Analysis on the sales scale of global medical device market in 2018

2019-08-02 00:00

The medical device industry is a multidisciplinary and technology-intensive industry. Multidisciplinary intersection is reflected in its involvement in polymer materials, life science, clinical medicine and other disciplines; Technology intensity is reflected in its production technology involving the joint application of medicine, machinery, materials and other technologies, which is a typical high-tech industry. Because it is related to human life and health, it is an important part of medical and health system construction and has a high strategic position. The development degree of medical device industry has become an important index to measure the level of a country's science and technology and the level of national modernization. The industry has become an important part of modern clinical medicine, disease prevention and control, public health and health care system, and has formed a broad market, stable demand industry.

1. International industry status

With the development of the economy, the growth of the population, the improvement of the aging degree of the society and the enhancement of people's health care awareness, the global medical device market demand continues to grow rapidly. The medical device industry is one of the fast developing industries in the world today. According to the statistics of the eu medical device commission, the total sales volume of the global medical device market has risen rapidly from 246.8 billion us dollars in 2004 to 501.8 billion us dollars in 2014, with a compound annual growth rate of 7.35%.

2004-2014 years global market sales scale

Source: public information collation


From the perspective of the global market pattern, the medical device industry in developed countries in Europe and the United States has entered the mature stage and formed a huge sales network after long-term development.

The United States is the largest medical device market in the world, where the world's leading medical device companies gather, and the leading level of technology and capital intensity make the market leading position in this region unshakable. The European Union is the world's second-largest market for medical devices after the United States. By the end of 2014, the population of the 28 eu countries had reached more than 508 million. Moreover, the region has a good economic foundation and strong consumption capacity of medical devices, so the market still retains its inherent driving force. The asia-pacific medical device market represented by China is a potential medical device market in the world. According to statistics, the average annual compound annual growth rate of the medical device market in the asia-pacific region from 2009 to 2012 is 10.2%, higher than the global average level, and its share of the global medical device market will significantly increase. Although the developing countries are mainly engaged in the processing and production of medical devices, the profit margin is relatively low. But with the progress of science and technology and the development of manufacturing industry, as well as the vast market brought by the huge population base, the future market prospect is very broad