Medical instruments and equipment with the 17.5 medical and health institutions, there are about 15% before and after the nineteen seventies products, there are 60% before 80 time metaphase products. This also indicates that they need to be updated, and in this process, will ensure that the next 10 years or even a longer period of time, the rapid growth of Chinese medical equipment market.
From the analysis of behavior, new medical reform is the reform of medical insurance of a serious illness and public hospitals, public hospital reform make the demand for medical devices is bound to increase at the same time, behind the rapid growth of aging population, pension industry is as high as trillion yuan market space, and the aging society's needs is not a new car or other consumer goods, but quality health care, medical equipment is bound to further expand the consumer market.
The new medical reform in the final analysis is to solve the people see a doctor difficult and expensive to see a doctor, therefore, in addition to strengthen and expand the coverage of medical security of urban and rural areas, increase the serious illness medical insurance reimbursement, further to the urban and rural areas to promote the concept of management and front-line hospital and high-end medical equipment be imperative. The new medical reform has made clear, the state will increase the public health system, city community, rural grassroots health construction. The next few years, medical institutions at the grassroots township two or three lines of the county, will be the priority among priorities China medical device market, including the central and western regions and economically backward areas is the focus of future development.
The past few years experience, whether it is real estate, or the automotive industry, because industry sensitive sense of smell, always ahead of the layout of foreign capital. This in addition to Medtronic's acquisition of two Chinese medical device company, GE, Karl, Storz, Covidien foreign medical device companies, will also plan through acquisitions, sales channels and into the Chinese market, and actively promote R & D in China's regional or additional related projects, in order to improve the strength in China, in does not rigidly adhere to the high-end equipment the field at the same time, also expanded to explore Chinese grassroots medical equipment market, even in the low-end products for the market to determine the target. From the perspective of foreign investment, also confirms the medical appliance foreground but period.