In 2016, China's pharmaceutical industry continued to move and policies continued. Under the promotion of medical policy reform, the development of China's pharmaceutical industry is also entering the fast lane of regulation. Medical equipment is an important part of the pharmaceutical industry, along with the medical device market. With the rapid expansion of demand, all the big coffees in the industry are concentrated, and the medical device and the pharmaceutical industry have ushered in a golden age of development.
There are many types of medical devices, and no matter which kind of instrument, in many statistical reports, the development trend is gradually getting better. FutureMarketInsights recently released a report that the global 3D printing medical device market is expected to reach $279.6 million, and the compound annual growth rate (CAGR) will reach 17.5% in the next 10 years. In the growing 3D printing medical device market, some industry giants have emerged. Including 3DSystems, Stratasys, ArcamAB, FabRx, EOS, EnvisionTEC, etc. They are working alone or in concert to break existing barriers in the 3D printed medical device market, such as material constraints, structural size constraints and cost constraints. As medical devices become more demanding, such as customer customization, quality and affordability, 3D printing will continue to be a viable option for medical device manufacturing.
In addition to popular 3D printing equipment, the global POCT (instant inspection) medical equipment market is also growing rapidly. POCT is a kind of in vitro medical diagnosis medical material. Its instrument characteristics are small size, easy to operate and short in time. It can be taken on the spot, immediately detected, and quickly obtained test results. The most well-known related products are Blood glucose meter, pregnancy test stick, etc., are common detection instruments at home. According to the use situation, POCT instruments are not restricted to medical institutions, and operators are not limited to medical professionals, so they are widely accepted by the market. According to a study released by Jibang Consulting on February 7, the global population is aging and the number of chronically ill patients is increasing year by year. The demand for long-term monitoring of chronic diseases has increased, driving the global POCT (instant inspection) medical equipment market to grow rapidly, which is more prominent than other types of medical materials. . In 2016, the global POCT market was US$17.8 billion. It is estimated that the scale will increase to US$25.6 billion in 2020, and the compound growth rate will reach 9.7% between 2015 and 2020.
Throughout the global world, the development prospects of the medical device industry are improving. Under this background, many industry big coffees have merged into it. Recently, China Yongsheng Medical, which was listed on the Hong Kong Stock Exchange, invested US$3 million in InovyTec, an Israeli medical device company. InovyTec is committed to the development of portable, non-traumatic medical devices that can be used for out-of-hospital emergency care. Inovytec and Yongsheng Medical will enter into manufacturing and supply agreements that will promote, develop and market a range of medical devices for respiratory and cardiac emergencies in the future. For example, neck guards, defibrillators and portable ventilators, and Yongsheng Medical will be the manufacturer of the above products. In the meantime, Inovytec and Yongsheng Medical will also enter into a distribution agreement, pursuant to which Inovytec will grant the Group exclusive rights to distribute such products in the relevant regions during the exclusive period specified in the Distribution Agreement. InovyTec said that the transaction will help it enter the Chinese market. With the experience and influence of Yongsheng Medical in the Chinese market, InovyTec can “dig the huge potential of China's medical equipment fieldâ€.
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