Jamesp071
New Member
Here Id like to share two articles about medical device trend. The first article starts from global analyze and the second article will talk about 9 specific trends. Please notice the info of potential growth in China mentioned in both articles.
General analyze:
The industry is highly fragmented, and North America dominates with 46% of the global market. High competitive rivalry prevails with low to moderate barrier for entry into the industry.
Increased global competitiveness and government regulation and a lack of qualified manpower related to medical devices are some of the challenges facing the Medical Device industry. As perthe study, technological advancements may lead to nanotechnology applications and use of surgical robots as a new segment entering the medical device industry. These new segments are expected to improve the prospects for the market. Infrastructural development such as construction of hospitals and clinics and urbanization is expected to drive the growth of the medical device industry to new horizons.
APAC is projected to lead the market and grow at the highest CAGR during the forecast period.
India and China are expected to be the driving countries.
The cardiovascular segment is anticipated to witness growth due to an increase in the number of heart patients. Surgical and infection control and general medical Devices are the most lucrative segments for companies in APAC.
Second Article
3. China emerging as a medical device player. There is an expanding market for medical devices in China. Chinese companies are acquiring FDA-approved products to bring back to China and sell. They may also be manufacturing products to introduce in the U.S, particularly medical diagnostic equipment, or acquiring U.S. manufacturing "know how" to help increase the quality of their production in China for Chinese and other developing market distribution, according to Mr. Kinsella.
"Some medical device manufacturers in China are interested in gaining a foothold in the U.S.," Mr. Kinsella says. "I think this will increase competition for the acquisition of US contract manufacturing operations, as well as the orthopedic and spinal branded product IP holders and marketers."
He notes several examples of Chinese manufacturers acquiring U.S. manufacturers and says the influx of Chinese companies in the medical device industry brings about the realization of a global medical device market.
"I'm not persuaded that we will see orthopedic implants imported on a large scale from China into the US, but I think we will see Chinese business acquirers increasingly coming into Europe and the U.S to make company and product line acquisitions," he says. Heres the case study of Guangzhou Overseas Chinese Hospital which keeps updating high-tech medical equipment.
It seems we need to watch China's medical device market, doesn't it ?
General analyze:
The industry is highly fragmented, and North America dominates with 46% of the global market. High competitive rivalry prevails with low to moderate barrier for entry into the industry.
Increased global competitiveness and government regulation and a lack of qualified manpower related to medical devices are some of the challenges facing the Medical Device industry. As perthe study, technological advancements may lead to nanotechnology applications and use of surgical robots as a new segment entering the medical device industry. These new segments are expected to improve the prospects for the market. Infrastructural development such as construction of hospitals and clinics and urbanization is expected to drive the growth of the medical device industry to new horizons.
APAC is projected to lead the market and grow at the highest CAGR during the forecast period.
India and China are expected to be the driving countries.
The cardiovascular segment is anticipated to witness growth due to an increase in the number of heart patients. Surgical and infection control and general medical Devices are the most lucrative segments for companies in APAC.
Second Article
3. China emerging as a medical device player. There is an expanding market for medical devices in China. Chinese companies are acquiring FDA-approved products to bring back to China and sell. They may also be manufacturing products to introduce in the U.S, particularly medical diagnostic equipment, or acquiring U.S. manufacturing "know how" to help increase the quality of their production in China for Chinese and other developing market distribution, according to Mr. Kinsella.
"Some medical device manufacturers in China are interested in gaining a foothold in the U.S.," Mr. Kinsella says. "I think this will increase competition for the acquisition of US contract manufacturing operations, as well as the orthopedic and spinal branded product IP holders and marketers."
He notes several examples of Chinese manufacturers acquiring U.S. manufacturers and says the influx of Chinese companies in the medical device industry brings about the realization of a global medical device market.
"I'm not persuaded that we will see orthopedic implants imported on a large scale from China into the US, but I think we will see Chinese business acquirers increasingly coming into Europe and the U.S to make company and product line acquisitions," he says. Heres the case study of Guangzhou Overseas Chinese Hospital which keeps updating high-tech medical equipment.
It seems we need to watch China's medical device market, doesn't it ?