Market Calculation | China Infusion Pump Market Calculation Report (2023)
Joinchain takes advantage of medical device big data to build a market database. By combining open data with exclusive data, Joinchain calculates the market size of segmented products in multiple dimensions, objectively describes the market competition pattern, and predicts the future market trend.
The report is updated on an annual basis.
01
Brief introduction to product
- Product Classification
According to the NMPA 2017 Medical device Classification Catalogue, infusion pump belongs to the 14th category of infusion, nursing and protective equipment, management category is Ⅱ.
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2017 Medical Device Classification Catalogue |
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Broad heading |
Class I | Class II |
| infusion, nursing and protective equipment | Intravascular infusion apparatus |
Infusion pump |
On the track, infusion pump belongs to medical consumables – low value consumables -C14 basic health materials – intravascular infusion instruments -2.
02
Driving factors of development
1. Policy factors
Since the 14th Five-Year Plan, the National Health Commission has repeatedly issued relevant policies and regulations, vigorously supporting the development of transfusion pumps and other medical equipment, and strengthening the safety management of transfusion pumps and other medical devices.
Table 1 Policies and regulations related to infusion pumps in recent years
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Time |
Policies |
Main Contents |
| In December 2021 | Medical Equipment Industry Development Plan for the 14th Five-Year Plan issued by the National Health Commission | Seven key areas are proposed, including: diagnostic test equipment, treatment equipment, monitoring and life support equipment, Chinese medical treatment equipment, maternal and child health equipment, health care and rehabilitation equipment, sentient implant devices, basically covering the whole population from prevention, diagnosis, treatment to health, care and maintenance, a full range of life cycle medical and health services equipment requirements. |
| In December 2020 | The National Health Commission’s “Safety Management of Medical Infusion Pumps and Injection Pumps” | The standard specifies the management requirements of medical infusion pumps and injection pumps (hereinafter referred to as infusion equipment) used in medical institutions before and during clinical use, such as safety and performance testing. Applicable to the clinical use of medical infusion pump and injection pump safety management. |
Data source：The official website of National Health Commission
- Social and economic factors
With the development of the epidemic in the past two years, the disadvantages of insufficient medical resources in China are gradually revealed, and the contradiction with the growing health awareness and medical needs of the Chinese people is gradually increasing. On November 3, 21st, the National Health Commission issued the “Thousand Counties Project” Comprehensive Capacity Improvement Plan for County Hospitals (2021-2025), clearly promoting the sinking of provincial and municipal quality medical resources to the county level, and gradually realizing the integration and sharing of medical resources within the county level.
On July 13, 2022, the National Health Commission published the Equipment Allocation Guidelines for Makeshift Hospitals, specifying that the equipment allocation mainly includes 76 kinds of medical equipment such as infusion pumps, and that relevant medical consumables should be reserved to further expand their market scale.
03
Market Scale
- Calculation logic
List of enterprises determined: The market concentration in the field of infusion pumps is relatively high in China. Major participants screened through Joinchain MDCLOUD include Mindray Medical, Medcaptain, Comen and other enterprises.
Calculating enterprise revenue: calculate and enlarge the bid-winning data to obtain the market revenue and market share of each enterprise in infusion pumps.
- Data basis
Bidding data
Scope of bidding data , all kinds of medical institutions, scientific research institutions, testing institutions, universities and other institutions of the public bidding data; The data includes bid-winning time, bid-winning quantity, bid-winning price, bid-winning brand, bid-winning model, bid-winning unit, etc. from 2019 to 2021.
- Market size forecasting
By calculating the market size of infusion pumps from 2019 to 2022, we assume that it will continue to maintain stable growth in the next four years, and forecast that the market size of infusion pumps will reach 288 million yuan in 2025.
Figure 1 Market size of infusion pumps in China from 2019 to 2025E
04
Market pattern
According to calculation, CR4 in the field of infusion pumps in China in 2021 is 64.87%, among which Mindray Medical ranked the first with 27.02%, and Medcaptain ranked the second. With the continuous acceleration of localization, the market pattern is expected to usher in new changes.
Figure 2: Market share of infusion pumps in China in 2021
China is encouraging China end uses for more domestic products in latest years. Thus, more and more overseas manufacturers are planning localization in China. BradyKnows localization team has extensive experiences in facility establishment, audit, supplier evaluation, manufacturing, registration, and marketing in China. Pls feel free to let us know any questions on China entry via info@bradyknowsmedical.com
Source：Joinchain
Translated & edited ： Bradyknows
