With the aggravation of the aging society and the awakening of residents' health consciousness, the demand for orthopedic implanted medical devices in China will continue to grow. In the next decade, China is expected to become the world's largest orthopedic device market, with the market size exceeding 30 billion yuan by 2020.

 

 

 

In the global medical device field, orthopedic devices are a segment that cannot be ignored, accounting for 9% of the medical device market. Although the domestic orthopaedic device industry is in the early stage of development, it has witnessed rapid growth, with a compound growth rate of 15.5% in the past five years, far exceeding the global growth rate of 4.5%.

 

 

 

Orthopedic implant medical devices are clinical orthopedic medical materials used for replacement, support, repair and filling of human bones. From the category can be divided into four categories, namely trauma, joints, spine and other. Among them, trauma, joint and spine accounted for more than 80% of orthopedic devices.

 

 

 

China's orthopaedic medical device industry started in the 1980s. After more than 20 years of development, it has cultivated a number of local enterprises with strong competitiveness, but there is still a big gap compared with international leading enterprises.

 

 

 

In general, the overall penetration rate of domestic orthopaedic device industry is low, and it is concentrated in the middle and low-end market. The company has a small scale and a single production line, and it has problems such as weak research and development ability and insufficient innovation ability. From another point of view, this also shows that China's orthopedic devices have a lot of room for growth and development potential.

 

 

 

Orthopaedic device industry in China is in a period of rapid growth, and is expected to boom in the next five years under the influence of multiple factors. According to the data of the investment strategic planning analysis report of China's orthopaedic implant medical device industry provided by the foresight industry research institute, in 2015, the scale of China's orthopaedic device industry was 17.5 billion yuan, and it is expected to reach 31 billion yuan by 2020, with a compound growth rate of 12% in five years.

 

 

 

Domestic orthopedic device industry can continue to grow in the next five years, mainly driven by the following factors. First of all, the accelerated aging of the population leads to the increase of the prevalence of orthopaedic diseases and the expansion of the orthopaedic implantation medical device market.

 

 

 

Secondly, domestic orthopaedic device product technology upgrade, with the price advantage to grab the market of imported products. At the same time, the coverage of medical insurance tends to be domestic orthopedic devices, which objectively promotes the demand growth of orthopedic devices.

 

 

 

Finally, with the help of national policies, domestic enterprises can become bigger and stronger, and get rid of the market pattern of large, small and weak in the past. The development and growth of domestic orthopaedic device enterprises will help the industry scale to further expand.

 

 

 

To sum up, domestic orthopaedic implanted medical devices have huge growth space and sufficient market potential. With the acceleration of the aging society and the improvement of people's health awareness, more and more orthopedic device market demands are released, thus promoting the prosperity of orthopedic implant medical device industry.