In 2018, the development of China's medical device market benefited from the development of the economic level, and the health demand is increasing. China's medical device market has ushered in tremendous development opportunities. According to the Medical Device Research Institute, the size of China's medical device market in 2018 is about 530.4 billion, an increase of 19.86% year-on-year.
According to estimates by the Medical Device Research Institute, the medical equipment market is still the largest segment of China's medical devices in 2018, with a market size of approximately 301.3 billion, accounting for 56.80%; followed by high-value medical consumables market with a market size of approximately 104.6 billion, accounting for 19.72%.
Source: China Medical Device Information Network