The Development History of Medical Devices

The medical device industry involves multiple industries such as medicine, machinery, electronics, plastics, etc. It is a multidisciplinary, knowledge intensive, and capital intensive high-tech industry. The basic characteristics of high-tech medical equipment are digitization and computerization, which are the crystallization of modern high-tech in multiple disciplines and fields. Its products have high technological content and high profits, making it a high ground for competition among major technological countries and international large companies, with high entry barriers. Even in sub industries where the overall gross profit margin is low and investment is not high, there will continue to be the emergence of high-tech products, which will breed some enterprises with strong profitability. Therefore, the overall trend of the industry is high investment and high returns.
Medical imaging equipment is an indispensable component of hospital medical equipment and an important manifestation of the hospital's comprehensive strength. It not only provides important guarantees for clinical diagnosis and treatment, but also provides an important platform for clinical scientific research. As a comprehensive platform, imaging equipment plays an important role in promoting the development of hospitals.
With the development of China's medical industry and the upgrading of some hospital equipment, the market demand for medical imaging diagnostic equipment in China has increased sharply in recent years, objectively driving the development of the medical imaging diagnostic equipment industry in China. In the process of rapid development, some enterprises have continuously grown and strengthened, forming a certain degree of competitiveness, and the market share of domestically produced medical imaging diagnostic equipment has increased.
As an important component of the pharmaceutical industry, the configuration of medical equipment in medical institutions is second only to the standards used by physicians to evaluate medical institutions for consumers.
The medical device industry is a multidisciplinary, knowledge intensive, and capital intensive high-tech industry with high entry barriers. The overall level of medical equipment in Chinese medical institutions is still very low. Among the medical devices and equipment in grassroots medical and health institutions nationwide, about 15% are products from around the 1970s, and 60% are products from before the mid-1980s. The process of updating and upgrading them is also a process of demand release, which will ensure the rapid growth of the Chinese medical device market in the next 10 years or even longer.