Global Medical Monitor Market Developments And Prospects

First, the global medical device market developmentWith economic development, population growth, aging society level rise and the growing awareness of people’s health, global medical device market continues to rapidly expand. According to European Commission statistics on medical devices, 2008, total sales in the global medical device market, about 336 billion U.S. dollars, up 11% over 2007, while in 2007 the figure was 300 billion U.S. dollars.

Overall, the global medical device market, demand growth is far higher than GDP growth.?Value of the global medical equipment market has reached hundreds of billions of dollars, the United States remains the largest market share of about 40% of the global market. Due to economic development, social health insurance system is sound, the European Union to become world’s second largest medical device market. In Asia, Japan’s most technologically advanced medical and economically fastest growing countries; China and India, Ze Cheng Zhang potential and most have the space, for this two countries have most people, and its health care system is still developing them, not yet mature; health care system in Southeast Asia still has considerable room for improvement, so the market will continue to grow. Latin America is one of the fastest growing region, Mexico, Brazil, Argentina and Chile and other countries are gradually developing towards the industrialized countries, forecast the future demand for medical devices will maintain certain speed growth.?Global high concentration of medical device industry, currently the top 25 medical device companies together account for sales of medical devices worldwide total sales of 60% spread around the world, tens of thousands of home medical equipment company’s sales total only 40% of the share.

Second, the global market of medical monitors?Medical equipment development and national and regional level of economic development, health policy and local residents are closely related to income levels, these factors led to the development of global medical monitor market inequality. According to market characteristics and demand for products of different medical monitor the market can be divided into mature markets, developing markets and primary market.

Third, the global medical monitor market competition analysis?Currently, the global medical products, high-end monitor technology is mainly vested in the United States, Japan, Germany, the Netherlands and a few hands of Western developed countries, while China, India, Brazil, represented by most developing countries still conventional medical monitoring technology for the development focus. From the brand perspective, the current global focus on brand health monitor mainly Philips (PHILIPS), U.S. General (GE) and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Mindray), their respective market shares of 38%, 26 %, 10% (source: Economic Observation Network), an oligopoly market structure.?With the increased awareness of global public health, medical services of high quality medical equipment requirements, many governments have been used for medical equipment in the country to develop the relevant laws and regulations to protect public safety. Such as medical devices to enter the U.S. market to go through FDA registration, and the EU will need to CE. The threshold for these invisible market competition to monitor some impact. First, developing countries enterprises If you want to enter the international market, the first product to break through the barriers to entry, to obtain the appropriate certification and registration.?As developing countries continue to increase R & D strength, product performance and brand differentials narrowing, the future of global medical monitor, the market will appear multipolar market competition.?Fourth, the global medical monitor market development prospects?Since 1962, United States for the first Coronary Care Unit (CCU), the health care system will be gradually expanded, with the computer and signal processing technology continues to evolve, and clinical risk of the critically ill patients and potential patients of the care requirements of rising medical monitors are beginning to enter the market surge in demand stage.After half a century of development, and medical monitors the medical equipment industry has become an important branch of historical data, the global monitor market size from 2.81 billion U.S. dollars in 2000 increased to 4.81 billion U.S. dollars in 2009.

From 2001 to 2009, the global GDP growth rate of 2.28% composite, while the monitor market demand and size of compound growth rate of 6.15%. Currently, the global economy is in a steady recovery phase, according to IMF (International Monetary Fund) president in May 2010 forecast, 2010, 2011, global GDP growth rate of around about 4.25%, and the future will be to maintain stable growth. Through the years 2000 -2009 monitor market demand and global GDP data analysis can be drawn, monitor market demand and GDP correlation as high as 96%, it can be expected to monitor market by 2015 global demand growth will not be combined with low at 6.15%

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