The medical device industry chain is mainly divided into three parts: upstream parts manufacturing, midstream medical equipment and consumables manufacturing, downstream clinical testing and terminal use. In recent years, China's medical device industry has developed rapidly, but high-end medical devices still rely on imports. Representative enterprises of China's medical device industry chain are concentrated in Guangdong, Shanghai, Shandong, Beijing, Jiangsu and other regions, and Guangdong has gradually formed a medical device industry cluster.

Overview of medical device industry chain: China's high-end medical devices rely on imports

Upstream is spare parts manufacturing, including medical raw materials and processing, involving machinery manufacturing, electronic manufacturing, biochemistry, software and other industries. The electronics industry provides electronic components, circuit boards, chips and other electronic components for large medical equipment. Biochemistry industry provides bioinformation detection technology support and bioinformation conversion technology for medical device industry; Software and systems To provide information system software for medical equipment, such as medical image processing software; Materials industry for the main products for shell materials, some special materials. The midstream of the medical device industry is related to the research and development, manufacturing, sales and service of medical devices and medical consumables. The downstream is the clinical test and terminal use of medical devices. The terminal users are divided into family users and various medical institutions.

From a global perspective, the medical device industry in developed countries and regions such as Europe, the United States and Japan has developed early, and the technical level of medical device products is relatively high. The market demand is mainly for the upgrading of new products. The market is huge and the growth is stable. The emerging market represented by China is the most potential medical device market in the world. The demand for product popularization and the demand for upgrading coexist, and the growth rate has been relatively fast in recent years. The scale of the Chinese market is gradually increasing, especially in terms of a variety of low-end medical equipment products, the output ranks first in the world. However, China's medical device industry started relatively late and still has a certain gap with international medical device giants. Although some domestic brands of innovative medical devices and high-end medical devices have no significant differences in technology from those of multinational companies and are leading in terms of cost performance, the top three hospitals that require high reliability and are relatively price-insensitive in the medical industry rely more on the traditional International giant products, some important high-end medical devices still rely on imports, so domestic medical devices still have a small market share in key departments of tertiary hospitals.

With the development of economy, the increase of national income, the aging and urbanization of population, the increasing incidence of chronic diseases, the reform of medical policy and the continuous improvement and popularization of medical insurance will greatly promote the development of the medical device industry. With the transfer of global manufacturing capacity and the continuous improvement of China's equipment manufacturing capacity, it provides good conditions for the medical equipment to stride forward to the middle and high-end market. At present, a number of excellent medical device manufacturers have emerged in China, such as Mindray Medical, Neusoft Medical, Yuyue Medical, Weigao Stock, Minimally invasive Medical, Lepu Medical, etc.