China's medical device market has experienced significant growth, with medical equipment accounting for the majority of the market.

Increasing Number of Medical Device Enterprises

The number of medical device enterprises in China has also increased, particularly in the production of Class III devices.

The regulatory landscape in China requires a production license and product registration for medical devices, with more complex approval processes for Class II and III devices.

Addressing Healthcare Needs

The combination of demographic trends, policy initiatives, and technological advancements positions the medical device industry in China to address the healthcare needs of an ageing population and improve patient care and operational efficiency.

The market is projected to continue growing, driven by factors such as an ageing population, increasing disposable income, and technological advancements.

Impact of COVID-19

The COVID-19 pandemic has also contributed to the surge in demand for medical devices.

Centralised procurement has been introduced to lower prices and improve accessibility and affordability of healthcare.

Advancements in Orthopaedic Care

Demographic shifts, such as an ageing population, are driving the demand for advanced medical devices, particularly in orthopaedic care.

Technological Innovations

Technological innovations, including AI, 5G, IoT, and medical robotics, are shaping the industry and driving further growth.

Future Outlook

The future of the medical device market in China is expected to be characterized by expansion and diversification across various categories.