With the rapid development of my country's economy and the growth of residents' medical consumption, the domestic medical device industry has shown rapid growth in recent years. The sales revenue of the domestic medical device industry rose from 228 billion yuan in 2011 to 681.9 billion yuan in 2019, with a compound annual growth rate of 14.68%. It is predicted that the sales revenue of China's medical device industry in 2020 is expected to reach 785.9 billion yuan.
In 2019, my country's listed medical device companies have a large revenue gap, mainly in Guangdong, Beijing, and Jiangsu. Among the Top 20 listed companies, a medical revenue reached 16.556 billion yuan, the highest value of listed companies' revenue, and the lowest value company was a biological company, with revenue reaching 1.778 billion yuan.
From the perspective of the regional distribution of listed companies (Shanghai and Shenzhen stocks), as of the end of July 2020, Guangdong Province has the largest number of listed companies, with 17 companies with a total revenue of 35.6 billion yuan; followed by Shandong, with 7 listed companies with revenue The total is 22.7 billion yuan; there are 5 listed companies in Zhejiang, and the total revenue is 14.2 billion yuan.
From the perspective of concentrated distribution of companies (Shanghai and Shenzhen stocks), domestic medical device companies are mainly concentrated in the Pearl River Delta, the Yangtze River Delta and the Bohai Rim. As of the end of July 2020, there were approximately 18,800 medical device companies nationwide, mainly in the eastern coastal areas. Among them, 3743 are in Guangdong, 2558 in Jiangsu, 1852 in Beijing, 1452 in Shanghai, and 1288 in Zhejiang. Three clusters of Guangdong, Jiangsu and Zhejiang, and Beijing and Tianjin have basically formed.
Under the guidance of national policies and the demand for upgrading and upgrading of domestic medical and health institutions, medical devices will have a huge domestic consumer market. At present, my country's medical device market has exceeded 100 billion yuan, with an average annual growth rate of about 23%. Compared with the 42% share of foreign medical devices in the total size of the pharmaceutical market, domestic medical devices only account for 14% of the total size of the pharmaceutical market, and there is still much room for improvement.