The development status and competitive landscape of the global medical device market in 2021

The development status and competitive landscape of the global medical device market in 2021

The development status and competitive landscape of the global medical device market in 2021

device market in 2021: high concentration of enterprises

Introduction:
The medical device industry is a knowledge-intensive and capital-intensive industry that intersects high-tech fields such as bioengineering, electronic information, and medical imaging. As a strategic emerging industry related to human life and health, under the huge and stable market demand, the global medical device industry has maintained a good growth momentum for a long time. In 2020, the global medical device scale will exceed 500 billion US dollars.
From the perspective of global medical device distribution and the layout of industry giants, the concentration of enterprises is relatively high. Among them, Medtronic topped the list with a revenue of 30.891 billion U.S. dollars, maintaining the global medical device hegemony for four consecutive years.

The global medical device market continues to maintain steady growth
In 2019, the global medical device market continued to maintain steady growth. According to estimates by Eshare Medical Devices Exchange, the global medical device market in 2019 was US$452.9 billion, a year-on-year increase of 5.87%.
In 2020, the global outbreak of the new crown epidemic has greatly increased the demand for portable color Doppler ultrasound and mobile DR (mobile digital X-ray machine) for monitors, ventilators, infusion pumps and medical imaging services. , Nucleic acid test kits, ECMO and other medical equipment orders have surged, sales prices have risen significantly, and some medical equipment continue to be out of stock. It is estimated that the global medical equipment market will exceed 500 billion U.S. dollars in 2020.

IVD market scale continues to lead
In 2019, the IVD market continued to lead, with a market size of approximately 58.8 billion U.S. dollars, while the cardiovascular market ranked second with a market size of 52.4 billion U.S. dollars, followed by imaging, orthopedics, and ophthalmology markets, ranking third, Fourth, fifth.

The global medical device market is highly concentrated
According to the latest “Top 100 Medical Device Companies in 2019″ released by the authoritative foreign third-party website QMED, the total revenue of the top ten companies in the global medical device market in 2019 is approximately US$194.428 billion, accounting for 42.93% of the global market. Share. Among them, Medtronic topped the list with a revenue of 30.891 billion U.S. dollars, maintaining its dominant position in the global medical device industry for four consecutive years.

The global market is highly concentrated. The top 20 international medical device giants, led by Johnson & Johnson, Siemens, Abbott and Medtronic, account for nearly 45% of the global market share with their strong R&D capabilities and sales network. In contrast, my country’s medical devices Market concentration is low. Among the 16,000 medical device manufacturers in China, the number of listed companies is about 200, of which about 160 are listed on the New Third Board, and about 50 are listed on the Shanghai Stock Exchange + Shenzhen Stock Exchange + Hong Kong Stock Exchange.


Post time: Jul-16-2021