The export of medical devices has gradually entered a period of steady growth


Published:

2020-06-28

my country's medical device exports have gradually entered a period of steady growth, with broad development space. The data shows that in 2013, my country's medical device exports amounted to 19.335 billion US dollars, an increase of 9.92%; the import value was 14.975 billion US dollars, an increase of 20.07%, showing a situation of booming in and out, developed markets and emerging markets go hand in hand. Hospital diagnosis and treatment equipment, as the main export products of medical equipment products, still maintains a double-digit growth rate. For example, the export value of color ultrasonic diagnostic instruments in 2013 was 477 million US dollars, an increase of 11.39% year-on-year.

my country's medical device exports have gradually entered a period of steady growth, with broad development space. The data shows that in 2013, my country's medical device exports amounted to 19.335 billion US dollars, an increase of 9.92%; the import value was 14.975 billion US dollars, an increase of 20.07%, showing a situation of booming in and out, developed markets and emerging markets go hand in hand. Hospital diagnosis and treatment equipment, as the main export products of medical equipment products, still maintains a double-digit growth rate. For example, the export value of color ultrasonic diagnostic instruments in 2013 was 477 million US dollars, an increase of 11.39% year-on-year.

Huge export potential
At present, my country's high-end medical device market is still dominated by several well-known foreign brands. Mid-to-high-end medical devices mainly rely on imports, and the import value accounts for about 40% of the total market. However, domestic medical devices still have great potential. From the export data in 2013, with the advancement of science and technology, enterprises have increased their investment in research and development, and my country's medical device exports are gradually entering a period of steady growth.
According to the data provided by the Medical Device Branch of the China Medical Materials Association, in 2013, my country's main products exported to the United States included X-ray contrast agents, medical non-woven fabrics, hearing aids, cotton wool, gauze, bandages and monitors; The main products are color Doppler ultrasound, cotton wool, gauze, bandages, wheelchairs, etc. The main products exported to Germany are cotton wool, gauze, bandages, medical non-woven fabrics, ventilators and scales. The main products with the export value of medical equipment exceeding US$100 million are medical catheters, cotton wool, gauze, bandages, disposable or medical non-woven fabrics made of chemical fibers, X-ray examination contrast agents, hearing aids, color Doppler ultrasound, syringes, weight scales, monitors and CT . Although my country's exported medical devices are still mainly low-end, but with the rise of some domestic enterprises, my country is constantly making breakthroughs in CT, nuclear magnetic resonance, color Doppler ultrasound, etc.
Cai Tianzhi, director of the Medical Device Department of the China Chamber of Commerce for Import and Export of Medicines and Health Products and honorary chairman of the Medical Dressing Branch, said that at present, domestic medical device companies are in the process of transformation and upgrading. Abandonment, cooperation and communication will become the mainstream, and enterprises will turn to give more investment in the research and development of high-tech and high value-added products.
The China Chamber of Commerce for Import and Export of Medicines and Health Products predicts that in 2014, my country's medical device trade is expected to achieve a growth rate of 12%, and the growth rate of imports is stronger than that of exports.
Intensified foreign mergers and acquisitions
Throughout 2013, my country's medical device mergers and acquisitions have increased significantly, sending a strong signal of internationalization. In April, Fosun Pharma acquired up to a 95.6% stake in AlmaLasers Ltd, an Israeli manufacturer of medical lasers, photonic radio frequency and ultrasound equipment. According to arisWilliams report, Alma occupies 15% of the global market share of high-end beauty power equipment, with annual sales of nearly 100 million US dollars in 2012. In June, Shenzhen Mindray acquired Zonare Medical Systems, Inc, an American ultrasound diagnostic equipment company. In addition, Li Wenmei, the chief investment officer of Mindray, told the media that due to the complementary products between the two parties, the completion of the acquisition will help strengthen Mindray's research and development capabilities and sales capabilities. According to industry analysts, the acquisition of Zonare is an important signal for Mindray to enter the high-end market, and it is the result of Mindray's comprehensive consideration of its own products and market positioning. In June, Shanghai MicroPort Medical acquired the orthopedic business of Wright Medical in the United States for US$290 million, becoming the largest overseas M&A case in my country's medical device industry. Minimally invasive medical, which is called "snake swallowing elephant" by the industry, is ultimately due to its optimism on the domestic orthopaedic market. It is reported that Wright's products are mainly used to replace or repair deteriorating or damaged knee and hip joints. According to industry forecasts, by 2018, China's orthopedic market will reach US$3.7 billion, while the global orthopedic market will reach US$37.5 billion.
In September, Shenzhen Mindray acquired Australian distributor Ulco Medical Co., Ltd. According to the acquisition agreement, Mindray will obtain Ulco's mature sales and after-sales service channels in the Oceania market.

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