Director of eLOM Asia Pacific: New Power in China's Portable Medical Electronics Market
The innovation of electronic technology has brought about changes in lifestyle. Some medical devices that were previously confined to medical institutions have become portable and have further entered the home, while domestic medical devices have gradually taken the consumer electronics route. There is no doubt that the market potential of portable medical electronic products is extremely huge, and its price and technical maturity have reached the stage of market leap. The broad development prospects have attracted more and more international semiconductor manufacturers to join the supplier camp, actively planning for future competition, and even some companies have strategically established relevant professional departments to build a leading advantage. Today, the market opportunities in front of China's local medical electronic equipment manufacturers are very close.
Not only that, trends such as intelligence, networking, miniaturization, and higher performance requirements are becoming the new impetus for the next upgrade of portable medical electronics. They are the catalyst for the rapid growth of portable medical electronics. At the same time, the end products Low brand concentration and high prices of foreign branded products have also become emerging market opportunities for Chinese local OEMs.
Multi-factor fermentation market demand
Compared with the European and American markets, China's personal medical electronics market clearly shows that the growth rate of China's medical device market demand is higher than the global average growth rate. Data from various research institutes show that the revenue of China's medical electronics industry reached US $ 5-8 billion in 2011, a year-on-year increase of more than 20%, and is expected to reach US $ 7-11 billion in 2012, a further increase of more than 20%. In summary, the rapid growth of China's portable medical electronics market can be divided into four aspects.
Omar Pingalli, Director, Asia Pacific, eLOM
First of all, China has a huge population base. At the same time, the aging population is increasing rapidly year by year. People ’s health awareness is also continuously strengthened. The medical equipment industry will be driven by consumption upgrades, national policies, medical informatization and technological revolutions. Its market demand Will continue to grow. Not only that, the penetration rate of Chinese personal or family medical equipment is far lower than that of European and American countries, and the room for growth is even greater. For example, China has a high proportion of diabetic patients (1/10 of the total population), but among these diabetic patients, the penetration rate of blood glucose meters in cities is less than 10%, and less than 3% in suburbs. Compared with developed countries, this market has great potential.
Secondly, with the improvement of China's local medical equipment manufacturing R & D capabilities, local medical equipment manufacturers are gradually expanding their market share from global industry giants, especially in the medical market of developing countries. Chinese companies are everywhere. And the products of these companies are no longer limited to low-end products. The participation of more and more industries and new companies will also accelerate the birth of new products and applications, such as the popularization of home / personal electronic medical treatment; the situation that some traditional high-end medical equipment technology is controlled by a few companies is gradually broken, More and more suppliers are involved.
Omar Pingalli, director of the Asia-Pacific region of eLongmeng, believes that from the perspective of electronic product design and manufacturing, China has accumulated many development advantages over the past 20 years, especially through the steady development of the past five years, it has successfully established a highly developed Technology ecosystem. The ecosystem can ensure the rapid delivery of a large number of components, improve the efficiency of prototype design and effectively guarantee the small-scale trial activities of the first batch of production products. With this mature technology ecosystem, China can help emerging medical electronic modules shorten the product design cycle and accelerate the time to market, so it has become an inevitable choice for manufacturers to invest.
Guangzhou Etmy Technology Co., Ltd. , https://www.digitaltalkie.com