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The development of medical devices.

The development of medical devices.

History of medical Devices:
Medical device industry involves medicine, machinery, electronics, plastics and other industries, is a multidisciplinary, knowledge-intensive, capital-intensive high-tech industry.

The basic characteristics of high-tech medical equipment are digitalization and computerization. It is the crystallization of multi-disciplinary and cross-field modern high technology. Its products have high technical content and high profits.

Even in the sub-industries with low overall gross profit rate and low investment, there will continue to be products with high technical content, and some enterprises with strong profitability will emerge from them. Therefore, the overall trend of the industry is high investment, high income.

What is the definition of medical device?

Medical equipment refers to equipment, materials or other articles that are individually or in combination used on the human body for the purposes of:
(1) prevention, diagnosis, treatment, monitoring or remission of diseases.
(2) diagnosis, treatment, guardianship, mitigation or compensation for injury or disability.
(3) the study, substitution or regulation of anatomical or physiological processes.

What are the prospects for medical devices?

Medical device industry development prospects are quite good, the future with the support of national policy, will continue to expand the market demand, China’s population aging speed as well as the medical devices industry technology development and industrial upgrading, medical equipment industry is expected to continue to maintain the good trend of rapid growth, and realize from low-end to high-end market vision of import substitution.

With the improvement of people’s living standards, China’s population aging and the increasing demand for health care, the future will get rapid development, medical equipment industry in China due to the new reform of correlation effect can be seen in the coming years, as a result, the next three years will also be a cyclical peak in China’s medical equipment industry, In particular, it has a very positive impact on some basic medical equipment products, and it is also an opportunity for low-end medical equipment enterprises to develop.

Post time: Mar-04-2022