In 2021, the market size of China's medical and aesthetic equipment industry is expected to reach 54.37 billion yuan
According to the latest statistics report of Ai Media Consulting, the market size of China’s medical and aesthetic equipment industry is expected to reach 54.37 billion yuan in 2021. Medical devices refer to medical device products that are used in medical beauty-related applications in addition to drugs. Although China’s beauty industry started late, but the industry development speed, along with the rise of the value economy, China’s medical and aesthetic market scale continued to develop rapidly, and related medical and aesthetic equipment industry developed rapidly.
Data show that the market size of China’s medical and aesthetic device industry has been growing steadily from 2016 to 2019, with the market size of China’s medical and aesthetic device industry at 42.54 billion yuan in 2020, down 1.3% YoY. With the gradual improvement of the domestic epidemic, China’s medical and aesthetic equipment market is expected to exceed 50 billion yuan in 2021.
In 2021, the market size of the medical and aesthetic equipment industry exceeds 50 billion yuan
As the upper reaches of the medical and aesthetic industry, medical and aesthetic equipment enterprises by virtue of high concentration, bargaining power and high-tech barriers, the benefit certainty is guaranteed, after the rapid recovery after the outbreak, the market size is expected to continue to grow in the next few years.
Definition and classification of U.S. devices
According to the 2017 edition of the Medical Device Classification Catalog of the State Drug Administration, medical and aesthetic products include 6 categories of active surgical instruments, passive surgical instruments, orthopaedic surgical instruments, physiotherapy instruments, passive implantation devices, injection and loss care and protective devices.
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The U.S. industry waits for capital to enter
Statistics show that in 2020, China’s medical device industry investment volume of 261, the amount of investment reached a record high of 48.567 billion yuan. Analysts believe that China’s medical and aesthetic industry market potential is huge, its sub-sector, medical and aesthetic equipment localization rate is very low. In the future, with the promotion of domestic capital, the domestic medical and aesthetic equipment field is expected to accelerate development, related areas will be concerned.
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The rise of the value economy, market demand-driven
With the rise of the value economy, China’s medical and aesthetic market scale continued to develop rapidly, of which the non-surgical light medical and aesthetic market performance outstanding, become a new growth point of the medical and Aesthetic market. Relevant analysts believe that changes in the internal structure of the medical and Aesthetic market, but also promote the development direction of the medical and aesthetic equipment industry, including the rise of non-surgical medical and aesthetic projects, such as Jemagi, will promote the development of optoelectronic medical equipment.
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Analysis of the number of medical and aesthetic equipment enterprises in China
From 2010 to June 25, 2021, there were more than 6,500 medical and U.S. device companies in China, including more than 560 manufacturing-related companies. Judging from the number of new medical device manufacturers, the number of new enterprises began to show a slight upward trend after 2015, with an incremental peak of 152 in 2020. Analysts believe that the upper reaches of the medical and Aesthetic industry chain entry barriers are higher, the profit margin is also higher than the lower reaches of the industrial chain, which attracts social resources to the upstream of medical and Aesthetic collection, thereby driving the market supply of medical and Aesthetic devices.
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Analysis of enterprise structure and ownership of different sizes
As of June 25, 2021, the registered capital of China’s medical and aesthetic equipment industry-related enterprises is more than 1 million yuan, accounting for 36%, indicating that there are a large number of small medical and aesthetic equipment enterprises in the industry; From the point of view of enterprise ownership, the proportion of limited liability companies exceeds 80, and the proportion%，个体工商户企业为16%
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China's medical and aesthetic equipment application category
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China's medical and aesthetic equipment industry enterprise map
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Minimally invasive and non-invasive treatment will promote the popularity of optoelectronic medical devices
In the past two years, optoelectronic beauty equipment in the field of life beauty gradually popular, and minimally invasive and non-invasive treatment has been the development trend of domestic medical beauty. In the past few years, Botox, laser or IPL skin, RF skin tightening, filling and other non-surgical treatment volume in the country rapid growth, laser anti-aging, skin tightening, promotion, wrinkle, a variety of non-invasive, minimally invasive phototherapy beauty for ordinary consumers to accept, customer age spectrum is increasingly obvious, medical beauty laser this kind of non-interventional therapy or minimally invasive treatment will usher in a very considerable development prospects.
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China's home beauty equipment track ushered in development opportunities
Since 2015, Yameng, Refa, Panasonic, Tripollar and other international beauty device brands have entered China, China’s beauty instrument market ushered in a period of rapid growth. Tmall data show that in 2020 China’s home beauty equipment market size of 6 to 8 billion yuan, the annual compound growth rate of 30%, is expected to become a new 10 billion-class blue sea market. The technical barriers to home medical equipment are lower than those of medical devices, China already has the ability to manufacture independently, and people’s attention to beauty is gradually increasing the demand for household devices with portable, easy-to-use, high-security advantages.
Source: Medical Device Innovation Network Organizes a report from AI Media Consulting Medical Device Industry
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