Medical consumables refer to consumable devices and materials used for diagnosis, treatment, healthcare and rehabilitation. In terms of value, medical consumables can be categorized into high-value medical consumables and low-value medical consumables, of which low-value medical consumables refer to low-value disposable medical materials commonly used in clinical departments. The global medical device market size is about 427.8 billion U.S. dollars, of which low-value consumables account for 14%. 2018 China's medical device market size is 530.4 billion yuan, of which low-value consumables account for 12%.

01,Low-value medical consumables have a large space
China's low-value consumables market is growing faster than the world. The global low-value consumables market is growing more steadily, with the growth rate maintained at a single-digit level. China's low-value consumables market is benefiting from the growth of medical demand and the improvement of residents' consumption level, and the growth rate is maintained at around 20%.
According to "China Medical Device Industry Blue Book ( 2022 )", the market size of China's low-value medical consumables in 2021 will be about 111.6 billion yuan, a year-on-year growth of 15.05%. According to preliminary statistics, China's low-value medical device market size may exceed 130 billion yuan in 2022, up 20.51% year-on-year.

As medical consumables commonly used in multiple clinical disciplines, low-value medical consumables can help improve the safety of examination and treatment, and prevent the spread of diseases caused by the sharing of medical devices between doctors and patients, which has been increasingly emphasized by the industry and patients.

02,Medical consumables future market
In addition, China has a large population base, many market demands, the state actively carries out policies and regulations to guide and supervise, and, in recent years, as China's scientific and technological level advances, the production and research and development level of low-value consumables has risen, and the advantages of the development of medical low-value consumables are obvious.
With the continuous development of China's healthcare system in the future, the market size of the low-value medical consumables industry may continue to rise.
Based on this, it is estimated that the market size of China's low-value medical consumables industry will reach 402 billion yuan in 2028, with a compound annual growth rate of 20%.

03,Classification of low value medical consumables
According to different specific uses, low-value medical consumables can be divided into medical hygiene materials and dressings, injection and puncture, medical polymer materials, medical disinfection, anesthesia consumables, operating room consumables, medical consumables and so on.