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China Medical Devices Industry Development Report and Prospect Analysis 2022

China Medical Devices Industry Development Report and Prospect Analysis 2022

China's medical device industry has grown from scratch, from lagging behind to catching up, through several stages of start-up, rapid development and high-quality development, and has now grown into a mature industry with a complete range of products and outstanding technical capabilities that can meet the needs of consumers at different levels.

What are the positive aspects of the medical device industry as policies continue to come to the fore?

What are the positive aspects of the medical device industry as policies continue to come to the fore?

With the spring breeze of favorable policy continues, the medical equipment sector has a more obvious rebound trend. From the news: "for hospitals and other equipment acquisition and renewal and renovation of new loans, the implementation of a phased incentive policy, the central financial subsidies 2.5 percentage points, the term of 2 years, apply for interest subsidies as of December 31 this year." This means that the pressure on hospital funds eases, then medical equipment and pharmaceutical companies will have faster payback, and pharmaceutical companies have more funds to equip new equipment and drugs, which belongs to be a direct benefit to pharmaceuticals and suppliers.

Gradual stabilisation of imports and exports of medical devices

Gradual stabilisation of imports and exports of medical devices

In recent years, China's total imports of medical devices continue to grow, along with the further expansion of market demand and domestic device companies to accelerate the layout of overseas markets will further increase the total amount of imports and exports. At present, China's reliance on imported medical equipment in the field of high-end respiratory health is relatively serious and has not yet formed an import substitution

The importance of artificial intelligence in home medical devices comes to the fore

The importance of artificial intelligence in home medical devices comes to the fore

The continuous development of artificial intelligence technology has provided a strong prerequisite for the development of the medical and health care sector in the direction of intelligence. Artificial intelligence empowers home medical devices mainly to assist in remote diagnosis. With the support of national policies, AI-enabled home medical devices have become an important trend in the future development of home medical devices through the establishment of telemedicine service platforms.

The National Health and Wellness Commission, National Development and Reform Commission and other 11 departments issued the "Guidance on Further Promoting the Development of Medical and Health Care Integration

The National Health and Wellness Commission, National Development and Reform Commission and other 11 departments issued the "Guidance on Further Promoting the Development of Medical and Health Care Integration

【National Health and Wellness Commission, National Development and Reform Commission and other 11 departments issued "Guidance on Further Promoting the Development of Medical Care Integration"] Recently, the National Health and Wellness Commission, National Development and Reform Commission and other 11 departments issued "Guidance on Further Promoting the Development of Medical Care Integration".

The scale of China's medical device industry continues to grow at a high rate, with a steady increase in the scale of import and export

The scale of China's medical device industry continues to grow at a high rate, with a steady increase in the scale of import and export

In the past three years, the scale of China's medical device industry has continued to grow at a rapid pace due to the impact of the new crown pneumonia epidemic. 2022 saw the number of domestic medical device manufacturing enterprises break through 30,000 and the number of operating enterprises also break through 1.1 million, promoting the booming development of the entire medical device industry.

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