Medical Device Manufacturing in China - Industry Market Research Report

Medical Device Manufacturing in China - Industry Market Research Report

Medical Device Manufacturing in China

The Medical Device Manufacturing industry is set to generate $33.9 billion in revenue in 2022, up 13.1% from 2021. Industry revenue is expected to grow at an annualized 12.9% over the five years through 2022. This growth has been supported by the increasing purchasing power of hospitals, improvements in living standards and therefore demand for medical diagnoses, technology upgrades in hospitals, requirements for higher quality products and the development of China's western regions. Since 2020, the COVID-19 pandemic has significantly boosted industry revenue.

Firms in the Medical Device Manufacturing industry in China manufacture medical diagnosis equipment, medical monitoring equipment and medical treatment equipment. Firms in this industry purchase materials (such as metals, plastics, parts and components) and manufacture these inputs to produce items such as computerized tomography (CT), magnetic resonance imaging (MRI), ultrasound and other medical equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.