largest consumer in the world.  The United States , as a representative of the developed countries currently has reached the proportion of medicines and equipment of 1:1 in the medical and health per capita consumption. And also its product technology and demand are still growing, medical products industry have become a very active new economic growth in 21st century.

Medical instrument products are the mainstream products in the modern medical products industry and play a leading role in the development of industry. Modern medical instrument products gather and integrate into a large number of modern scientific and technological achievements. Being the combination of medicine and various disciplines of high-tech products, it is the modern high-tech products that combine the modern computer technology, the precision machinery technique, the laser technology, the radiation technology, the nuclear technology, the magnetic technology, the detecting sensing technology, the chemical detection technology and the biomedical technology, the information technology together constitute the digitization and the computerization is its basic characteristic. Because of the high technical content and high profit, it has become the commanding heights of competing among the great technology and large multinational corporations, and its development level has become an important symbol of the national comprehensive economic and technical strength and level. The world's digital medical instruments market is mainly the United States, a handful of multinational corporations in Japan, Germany, and other countries are monopolized by GE, Siemens, Philips and Toshiba, Hitachi, Japan, which occupy 90% of the global digital Medical imaging apparatus and equipment market.

 The development of medical products industry in China

China has developed rapidly in recent years, the annual growth rate reaches 14 : 15, and after years of efforts, it has been a number of domestic high , refined, sharp products, in the medical equipment such as magnetic resonance (MRI), CT, digital B-Ultra, medium-low-energy linear accelerator, rotary Gamma Knife, digital subtraction imaging system, laser surgical device, fiber optic endoscope, etc. Chinese direct digital X-ray Medical Imaging System (DR) in line with international technical standards has also been developed successfully and put into clinical application in China, In addition, there are a number of updated digital medical equipment and technology R &D are successful  and has acknowledge national patents.

But overall, China's medical products industry, compared to developed countries in quality, quantity, still has a long way to go. Medical products industry sales, accounting for only 2% of the world's medical products sales are neither hard to meet the needs of our health and health undertakings badly, nor disproportionate to the total China's economic accounting to 7% to the world's economic development. The current products can only account for 50% to 60% in the market annual capacity of the domestic medical equipment. Per capita consumption ratio of drugs and armed are only 10:1. The high-end medical products market is basically occupied by foreign or multinational corporations.