Overview of the Chinese Medical Technology Market

Thanks to policy and industry incentives, China's medical technology market has rapidly developed, showing a trend of innovation-driven and international expansion. With the aging population and increasing health demands, the scale and potential of China's medical technology market continue to expand, providing broad business opportunities for domestic and foreign enterprises. Chinese companies have made significant progress in fields such as artificial intelligence, gene editing, and digital healthcare, while actively exploring international markets through mergers, collaborations, and overseas listings.

China's medical device market has significantly expanded over the past five years, growing at a double-digit rate annually, with the overall revenue compound annual growth rate expected to exceed the global level in the next five years. The dental equipment segment accounts for one-fourth of the global market, followed by ophthalmic and diabetes care equipment, which each account for about 12%. The demand for diabetes care equipment is growing the fastest, with a CAGR of 13.5%, making it the only segment to achieve double-digit compound growth.

The release of a series of policies encourages innovation from different dimensions such as tax reductions, standardization, and development, promoting the regulation and development of the medical device industry, as well as the transformation of medical technology product achievements.

Industry Level

The localization and self-control of medical devices are accelerating, and eligible research and development institutions can receive tax rebate incentives when purchasing domestic medical devices.

Medical device standards and technical specifications are gradually aligning with international standards, fully leveraging the main role of enterprises.