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Market Direction

Orthopedic-related medical devices are an important part of the global $350 billion medical device market. In the past few years, China's orthopedic implant device market has achieved a global growth rate. In the next few years, market expansion, import substitution, and industry integration will be the triple driving force for the expansion of local industry leaders.
         There is still huge room for development in China's orthopedic implant medical device market. Orthopedic-related medical devices are an important part of the global $350 billion medical device market. In the past few years, China's orthopedic implant device market has achieved a compound growth rate of more than 20%, greatly surpassing the global growth of about 5%. However, from the perspective of market penetration, China's orthopedic implant medical device market still has huge room for development. In the future, the orthopedic implant medical device market will continue to maintain a rapid growth rate. Facilitating factors include: population aging, rising ability to pay, wider coverage of orthopedic medical service resources, and lifestyle changes.
         In the next few years, market expansion, import substitution, and industry integration will be the triple driving force for the expansion of local industry leaders. From the perspective of market share evolution, the share of domestic orthopedic implanted medical devices has continued to rise in the past few years. We believe that this trend will continue in the foreseeable future, and domestic orthopedic implantable medical devices may eventually occupy 70%-80% of the domestic market. At present, there are more than 60 companies in the field of orthopedic implant medical devices in China. Coupled with the competition of multinational companies, the industry is in a relatively fragmented stage. Although more competitors may enter this high-growth field in the future, industry integration will be a lasting trend, and relevant leading companies will be able to further expand their share in this market.
         Orthopedic-related medical devices are an important part of the global $350 billion medical device market. Among them, the global market size of orthopedic implant medical devices exceeds 20 billion U.S. dollars. At present, the scale of orthopedic implant medical devices in China is about 7 billion yuan (manufacturer's ex-factory price), which accounts for a relatively low proportion of the global market. In the past few years, China's orthopedic implant medical device market has achieved a compound growth rate of more than 20%, greatly surpassing the global growth of about 5%. However, from the perspective of market penetration, China's orthopedic implant medical device market still has huge room for development.

  2006-2015 China's major orthopedic implant device market continues to grow