The basic characteristics of high-tech medical equipment are digitalization and computerization. It is the crystallization of modern high-tech with multi-disciplinary and inter-disciplinary fields. Its products are high in technical content and high in profits. Therefore, it is the commanding heights of the major technological countries and large international companies. The threshold is higher. Even in the sub-sectors where the overall gross profit margin of the industry is low and the investment is not high, there will be continuous emergence of high-tech products, and some companies with strong profitability will be bred. Therefore, the overall trend of the industry is high investment and high returns.
First, the development status of the medical device industry
With the continuous improvement of people's living standards, the selection of medical devices will be more and more advanced, the product structure will be continuously adjusted, the functions will be more diversified, and the market capacity will continue to expand.
![[Depth] Analysis of the status quo, prospects and trends of medical device development in China](http://i.bosscdn.com/blog/image001.jpg)
China's medical device industry market scale (100 million yuan) from 2010 to 2014
Related Report: According to the “2016-2022 China Medical Device Market Research and Development Trend Research Report†released by Zhiyan Consulting, the average annual compound growth rate (CAGR) of China's medical device industry sales revenue was 27.4% between 2005 and 2010. In 2010, the sales revenue of the medical device industry reached about 110 billion yuan. Analysts expect that by 2015 China's medical device industry will reach an industrial sales scale of around RMB 190 billion.
In 2015, the total sales of medical equipment in the country was 56.858 billion yuan, an increase of 4.93% over the previous year. The 2011-2015 national medical device sales total compound growth rate (CAGR) was 17.53%.
![[Depth] Analysis of the status quo, prospects and trends of medical device development in China](http://i.bosscdn.com/blog/image002.jpg)
Total sales of medical equipment in the country from 2011 to 2015
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