China, India, and Pakistan Medical Machinery receive Western attention

China, India, and Brazil are all populous countries, and they are also BRIC countries. In recent years, China, India, and Pakistan have seen strong national economic development. The performance of the medical equipment market in the three countries is also better than that of the other two BRICS countries, Russia and South Africa. The trend of the medical equipment market in the three countries is increasingly generating a global medical device market. important influence.

Not long ago, a research report published by DATAMONITOR, a well-known international consulting company in Europe, pointed out that in recent years, the medical device industry in China, India, and Pakistan has maintained a rapid growth rate. Although the total population of the three countries accounts for the total population of the world, More than 40%, but the total market value of its medical devices currently accounts for only 21% of the total value of the global medical device market, so the medical equipment market in the three countries has great potential for development.

China: Policy improves production capacity

DATAMONITOR's research report pointed out that in the past five years, China's medical device industry compound annual growth rate (CARG) as high as 13.6%. In 2011, the total output value of China's medical device industry exceeded 114 billion yuan (US$18.6 billion), with a market value of 9.8 billion to 9.9 billion U.S. dollars, and the export volume of medical devices accounted for more than half of the total value of the medical device industry, indicating that China The medical device industry is basically an export-oriented industry.

In particular, the report mentioned that in the past few years, the Chinese government has significantly increased its spending on medical and health services. In particular, over the past five years, China’s cumulative medical and health expenses have reached US$124 billion, which is much higher than the medical and health undertakings 10 years ago. Funding. The new medical reform in China encourages township hospitals and clinics to purchase more medical equipment and equipment products, and invests a large amount of funds for the replacement of medical equipment at the primary medical and health institutions. This is undoubtedly a powerful contributing factor to the medical device industry.

Foreign analysts also pointed out in the report that the characteristics of China's medical device industry are that the productivity of popular products is too large, and the research and development of high-end medical equipment and precision medical devices still lag behind those of developed countries. At present, China's medical device industry already possesses a variety of medical device production capabilities, such as Chinese-made X-ray machines, B-ultrasonics, general CT imaging diagnostic equipment, and disposable medical devices, both in Asian and international markets. It has a large share, but the high-end imaging diagnostic equipment market is still monopolized by foreign companies.

The survey found that medical device manufacturers in Western countries generally believe that the registration procedures for medical devices in China are too cumbersome and there is a certain gap between product quality standards and developed countries. These factors have had a certain impact on the export of medical device products from China to Europe, the United States, and other western countries and regions. However, the lower labor cost in China is still a clear advantage.

India: High market growth rate, low industrial level

According to statistics, the total output value of India's medical device industry in 2011 was 469.8 billion rupees (equivalent to 3.94 billion US dollars), which was significantly lower than that of China. During the same period, India’s medical device market was worth US$3.2 billion, which is also lower than China’s. The report believes that although India is still a typical developing country on the whole, India’s medical device industry has achieved a remarkable annual growth rate of 15.6% in the past five years. The country’s medical device market has achieved an average annual growth rate. 17% - This is a high growth rate in Asia and even in the world.

India’s medical device industry started earlier. As early as the British colonial period, India established a certain scale of medical device industry, such as general surgical instruments processing factories. However, it has been nearly 60 years since India’s medical device industry really achieved significant growth. At present, the level of development of India's medical device industry has lagged far behind China. In the field of precision medical device manufacturing, China and India have further widened the gap. In the production of B-ultrasound instruments, X-ray machines, CT machines and implantable medical device products, India cannot compare with China.

Western analysts believe that the overall characteristics of India's medical device industry are "small and scattered." The vast majority of medical device companies in India are small businesses with dozens to dozens of employees, and there are few large medical device manufacturers with hundreds of employees. This small-scale production model determines the Indian medical device industry behind China's reality.

India's medical device industry is still a closed industry. With the exception of a small number of products imported from overseas, the Indian medical device industry can basically be self-sufficient. Indian medical device import products mainly include ophthalmic surgical instruments, orthopedic instruments, cardiovascular equipment, electronic imaging diagnostic equipment, and in vivo diagnostic instruments. The annual import volume of medical devices is between 215 million and 230 million US dollars. In recent years, India’s imports of these products from China have increased year by year.

According to Western analysts, besides the industrial structure, the main factors hindering the development of the Indian medical device industry are India's registration procedures for foreign-funded enterprises are very tedious, and the government offices are procrastinating and corrupt, leading to a long time for foreign companies to approve the products. It takes a few years for a product to be submitted for approval, which makes the company very headache. As a result, there are fewer foreign medical device companies that set up wholly-owned companies in India.

In addition, 80% of Indian residents live in rural areas and are relatively poor. In some areas, the daily cost of living per person is less than US$1. According to foreign media reports, in 2011 India’s per capita medical equipment expenditure was US$2.97, while China’s was approximately US$7.9, which was more than twice that of India. Many Southeast Asian countries’ expenditures on per capita medical equipment are also much higher than India’s.

Brazil: Industrial base thin government investment high

The total population of Brazil has exceeded 190 million, making it the largest population country in South America. In the past 10 years, Brazil’s national economy has developed rapidly. However, its medical device industry has a weak foundation and it is highly dependent on the import of medical device products. Although Brazil’s population is only 1/6 of India’s, Brazil’s imports of medical devices and imports exceed India’s. In 2011, Brazil’s imports of medical devices were approximately US$3 billion, indicating that the Brazilian government’s investment in the national health expenditure is excellent. In India.

In recent years, the compound annual growth rate of the total output value of the medical device industry in Brazil is only 6.1%, which is far lower than China and India. In 2011, the total value of Brazil's medical device industry was only 2.87 billion riyals (equivalent to US$1.4 billion), and its total domestic medical device market sales reached US$4.5 billion, which means that imported medical device products accounted for its domestic medical device market. /3 share. Brazil also exports some medical device products to South American countries. In 2011, its medical device exports exceeded US$500 million.

Brazil implements a universal free medical policy. Even rural hospitals have good medical equipment and medical equipment. According to Western media reports, in Brazil, per capita medical equipment expenditures in 2011 were approximately US$21, which was more than twice that of China and ranked in the middle of the world.

The Brazilian government promotes the registration and certification system for medical device products in Europe and the United States, that is, all imported products that meet the FDA drug regulatory file (DMF) standards or the European Pharmacopoeia (COS) certification standards can successfully Listed in Brazil; otherwise, companies exporting medical device products to Brazil require very complicated procedures.

Western economists analyzed in the report that the Brazilian medical device industry is still in its infancy compared with the two oldest medical device manufacturers in Asia, Japan and China. In general, the Brazilian medical device industry is a rapidly developing emerging industry, and Brazil’s medical device market will become a competitive market for major medical device manufacturers.