12th Five-Year Plan for Medical Device Industry is being formulated

Cai Tianzhi, director of the medical equipment division of the China Medical Insurance Association, told reporters on the 20th that China's medical device manufacturing industry is in good shape and the industry's "Twelfth Five-Year Plan" is in full swing.

At the same time, Cai Tianzhi stated that the growth rate of the export of the medical device industry in the second half of the year is expected to continue the rapid momentum in the first half of the year and the annual growth rate will reach 18%-20%.

Encouraging enterprises to "go out"

According to reports, the "12th Five-Year Plan" of the medical device industry will encourage enterprises to "go global" and encourage enterprises to increase cooperation with foreign capital.

According to relevant sources from listed companies in Dongguan, the consumption of medical devices in the US market accounted for 40%-50% of the total pharmaceutical consumption, and the space is huge. According to the source, taking vacuum Blood Collection Tubes as an example, China’s annual per capita consumption is less than 1, while Japan’s per capita consumption is 4 and the United States is 10. Therefore, overseas strategies are developed and “going out” is adhered to. Will become Yangpu Medical's unwavering approach to development.

In the “going out” process, the major export products have been certified by Japan, the European Union, and other import regions. As the related certification work takes a long time and costs are high, the advantages of product international certification will make competitors in the short term. Difficult to surpass.

It is reported that China's medical enterprises have succeeded in opening up the American market. In 2008, Mindray International Medical Co., Ltd., China's largest high-tech medical equipment manufacturing company that acquired American counterparts to enter the US market, has nearly 40% of the products developed and produced by the company so far have entered the international market.

Export growth is expected to accelerate

The export growth of medical equipment in China is expected to accelerate this year. "Since the outbreak of the global financial crisis in 2008, the procurement funds for medical devices in Europe and the United States have shrunk. They are looking for cheaper alternative products. China's medical device products are based on high quality and low price as weapons, manufacturing processes, and research and development. On the basis of continuous improvement in the level of exports, the situation of exports has skyrocketed, and the outlook for the next 2-3 years is also quite promising.” Cai Tianzhi evaluated the export prospects of the medical device industry.

According to data released recently by the Medical Insurance Association, in the first half of 2010, Asia, Europe, and North America remained the major export markets for medical devices in China, with corresponding export volumes of 2.16 billion, 1.838 billion and 1.878 billion U.S. dollars, respectively. Up to 89.45%.