Four major changes in China's medical device industry in the past decade
As a sunrise industry with strong market demand, the medical device industry has developed very well in recent years. In 2007, China's medical device output value accounted for 0.24% of GDP (GDP); in 2011, it increased to 0.29% - although the proportion is not large, it has been on the rise. In 2012, China's medical device industry output value is expected to exceed 170 billion yuan. Change-technology and quality improvement In the past ten years, the technical structure and product quality of medical device products in China have undergone significant changes, especially in the field of patient monitoring products, medical imaging equipment, clinical laboratory equipment and minimally invasive interventional products. Moreover, China has developed a series of innovative products with completely independent intellectual property rights, such as stereotactic ultrasound focusing therapy system, excimer laser human eye aberration correction system, body rotation gamma knife, and sleep monitoring system. The number of companies in change 2 has surged The number of medical device manufacturing enterprises in China has increased year by year: in 2010, there were 14,337, including 4015 medical device manufacturers, 7906 medical device manufacturers, and 2,416 medical device manufacturers, and national and provincial key enterprises. 1863 homes. As of the end of November 2012, the number of medical device manufacturers nationwide has rapidly increased to more than 16,000. State-owned enterprises, foreign-funded enterprises and joint ventures and private enterprises accounted for 3%, 37% and 60% respectively. Among them, there are more than 200 enterprises with an output value of over 100 million yuan; less than 20 enterprises with an output value of over 1 billion yuan, and foreign-invested enterprises and joint-venture enterprises account for the vast majority. 2011 statistics show that foreign and Hong Kong, Macao and Taiwan-invested enterprises constitute the main force of China's medical device industry, its assets accounted for 43% of the total assets of China's medical device industry. Change three regional advantages highlight The three regions of the Pearl River Delta, the Yangtze River Delta and the Bohai Bay rely on the industrial technology, scientific and technological talents, clinical medical Foundation and policy advantages of the region, and gradually develop into three major gathering areas of China's medical device industry. The sum of the output value of medical devices and the sales of medical devices in these three regions accounted for more than 80% of the national medical device output value and total sales. The commonalities of these three regions are: they have a relatively strong medical equipment support industry foundation, and the electronics industry, machinery and equipment manufacturing industry, and chemical industry are relatively strong, which is convenient for technical cooperation and product matching; convenient transportation at home and abroad. The international level of seaports is conducive to technical exchanges and trade exchanges; higher education institutions and high-tech, high-tech talents are relatively concentrated, with strong potential talent resources and technological development stamina; medical research and medical clinical level is higher than other regions, Three-level hospitals gather, and the clinical trial research and clinical evaluation capabilities of new medical devices are strong; there are strong financing channels, including state-owned capital, private capital and foreign capital. The three regions have their own characteristics: the Yangtze River Delta and the Bohai Bay region are cross-provincial regions. The original medical device manufacturing base is good. After adjustment and restructuring, it has the characteristics of new and old. The township enterprises in the Yangtze River Delta are developed. Strong organic chemical industry, the development of disposable medical supplies industry is prominent; the Pearl River Delta is part of Guangdong Province. Although its original medical device manufacturing industry is poor, its modern medical instrument and equipment manufacturing industry benefits from the reform and opening up policy and The introduction of foreign capital, coupled with the rapid development of the home appliance and electrical manufacturing industries, has become the latecomer of the medical device industry. Although the region's output value of medical devices is not as good as that of the Yangtze River Delta and the Bohai Bay region, the technical structure and main body of medical device products. In terms of added value of product technology, Shenzhen in the Pearl River Delta ranks first in the country and is a pearl in the national medical device industry. In 2011, the top five regions in terms of medical device sales revenue were Jiangsu, Guangdong, Shandong, Shanghai, and Beijing, with a total sales revenue of 64.16%. Among them, Jiangsu and Guangdong accounted for 23.16% and 15.87% respectively. The top five sales profits were Jiangsu, Guangdong, Beijing, Shanghai and Shandong, with profits accounting for 23.51%, 19.28%, 11.91%, 7.99% and 7.70%, respectively, totaling 70.39%. This shows that these five regions are important distribution areas for the medical device industry in China, and they have an absolute advantage in terms of scale and profitability. In addition, the product technology level and product added value of Beijing, Chongqing, Guangdong, Zhejiang and Sichuan are significantly higher than other provinces (cities), so the profit rate of medical device sales is also higher. Change four mergers and acquisitions accelerate It is a major trend in the medical device industry that companies focus on a certain segment or take a diversified development path through mergers and acquisitions. Since 2010, China's medical device industry mergers and acquisitions have significantly accelerated. These mergers and acquisitions follow three patterns: 1. Focus on market segmentation, achievement segmentation leader; 2. Become a comprehensive giant through M&A expansion; 3. Realize medical integration through technological advantages. For example, Shenzhen Mindray, Weigao, Yuyue Medical, and Lepu Medical have become diversified through joint ventures and mergers and acquisitions; they have become the leader of integration; minimally invasive medicine, Kanghui Medical, Chuangsheng Medical, Jiu'an Medical, Yangpu Medical, Xinhua Medical is a leader in the field of segmentation. 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A few days ago, at the academic forum held by Shanghai Jiaotong University, the participating experts comprehensively reviewed the development of China's medical device industry, and discussed the future development direction of the medical device industry and the problems that need to be addressed. Cai Tianzhi, director of the Medical Devices Division of the China Chamber of Commerce for Import and Export of Medicines and Health Products, as a guest expert, shared his understanding of these issues in more than three hours of lectures. This article draws some of the content for peer discussion.