Ten Global Challengers for China Medical Equipment

Facing the reshaping of the global corporate competitive landscape, BCG Boston Consulting Group has creatively proposed the concept of “global challenger”, which is used to illustrate that the rapid growth of emerging forces will gradually replace the old forces and become the new competition for global companies. The development trend of China has also become the most important competition between countries and national economies. Today we will take a look at the potential global challengers in the field of domestic medical equipment.

1.Mindray: Global Challenger in Comprehensive Diagnosis and Treatment

Mindray Medical was established in 1991 and is located in Shenzhen. As the most well-known comprehensive medical equipment manufacturer in China, Mindray Medical takes the lead in the market share of the three major areas of life information and support, IVD and ultrasound imaging, and will not fall behind in the comprehensive competition with international competitors, including in anesthesia equipment , Color Doppler ultrasound diagnostic equipment, biochemical analysis, AED, monitors and other medical equipment fields have international competitiveness. In terms of technical patents, as of the end of June 2020, Mindray has applied for 5,714 patents and authorized 2,939. The number of patents is ahead of other domestic manufacturers. It is the first representative brand of Chinese medical equipment manufacturers to enter the global top 50 medical equipment, and it is also the global challenger in field of comprehensive diagnosis and treatment.

2.United Imaging: Global Challenger of High-end Medical Imaging

United Imaging Medical was established in 2012 and is located in Shanghai. As a company established less than ten years ago, its achievements in less than ten years are amazing. As the first domestic medical imaging company to benchmark GPS, United Imaging Medical has applied for nearly 10,000 technical patents in less than ten years, and obtained thousands of patents. It is a global challenger in the field of medical imaging.

3.Lepu Medical: Global Challenger in Cardiovascular Diagnosis and Treatment

Lepu Medical was established in 1999 and is located in Beijing. Lepu Medical’s strategic competitive positioning is against international companies such as Abbott, Medtronic, Boston Scientific, European Braun, Siemens, etc., with a cumulative R&D investment of more than 2 billion yuan and annual R&D expenses of 10%, which makes Lepu Medical care. Vascular diagnosis and treatment has global competitiveness and is a global challenger in the field of domestic cardiovascular diagnosis and treatment.

4.Lifetech: A Global Challenger for Cardiac Occluders

Lifetech was established in 1999 and is located in Shenzhen. It is the world's leading supplier of minimally invasive interventional medical devices for cardiovascular diseases. As an innovative medical device that develops products for the global market, LifeTech has maintained a high R&D investment of about 20% for a long time, and competes globally. Its strategy is mainly against Boston Scientific, and it is a global challenger in the field of cardiac occlusion devices.

5.Edan Medical: Global Challenger of ECG and Patient Monitor

Edan Instruments was established in 1995 and is located in Shenzhen. In overseas markets, the monitoring and ECG products of Edan Instruments have extensive competitiveness in the global market. They have entered the top European medical institutions such as Nightingale Hospital in the United Kingdom, the Paris Public Hospital Group in France, and the St. Thomas Hospital in London. A global challenger in the field of electrical and monitoring equipment.

6.Angell Technology: Global Challenger of Ordinary Digital X-ray

Angell Technology was established in 2002 and is located in Shenzhen. Angell Technology maintains a high R&D investment of more than 10% throughout the year, develops products for global markets and users, and benchmarks GPS (GE/Philips/Siemens), Shimadzu and other international manufacturers, and is a powerful global challenger in the field of ordinary digital X-rays.

7.Micro Tech: Global Challenger in Minimally Invasive Endoscopic Diagnosis and Treatment

Micro Tech Medical was established in 2000 and is located in Nanjing. Micro Tech Medical’s current global competitors include overseas manufacturers including Boston Scientific, and they are global challengers in the field of minimally invasive endoscopic diagnosis and treatment.

8.Double Medical: Global Challenger of Orthopedic Trauma Implant Consumables

Double Medical was established in 2004 and is located in Xiamen. The global orthopedic consumables market has a huge space and a high degree of concentration. Double Medical's global market competition is mainly against international giants such as Johnson & Johnson, Zimmer, Stryker, Medtronic and Xerox, and is a powerful domestic global challenger in orthopedic trauma implant category.

9.Autek: Global Challenger of Orthokeratology

Autek was established in 2000 and is located in Hefei. As the number of myopia patients in my country has exceeded 600 million, and the number is increasing year by year, the number of myopia accounts for about half of the population. It is estimated that the myopia population will exceed 700 million by the end of 2020. Autek is relying on the huge domestic market demand and is a corneal shaping A strong global challenger in the field.

10.BGI: Global Challenger of In Vitro Diagnosis

BGI was established in 1999 and is located in Shenzhen. As a rare domestic equipment manufacturer benchmarking Roche, Abbott, Danaher and Siemens, BGI has become a powerful global challenger in the domestic IVD field by virtue of its strong technical platform and talent advantages.

The top ten national medical device manufacturers with global challengers cover comprehensive diagnosis and treatment, high-end medical imaging, general digital imaging, cardiovascular intervention, orthopedics, ophthalmology and other fields. The top ten domestic global challengers are all in their respective fields. The field of intensive cultivation, driven by market demand, and technological innovation as the cornerstone, has formed its own unique technology and product advantages, and has built deep competition barriers. It has a cost control system, product quality system and market strategy that directly compete with international manufacturers. . Facing the next golden decade of medical equipment, we have reason to believe that more and more domestic medical equipment manufacturers will participate in international competition, and a group of outstanding manufacturers will move from global challengers to global leaders.