Medical technology, drugs medical devices are the three pillars of the medical service system. Among them, medical devices are internationally recognized high-tech industries, representing the comprehensive strength of a country's high-tech. In order to promote the healthy orderly development of the industry, there are frequent policies to encourage the development of the industry strengthen the supervision of the industry. At the meeting of the Political Bureau of the CPC Central Committee on February 21, 2020, it was proposed to increase the R & D support for reagents, drugs vaccines, promote the development of biomedicine, medical equipment, 5G network industrial Internet. Therefore, in the context of national promotion of "new infrastructure" development, the medical device industry ushered in good development opportunities. At the same time, the downstream market of medical device industry is broad, which provides favorable conditions for the rapid development in the future.

1. Medical device industry is an important part of China's medical service system

Medical technology, drugs medical devices are the three pillars of the medical service system. Among them, medical devices, involving sound, light, electricity, magnetism, image, materials, mechanics other industries nearly 100 professional disciplines, are internationally recognized high-tech industries, with the characteristics of high-tech intensive, wide interdisciplinary, technology integration integration, represent the comprehensive strength of a country's high-tech.

2、 Policy driven development of medical equipment industry

As one of the high-tech industries in China, the medical device industry has frequent policies on encouraging the development of the industry strengthening the supervision of the industry in order to promote the healthy orderly development of the industry. For example, in August 2019, the State Food Drug Administration issued the notice on expanding the pilot work of medical device registrant system to accelerate the innovation development of medical device industry; For another example, in April 2020, the State Food Drug Administration issued the notice on the issuance of guidelines for the implementation of adverse event monitoring by medical device registrants to strengthen the guidance supervision of medical device registrants recorders.

At the same time, at the meeting of the Political Bureau of the CPC Central Committee held on February 21, 2020, it was proposed to increase the R & D support of reagents, drugs vaccines, promote the rapid development of biomedicine, medical equipment, 5g network, industrial Internet, etc. Therefore, in the context of national promotion of "new infrastructure" development, the medical device industry ushered in good development opportunities.

3. Downstream demand of medical device industry keeps growing

With the further improvement of people's quality of life, the general enhancement of health care awareness, the subsequent large investment in health care costs, China's health care market is expanding. Data shows that in 2019, the number of medical health institutions in China reached one hundred one point four 10000, up 2018 One point seven The number of medical health institutions in China reached 10000 eighty-five point two Billion people, an increase over 2018 two point one two Billion people. Therefore, the broad downstream market demand will be very conducive to the development of China's medical device industry.