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China's medical device industry as a whole maintains a rapid growth demand-driven, global medical device industry continues to grow compared with the overall drug market, the global medical device industry is clearly in different stages of development: the industry is smaller, faster growth, low concentration.
 Medical Devices: New Opportunities for China
In terms of scale and growth, the global device market is only about half the size of the pharmaceutical market, and the overall growth rate of the industry is twice that of the pharmaceutical industry.
In 2016, the global medical device market was about 400 billion, accounting for one third of the global pharmaceutical commodity market.
In terms of industry growth, the composite growth rate of the instrument industry was 2.28% in 2011-2017, and that of the pharmaceutical industry was 1.00%.
It can be seen that in recent years, the growth rate of the device market is higher than that of the drug market, and this trend is expected to continue, and the overall growth of the industry is expected to maintain about 3%.
From a subregional perspective, the medical device industry in developed countries and regions such as Europe, America, Japan and so on has developed early as a whole, with relatively high technical level and quality requirements for medical device products, a large market scale, and a relatively stable growth with product upgrading and replacement as the main demand.
The emerging market represented by China is the most potential medical device market in the world. The demand for market popularization and upgrading coexist, and the overall market growth is fast.
In 2016, the overall size of China's medical device market is about 370 billion yuan, accounting for about 20% of the overall pharmaceutical market. Compared with the international market, it is clear that there is still a huge room for growth in China's medical device market.