In the 100 billion medical device market, many companies have entered the market

[Pharmaceutical Network Market Analysis] In recent years, China's medical device industry is maintaining steady growth
.

According to data, from 2014 to 2020, China's medical device market has achieved a growth of 500 billion yuan
.

In terms of growth rate, the average annual growth rate of China's medical device market is maintained at about 20%, exceeding the growth rate of the global market by about 5%
.

With the continuous development of the economic level and the increasing demand for health, China's medical device market will undoubtedly usher in huge development opportunities
.

In this context, the number of companies entering the medical device industry will continue to increase
.

It is understood that a number of companies have entered the market recently, including Douyin and Gome
.

On April 11, Gome Holdings established Gome Health Technology Co.
, Ltd.
, announcing its entry into the third-class medical device sales market
.

The business scope of the enterprise includes: medical service; pharmaceutical wholesale; pharmaceutical retail; first-class medical device sales; second-class medical device sales; third-class medical device operation; life beauty services,
etc.

 　　It is understood that as early as 2020, Gome Electric Appliances Co.
, Ltd.
has announced the addition of the business scope of "first-class medical devices and second-class medical devices"
.

Now, Gome has added "three types of medical device operations" again, perhaps to expand its layout in the field of medical devices.
Its future development is worthy of industry attention.
In addition to Gome's accelerated deployment of the medical device track, before this, Douyin also announced that it will Sell ​​medical devices online
.

On April 7, Douyin e-commerce company issued a new "[Medical Device] Category Management Specification", announcing that it will be divided into the first-level catalogue of "Health Care/Nursing/Physiotherapy Devices"
.

In addition, Douyin has also added sales qualifications for in vitro testing products
.

The above changes will come into effect on April 14
.

 　　In addition to the above companies, in fact, many other technology, e-commerce, retail and other companies have begun to cross-border medical device fields in recent years
.

As of February this year, Qichacha revealed that China Telecom Medical and Health Technology Co.
, Ltd.
, which is indirectly wholly-owned by China Telecom Co.
, Ltd.
, was established.
Its business scope includes: second-class medical device sales; second-class medical device leasing; Intelligent robot sales; intelligent robot research and development,
etc.

As early as April 2019, China Mobile led the establishment of Lianren Health and Medical Big Data Technology Co.
, Ltd.
with a total investment of 2 billion, and China Mobile held 49.
5% of the shares
.

 　　For a large number of companies entering medical devices across fields, the industry believes that these companies are undoubtedly interested in the considerable market prospects of the domestic medical device market
.

It is worth noting that with the increasing number of entrants, this may have a huge impact on the industry
.

 　　However, in general, with the huge traffic advantage of medical e-commerce and the changes in user consumption habits in recent years, it may become a breakthrough for machinery companies to double their performance, and how should relevant companies seize this wave of turbulent dividends and obtain Greater market share requires more thinking
.

 　　Disclaimer: Under no circumstances does the information or opinions expressed in this article constitute investment advice to anyone
.