In recent years, in order to focus on the actual development of the medical device industry and the needs of the public, China is constantly promoting the improvement of the legal and regulatory system of medical devices to promote the healthy and orderly development of the medical device industry.

Affected by this, the domestic medical device industry has begun to usher in a broader development space. According to data, from 2014 to 2020, China's medical device market has achieved a growth of 500 billion yuan. From the perspective of growth rate, the annual growth rate of China's medical device market size is about 20% on average, which is about 5% higher than that of the global market.

At the same time, in addition to the continuous expansion of the market, a large number of innovative domestic medical devices have also begun to emerge, and many medical behaviors have changed due to the emergence of new technologies and new products. In addition, the performance of a large number of medical device enterprises also ushered in positive results.

It is worth noting that, under the background of a good development situation of the medical device industry, a series of favorable plans and documents are still being issued to further promote the high-quality development of the medical device industry. Recently, Guangdong Province issued the Implementation Plan of Guangdong Province for Promoting the High Quality Development of the Medical Device Industry.

The Plan clearly mentions that it will strive to achieve a compound annual growth rate of more than 20% of the operating revenue of the medical device manufacturing industry by 2025, and the annual operating revenue of the medical device manufacturing industry above designated size will reach 250 billion yuan; 50 national innovative medical device registration certificates have been approved; We have cultivated 35 listed enterprises in the capital market, 2-3 demonstration enterprises with a market value of more than 100 billion yuan, 3-5 enterprises with an annual operating income of more than 10 billion yuan, and 5-8 enterprises with an annual operating income of more than 5 billion yuan.

Prior to this, Zhejiang Provincial Food and Drug Administration and the Provincial Department of Economy and Information Technology also jointly issued the Notice on Comprehensively Improving the Regulatory Capacity of Medical Devices to Promote the High Quality Development of the Industry (hereinafter referred to as the Notice) to promote the high-quality development of the medical device industry. In the Notice, the development goal of the medical device industry in Zhejiang Province is to emerge a group of leading enterprises with strong independent innovation ability by 2025, form multiple medical device parks with obvious industrial agglomeration advantages, and basically form a full chain innovation system that combines industry, education, research and application, connects upstream, middle and downstream, and cooperates with large, medium and small enterprises. The output value of the medical device manufacturing industry in the province reached 100 billion yuan.

According to the analysis, from the overall perspective of the medical device industry development plan issued by various regions, the medical device industry will be the key industry for long-term development in various regions for a long time to come. However, it should be noted that under the rapid development of the medical device industry, the medical device industry also faces many challenges that need to be resolved. Therefore, the domestic medical device industry also urgently needs to master more high-end medical device independent intellectual property rights and technological innovation. At the same time, domestic enterprises also need to focus deeply on the frontier, find new technologies from the source of life sciences, and let technological innovation achievements continue to promote the healthy development of the industry.

At present, it is widely believed in the industry that enterprises with independent research and development, innovation and development capabilities, and the ability to constantly break through new technologies and meet new needs are expected to stand out and win more development space while completing localization substitution and stepping onto the international stage.