Medical Devices and Pharmaceuticals
Industry
The medical device industry involves many industries, such as medicine, machinery, electronics, plastics and so on. It is a multi-disciplinary, knowledge intensive and capital intensive high-tech industry. The basic characteristics of high-tech medical equipment is digitalization and computerization; it is the crystallization of the multidisciplinary modern high technology; the products have high technical content and high profit, making it the commanding elevation in the competition between technological powers and large international companies; it requires a higher threshold for entering this industry. Even in the sub-sector industries whose overall gross profit margins are low, and whose investments are not high in the sub sectors, products with high technical contents still emerge continuously, from which a number of enterprises with strong profitability are bred. Therefore, the overall trend of the industry is high input and high profit.
