As is well known, the medical device packaging market is closely related to the market size of medical devices. In recent years, with the continuous growth of the middle class population group, the rapid development of the medical device market has been promoted, coupled with the strong support and investment of the country in the medical device industry during the 13th Five Year Plan period. Moreover, with the support and attention of the government, the medical device industry will still achieve significant development. Although the medical device market has been in a relatively weak position in China's development for a long time, and 80% of the high-end medical device market is monopolized by multinational corporations, this situation has been continuously improving with the development of society. This is undoubtedly a huge turning point for the development of the medical device packaging industry! In recent years, based on a series of national policies encouraging enterprises to independently research and develop innovative advanced medical device equipment, China's medical device industry has made significant progress in terms of service level, technical level, and finished product quality. Medical devices have the highest requirements for packaging, which is a great stimulus for the development of the medical device packaging industry in terms of quantity and quality!

According to the data compiled in the "Market Demand Forecast and Investment Analysis Report of China's Medical Device Industry", in the past five years, the average growth rate of China's medical device industry has been around 15%, which is higher than the average growth level of the national economy during the same period. As of the end of 2016, the size of China's medical device market has reached 580 billion yuan, and it is expected that the market size will exceed 800 billion yuan by 2020.

According to data, as of November 2016, there were 15343 medical device manufacturing enterprises in China; There are a total of 335725 medical device operating enterprises in the second and third categories nationwide. As of April 2017, there were 45 listed medical device manufacturers. The development space of the medical device industry is so huge, which also leaves a broader space for the development of the medical device packaging industry.

The medical device industry is developing rapidly

In recent years, led by new technologies, the global and domestic medical device industry has undergone rapid changes:

1. The accelerated evolution of innovation breakthroughs has been particularly prominent in the field of medical devices in the past two years, with breakthroughs in personalization, automation, and intelligence being particularly prominent. In the field of medical devices in the past two years, personalization, automation, and intelligence have been particularly prominent

The trend of cross-border capital is significant, and financial integration has provided sufficient impetus for the development of the medical device industry. Especially in the past 3-5 years, financial capital has given great attention to the medical device field, and the convergence of a large amount of funds has provided a continuous source of vitality for the development of the industry

Accelerate the transformation of medical device innovation services. The application of artificial intelligence in the future will have significant potential in the field of medical device services

The growing medical device market has also injected new vitality into the immature medical device packaging industry, laying a solid foundation for the reform and development of the packaging market!

Targeting the development of high-end medical devices

The "localization of high-end medical devices" has been the main theme of policies and industries in recent years, and the country has continuously introduced new relevant regulations, guiding principles, and industry standards to promote the development of medical devices by continuously adjusting and improving the regulatory content and methods of medical devices.

The future development of the medical device industry will present five trends:

China will become a global center for medical device manufacturing

2. The market will maintain a high growth rate of over 20%

3. The process of "Import substitution industrialization" of domestic equipment was accelerated, and the industry concentration was improved

4 industries gradually moving towards standardization

5 The Big data platform and intelligent devices will promote the rapid development of the device service industry and create new growth points

Both the medical device market and the medical device packaging market will usher in the best development era, and it is also the most challenging era, with opportunities and risks coexisting!