The Health & Beauty segment in China registered Market value of USD 320,962.99 Millions in 2023
The indicator recorded a historical growth (CAGR) of 5.58% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Health Care Equipment & Supplies in China
The health care equipment & supplies market analyzes manufacturers of health care equipment, medical devices and supplies. The market profile covers disposable equipment and supplies such as syringes, catheters, electrodes, sutures, bandages, implantable prostheses, orthotics and prosthetics; otologic & technical aids such as hearing aids and wheelchairs; ophthalmic equipment such as eyeglasses, contact lenses and ophthalmoscopes; in-vitro diagnostics such as devices for clinical chemistry, microbiology, immunology and genetic tests; and other equipment such as imaging equipment and films and equipment for radiotherapy, dialysis, endoscopy, anesthetics, etc.
The Chinese health care equipment & supplies market has experienced very strong growth during the historic period which is expected to continue over the forecast period.
The market was affected greatly in 2020 by the COVID-19 outbreak. The coronavirus pandemic had a negative impact on the consumption of the majority of products supplied by market players. This is because those products were associated with surgical procedures or patients labeled as non-urgent, due to prioritizing coronavirus patients. However, Chinese hospitals had the infrastructure necessary to support any kind of medical conditions, including COVID-19 patients, keeping growth in the market at a strong rate. In addition, market players swapped their manufacturing to meet COVID-19 demand, focusing on surgical masks, gloves, mechanical ventilators and hazmat suits.
Category segmentation
Disposable equipment & supplies are the largest segments of the health care equipment & supplies market in China, accounting for the largest share of the market's total value.
The Other equipment segment accounts for the second-largest share of the market.
Geography segmentation
China accounts for the largest share of the global health care equipment & supplies market value.
Japan accounts for the second-largest share of the global market.
Who are the leading players?
Abbott Laboratories (Abbott) is the largest provider of health care equipment & supplies in China. The company is based in Abbott Park, the US and offers diagnostic systems, neuromodulation devices, medical devices, pediatric and adult nutritional products and generic pharmaceuticals.
Siemens Healthineers A.G. (Siemens) is the second-largest provider of health care equipment & supplies in China. The company is based in Bayern, Germany and is a medical technology company that manufactures and markets clinical diagnostics and therapeutic systems.
GE Healthcare (GE Healthcare), a business segment of General Electric, is the third largest provider of health care equipment & supplies in China. The company is based in Buckinghamshire, the UK and offers medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement, and performance solutions services.
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