The hottest medical device market demand may expan

2022-10-01
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The expansion of medical device market demand: or usher in the golden age

in 2016, China's pharmaceutical industry continued to take actions and policies. Driven by the reform of medical policies, the development of China's pharmaceutical industry is also stepping into a standardized fast lane. As an important part of the pharmaceutical industry, medical devices, with the rapid expansion of medical device market demand, all major players in the industry converged, Medical devices and the pharmaceutical industry have ushered in a golden age of development. In 2016, China's pharmaceutical industry continued to take actions and policies. Driven by the reform of medical policies, the development of China's pharmaceutical industry is also stepping into a standardized fast lane. As an important part of the pharmaceutical industry, medical devices, as an important part of the pharmaceutical industry, with the rapid expansion of the market demand for medical devices, all major players in the industry gathered, and medical devices and the pharmaceutical industry ushered in a golden era of development

there are many kinds of medical devices, and no matter which kind of device, in many statistical reports, the development trend is gradually improving. Futuremarketinsights recently released a report that the global 3D printing medical device market is expected to reach US $279.6 million, and the compound annual growth rate (CAGR) will reach 17.5% in the next 10 years. In the growing 3D printing medical device market, some industry giants have emerged, including 3dsystems, STRATASYS, arcamab, fabrx, EOS, envisiontec, etc. They are working individually or together to break the existing obstacles in the 3D printing medical device market, such as material constraints, structural size constraints and cost constraints. With the increasing demand for customized, high-quality and affordable features of medical devices, 3D printing will continue to be a feasible choice for medical device manufacturing

in addition to popular 3D printing devices, the global POCT (instant inspection) medical device market is also fast. You will automatically receive all software updates included in your contract, which is growing rapidly. POCT is a kind of medical material for in vitro medical diagnosis. Its instrument features small volume, simple operation and short time consumption. It can be tested on site around patients, tested immediately, and quickly obtained test results. The most well-known related products are blood glucose meter, pregnancy test stick, etc., which are common detection instruments in families. According to the use situation, POCT instruments are not limited to medical institutions, and the operators are not limited to medical professionals, so they are widely accepted by the market. According to the research released by Jibang consulting on February 7, due to the aging of the global population and the increasing number of patients with chronic diseases year by year, the demand for long-term monitoring of chronic diseases has increased, driving the rapid growth of the global POCT (instant testing) medical equipment market, which is more prominent than other types of medical materials. In 2016, the global POCT market scale was US $17.8 billion, and it is estimated that the scale can grow to US $25.6 billion in 2020, with a compound growth rate of 9.7% from 2015 to 2020

throughout the world, the development prospect of the medical device industry known as the yield point or yield strength industry is promising. Under this background, many industry bigwigs have joined it. Recently, China Yongsheng medical, listed on the Hong Kong stock exchange, invested $3million in inovytec, an Israeli medical device company. Inovytec is committed to developing portable non-traumatic medical devices that can be used for emergency care outside the hospital. Inovytec and Yongsheng medical will enter into a manufacturing and supply agreement. In the future, it will promote, develop and sell a series of medical devices for respiratory and cardiac emergencies, such as neck guards, defibrillators and portable ventilators. Yongsheng medical will be the manufacturer of the above products. Meanwhile, inovitec and Yongsheng medical will also enter into a distribution agreement, according to which inovitec will grant the group the exclusive right to distribute the above products in the relevant regions within the exclusive period specified in the distribution agreement. Inovytec said that this transaction will help it enter the Chinese market. With the experience and influence of Yongsheng medical in the Chinese market, inovytec can tap the huge potential in the field of medical devices in China

at the same time, universal medical also announced that the acquirers (Xi'an Wanheng and Xi'an qinrun), Mr. Du and the target company had reached an equity transfer agreement. Xi'an qinrun is a limited company established in China and a wholly-owned subsidiary of the First Affiliated Hospital. The company is mainly engaged in the sales of drugs and medical devices, medical investment and medical technology consulting services. Xi'an qinrun holds 20% equity of Xi'an Wanheng; The company holds 80% equity of Xi'an Wanheng through its wholly-owned subsidiary Xi'an Ronghui

according to the forecast report, the profit of China's medical instrument and equipment manufacturing industry will reach 26.5 billion yuan in 2017, with an average annual compound growth rate of about 8.39% in the next five years (), and the profit of China's medical instrument and equipment manufacturing industry will reach 36.6 billion yuan in 2021. With the full implementation of relevant policies, the domestic high-end medical device market has gradually entered a stage of steady development. We have reason to believe that 2017 will be a new beginning

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