With the implementation of China's new medical reform and the continuous improvement of the level of medical informatization, the market demand for connectors in the medical field is increasing and has become the second largest medical device market in the world. According to the data of the Prospective Industry Research Institute, the size of China's medical device market will exceed 600 billion yuan in 2019, and the compound annual growth rate will be about 14.41% in the next five years (2019-2023). It is expected that the size of China's medical device market will exceed 600 billion yuan in 2023.
With the outbreak and upgrading of novel coronavirus worldwide, various medical supplies are in short supply and demand exceeds supply. Affected by this, the demand for medical orders increased sharply, which led to a continuous increase in the demand for upstream electronic components. As one of the main components of medical electronic products, connectors have also brought an explosion of demand. This field of medical electronics has become a new growth point of connector applications, and has also injected new vitality into the booming connector industry in China.
According to relevant media reports, medical electronic components account for more than half of the European and American markets. Previously, some enterprises have asked for help from the society for urgent inventory of various components of infrared thermometers. The connector also has the problem of over-dependence on overseas suppliers.
Generally, the medical connector market has the following characteristics: first, the entry conditions are high, and must pass ISO13485 certification; Second, there are many products and small batches. Due to the small quantity, low renewal rate and high price, domestic enterprises do not take medical connectors as the main market. Most connectors used for medical devices in China are monopolized by foreign manufacturers. The above related enterprises do not take medical devices as the main products.
The outbreak of the epidemic revealed the shortage of some emergency medical equipment reserves in medical institutions. With the improvement of the epidemic situation, as a major producer of medical materials, China is also expanding the production capacity of epidemic prevention materials to meet the global demand. The problem of medical connector dependence on import will be further highlighted in the case of limited international logistics due to the outbreak of the global epidemic, affecting the normal production of relevant domestic enterprises. Under certain circumstances, the demand has exploded in a large area, or it can create domestic substitution opportunities for local suppliers.
Some insiders believe that under the background of favorable industrial policies and expanded production capacity of medical equipment, the industry should increase its R&D efforts, increase its R&D efforts, and increase its R&D efforts to deal with various emergencies.
