In recent years, with the improvement of people's living standards and the pursuit of a healthy life, the medical device industry has developed rapidly. The demand for high-precision metal parts for medical devices has also increased.

In terms of market size, the size of China's medical device market has grown significantly in recent years. According to the survey data of market research institutions, the scale of China's medical device market has grown by about 10% in recent years, and it is expected to maintain a high-speed growth trend in the next few years.

1. The overall situation of the market

The scale of the global medical device market continues to expand. According to statistics, the global medical device market has exceeded 440 billion US dollars in 2020, and it is expected that the global medical device market will exceed 800 billion US dollars in 2030, with a compound annual growth rate of 6.3% during 2020-2030

China's medical device market is developing rapidly, and the growth rate exceeds the global average growth rate. From 2015 to 2020, the domestic market size increased from 312.6 billion yuan to 778.9 billion yuan, with a compound annual growth rate of 20%. It is estimated that the market size will exceed 2.2 trillion yuan in 2030, and the compound annual growth rate during 2020-2030 is expected to reach 11%, which is nearly double the global market level.

2、Device sales and service segment

In recent years, medical device sales and service has become an important sub-industry in the medical industry. As national policies continue to increase, the market will become more and more standardized, and leading companies in the industry will occupy a larger market share. In the future, device sales and service segment will be very important, if companies want to achieve a larger market share in the future market, they must actively adjust the development strategy and strengthen the construction of services.

As people's attention to health continues to increase, the medical device industry has a very broad development prospect, and all segments of medical care are facing huge development opportunities. In order to lead in the future market, relevant enterprises need to continue to work hard in technology research and development, market expansion, etc. In the future, with the continuous development and launch of new products will continue to drive the growth of the high-end medical device market.

Shenzhen Yujiaxin Tech Co., Ltd. has been working in the medical device precision parts industry for more than 20 years, specializing in metallurgical processes such as metal powder injection molding, powder metallurgy, CNC milling and precision casting. We provide a variety of high-precision, high-quality medical device parts customization services. We have more than 20 advanced molding machines of various types with tonnage from 6T to 200T, and can produce various products including bearings, precision gears and gearboxes, stainless steel products, cams, guide rods, structural parts, etc. according to customers' requirements. We hope to contribute to the development of medical business.