(1) Medical device industry

The medical device industry is a multi-disciplinary, knowledge-intensive, and capital-intensive high-tech industry. It integrates various high-tech achievements and combines traditional industries with high-tech such as biomedical engineering, electronic information technology, and modern medical imaging technology. It has the characteristics of high industry barriers, small fluctuations, and increasing concentration. Compared with developed countries, China's medical device industry has a weak foundation, small scale and lagging behind. But at the same time, the contradiction between the backward level of medical equipment in China and the growing medical demand of the society is huge, which has stimulated the rapid growth of the medical device market in China in recent years.

(2) Global medical device industry

From 2004 to 2014, global medical device sales grew from $246.8 billion in 2004 to $501.8 billion in 2014. With the acceleration of global aging, the demand for medical equipment is increasing, and the global medical device market is expanding rapidly. According to statistics, from 2004 to 2014, the global medical device market total sales compound growth rate of 7.33, even in the global economic recession in 2008 and 2009, the global medical device industry is still upstream, respectively, to achieve 6.99 and 7.02 growth rates. With the improvement of the living standards of Chinese residents and the enhancement of people's awareness of medical care, the positive impact of the national medical device industry policy, product demand continues to grow, and the domestic medical device industry as a whole has entered a stage of rapid growth. From 2004 to 2014, the compound growth rate of China's medical device industry revenue reached more than 25%, far higher than the global growth rate of about 7%-8%. In 2014, the sales scale of China's medical device industry exceeded 200 billion yuan, accounting for about 7% of the global medical device sales scale, and there is still much room for improvement in the future. According to data from the National Bureau of Statistics, the sales revenue of the pharmaceutical manufacturing industry in 2014 was 2332.6 billion yuan, and the medical device market accounted for only 9.16 of the total pharmaceutical market. Compared with the global medical devices accounting for 42% of the total pharmaceutical market, there is still huge room for development.

In 2014, the added value of the pharmaceutical industry above designated size increased by 12.50 year-on-year, and the growth rate decreased by 0.2 percentage points from the previous year, which was 4.2 percentage points higher than the overall growth rate of the industry, and ranked in the forefront of all industrial categories. The proportion of the added value of the pharmaceutical industry in the overall industry reached 2.80, an increase of 0.18 percentage points over the previous year, indicating that the contribution of the pharmaceutical industry to industrial economic growth has further increased. Among them, the operating income of medical equipment and equipment manufacturing in 2014 was 213.607 billion yuan, accounting for 8.70 of the main income of the entire pharmaceutical industry, an increase of 17.20 over the same period in 2013. The overall growth of medical equipment is better than that of other industries, which fully reflects the rapid growth trend of China's pharmaceutical equipment industry in recent years, which provides a good opportunity for the further development of the pharmaceutical and medical equipment wholesale industry.