Business News Agency, January 19th The increase in demand in emerging markets, the need to reduce hospital stays, and the arrival of an aging society are seen as important factors for the overall performance of the medical device industry in 2011 to be stronger than in 2010.

According to the recently released Global Medical Device Market report released by Kalorama Information, a research publisher of the healthcare market, the global medical device market will reach US$312 billion in 2011.

Bruce Carlson, publisher of Kalorama Information, said: “There are many factors that contribute to the growth of the medical device market, such as the increase in demand in emerging markets, the need to reduce hospitalization time, and the arrival of an aging society, which are potential drivers for the growth of the medical device market. ."

The Kalorama Information report predicts that the medical device market has grown rapidly in categories such as MRI instruments, laparoscopic surgical devices, and medical gloves.

The report also predicts that the global medical device market will grow at a rate of 4% to 6% in the next few years. In 2009, the global medical device market has reached 290 billion U.S. dollars. Due to the global economic recession, the growth rate of the medical device market has begun to slow in the past few years, but as the economy recovers and the demand for healthcare services from middle-income consumers in emerging market countries grows, the medical device market will continue to grow. increase.

Bruce Carlson said: "Some medical devices are becoming daily, and competition is fierce, so the price will be relatively stagnant. Other categories such as patient monitors, oxygen systems and household analyzers, which can reduce hospital stay or at home Devices that can be easily used are expected to achieve faster growth."

Although there are hundreds of companies competing in the global medical device market, the main beneficiaries may be only the top 30 companies.

Kalorama Information's report is based on industry conferences, medical device markets, and major company annual reports.

For the global medical device market in 2011, people in the industry believe that the following features need to be taken care of:

M&A continues

Although the global economy is still in recession, the acquisition and acquisition of the medical device industry in 2011 will continue. Johnson & Johnson, Abbott, Baxter International and Medtronic will become the most potential mergers and acquisitions in the medical device industry. Diagnostic and ophthalmic acquisitions will have potential for vitality.

Uncertain venture capital

According to the surveys of the National Venture Capital Association and Dow Jones News Agency, venture capital investment in 2011 will be abnormally dispersed. When venture investors were asked about the investment in 2011, 35% of the respondents said they would remain the same as last year, 30% said they would decline, and 35% said they would increase slightly.

Small and medium-sized companies will perform better

In 2011, the growth of medium-sized medical device companies will be faster, and the growth of medical device giants such as Medtronic may not be as good as before. Therefore, the industry generally believes that small and medium-sized medical device companies will attract more public funds, and these public funds have stronger purchasing power.

Opportunity is bigger than challenge

Matthew O'Brien, an analyst at investment company William Blair & Co., said that the medical device industry will face many challenges in 2011, but overall performance will be stronger than in 2010. Matthew O'Brien also predicted that the medical device industry's revenue will increase. Due to price pressures, orthopedic implants and other types of medical devices will face tremendous growth pressure. In addition, due to the approval of the authorities, some new products will also enter the market. Therefore, the opportunities for the entire medical device market will outweigh the challenges.