Development Status of China Medical Device Industry

 In recent years, the number of manufacturing enterprises in China medical device industry has been growing. From 2019 to 2021, driven by the rapid growth of medical device market demand, China medical device manufacturing enterprises have achieved a leap from 16000 to 25000.

At present, the upgrading and updating of medical devices have also brought demand to the market. For example, ultrasonic instruments used to be mainly black-and-white image, but now they are mostly replaced by colorful image. The development of technology promotes the application of portable medical devices.

In addition, China attaches great importance to the development of the medical device industry. The market scale is gradually expanding. From 2019 to 2021, it maintained a growth rate of more than 10%. In 2019, the sales scale of medical devices in China reached CNY 681.9 billion.

In 2020, affected by COVID-19, the demand for medical devices increased significantly. The sales scale exceeded CNY 800 billion in 2020. In 2021, the industry continued to grow and reached CNY 891.2 billion, a year-on-year increase of 11%. With the technological progress and the rapid development of economy, the acceleration of pace of integration with the world will promote the upgrading of China medical equipment and expand the market capacity.