Market Calculation | China Patient Monitor Market Calculation Report
01.
Product Classification
According to the “2017 Medical device Classification Catalogue” of the NMPA, the patient monitor belongs to the seventh category of medical examination and monitoring devices, and the management category is Ⅲ.
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2017 Medical Device Classification Directory |
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| Broad Heading | Class I Category | Class II Category |
| Instruments for medical examination and monitoring | Monitoring equipment | Patient monitoring equipment |
On the track, the monitor belongs to medical equipment – treatment equipment – life information and support equipment – monitoring equipment.
02
Development Driver
1.Policy factor
National policies and regulations strongly support the development of high-end medical equipment such as monitors. In May 2021, the Ministry of Finance and the Ministry of Industry and Information Technology of the People’s Republic of China explicitly required that the proportion of domestic products purchased for various types of medical diagnosis and monitoring equipment should not be less than 50%.
Table 1 Monitor related policies and regulations in recent years
Material Source：The National Health Commission，Official website of the Ministry of Industry and Information Technology
| Time | Policies | Main Content |
| In December 2021 | Health Commission’s “14th Five Year Plan for the Development of Medical Equipment Industry” | Seven key areas have been proposed, including diagnostic and testing equipment, treatment equipment, monitoring and life support equipment, traditional Chinese medicine diagnosis and treatment equipment, maternal and child health equipment, health rehabilitation equipment, and active implant intervention equipment, which basically covers the full range of human life cycle medical and health service equipment needs from prevention, diagnosis, treatment to health, care, and maintenance. |
| In May 2021 | Ministry of Finance and Ministry of Industry and Information Technology “Guidance Standards for Government Procurement of Imported Products” (2021 Edition) | All 137 types of medical devices are required to be purchased 100% domestically, and the proportion of domestic procurement for various types of medical diagnosis and monitoring devices is required to be no less than 50% |
- 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, 2021, 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. The plan proposes that by 2025, at least 1,000 county hospitals in China will reach the level of medical services of tertiary hospitals, play the role of county medical centers, and lay the foundation for “solving common diseases in cities and counties”, which will fully make up for the lack of medical resources in China.
On July 13, 2022, the National Health Commission published the “Equipment Allocation Guidelines for Makeshift Hospitals“, specifying that equipment allocation mainly includes: Basic medical devices, some necessary equipment, including vehicle CT, ECG monitor/multi-parameter monitor, central monitoring system, ECG machine, non-invasive ventilator, defibrillation monitor and other 76 kinds of medical equipment, and do a good job in the storage of related medical supplies.
03
Market Scale
- Calculation logic
Determining the list of enterprises: The market concentration in the field of guardianship instrument is relatively high in China. Major participants are screened through Joinchain MDCLOUD: Mindray Medical, Philips Medical, GE Medical and other enterprises.
Disassembling business revenues：Disintegrate the revenue of listed enterprises through public data. Take Mindray Medical as an example. Through disintegrating the revenue, we can obtain the main business income of Mindray Medical in China. By combining the proportion of Joinchain MDCLOUD analysis monitors in all products of Mindray Medical, the revenue of Mindray Medical monitors in China was calculated.
The integrated calculation results are as follows: After disintegrating the revenue of all enterprises, MDCLOUD bidding data was used to analyze the market concentration and the proportion of each enterprise in this field, and the market size of the monitor was obtained by synthesizing the above results.
2.Data Basis
（1）The data range is the open bid-winning data of various medical institutions, scientific research institutions, testing institutions, universities and other institutions from 2019 to 2021; The data includes bid-winning time, bid-winning quantity, bid-winning price, bid-winning brand, bid-winning model, bid-winning unit, etc.
(2) Report of listed enterprises
Mainly for the field of major enterprises listed quarterly report, annual report, prospectus and other information.
3. Market size forecast
By calculating the market size of patient monitors from 2019 to 2021, we assume that it will continue to maintain stable growth in the next four years, and forecast that the market size of patient monitors in China will reach 10.924 billion yuan in 2025.
Figure1. Market size of patient monitors in China from 2019 to 2025E
04
Market Pattern
According to calculation, CR4 in the field of guardianship instrument in 2021 was 82.32%, among which Mindray Medical ranked the first with 62.55%, the second and third were imported brands, and Edan ranksed the fourth.
Figure 2 Market share of patient monitors in China in 2021
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Source： Joinchain Medical Devic
Translated & edited by Bradyknows
