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China's medical device industry market
- Jun 02, 2018 -

     The size of China's appliance market: from 43.4 billion yuan in 2006 to 400 billion yuan this year, it has grown by nearly 9.2 times in 10 years, and China's medical device industry is in a period of rapid development.At present, China's medical device market is only 14% of the same period of drug market, compared with 98% of global drug market, which indicates that we still have a lot of room to grow in the future.

    With the development of economy, the improvement of national income, an aging population, urbanization intensifies, a growing incidence of chronic diseases, health policy, the reform of health care continue to improve and popularize, the increasing of medical enterprise needs, greatly promote the expansion of medical market.With the transfer of global manufacturing capacity and the continuous improvement of our equipment manufacturing capacity, it has provided a good condition for medical devices to move towards the high-end market.Although China is currently in the low-end medical market, China has become a large exporter of medical devices.According to China's customs statistics, the export of medical equipment in 2015 was 38.489 billion us dollars, with a compound growth rate of 11.18% in the past five years.With the improvement of research and development level and manufacturing capacity, the export of high-value-added products will increase continuously, and China will become an important member of the global medical market in the future.