Orthopedic medical devices are an important sub-sector of the medical device industry , and their industrial products are mainly used to treat human orthopedic related diseases. Orthopaedics treats diseases and traumas of various musculoskeletal systems in the human body. The musculoskeletal system provides shape, stability, and mobility to the body, consisting primarily of connective tissue such as bones, muscles, joints, cartilage, and tendons and ligaments.
The participation of orthopedic medical devices in market competition depends to a large extent on the technological development level of their products. From the perspective of the entire medical device industry, compared with developed countries, China's technology level is relatively low, which is an important factor affecting the development of China's medical device industry. The data show that the overall level of medical device products in China is 15 years behind that of developed countries. The main medical device products have reached the advanced level of the world by less than 5%. The product reliability is poor, performance is backward, and market competitiveness is weak. Even for mid- to low-end medical device products, we cannot compare with developed countries. As far as orthopaedic medical devices are concerned, although China has been able to produce all kinds of products at present, it is still in the middle and low grades in terms of product grade and technical level. The relatively low level of technology has weakened the competitiveness of China's orthopaedic medical device industry. Greatly affect the development of the entire industry.
The production of orthopedic medical device products began in foreign countries. Foreign large medical device manufacturers have strong capital, advanced technology and concentrated talents. They have accumulated decades of experience in the research and development of high-end orthopaedic medical devices and monopolized the core technologies of major high-end orthopedic medical device products. . At present, China's high-end orthopaedic medical device products market is basically monopolized by large international medical device manufacturers. After the high-end orthopedic medical device market is basically saturated, international large-scale medical device manufacturers rely on capital advantages and brand advantages to reduce production costs by acquiring domestic enterprises or by domestic enterprise OEMs. All of these will bring to China's orthopedic medical device manufacturing enterprises. Strong competitive pressures. The higher gross profit margin of orthopedic medical device products and the huge market growth space will attract more domestic and foreign manufacturers to enter the industry. The existing competitive landscape may be broken, and the market competition will be more intense in the future. It may tend to decline, and the market share may be further divided, posing a great threat to existing manufacturers in the industry. In order to maintain the leading position of the industry, existing manufacturers in the industry must increase their R&D investment, enhance their independent innovation capabilities, and continuously introduce new products and improve product lines to ensure their dominant position in the market competition.
The following is a more intuitive understanding of the orthopaedic medical device industry through multiple maps.
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