Impact of China on Medical Devices Industry – Thematic Intelligence
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Impact of China on Medical Devices Industry Report Overview
China is among the top 10 largest medical device markets worldwide and is regarded as one of the most promising. The estimated market value of medical devices in China was $44.8 billion in 2023, accounting for around 8% of the world total. China’s medical devices market is forecast to grow at a CAGR of more than 5% through 2025. The key market drivers include the country’s aging population, increasing chronic conditions, rising penetration of medical devices at all levels of healthcare, growing coverage by Chinese health insurance funds, and the mounting purchasing power of an expanding Chinese middle class.
This report is a thematic brief, which identifies those companies most likely to succeed in a world filled with disruptive threats. Inside, we predict how each theme will evolve and identify the leading and disrupting companies.
China Medical Devices Market Size (2023) | $44.8 billion |
China Medical Devices Market CAGR (2023-2025) | >5% |
Key Trends | Demographic Trends, Macroeconomic Trends, Regulatory Trends |
Key Value Chain Components | Suppliers, Manufacturers, Distribution and Service, and End Users |
Key Public Companies | GE Healthcare, Johnson & Johnson, Medtronic, Philips Healthcare, and Siemens |
Key Private Companies | BGI Group, Blue Sail Medical, Intco Medical, Lepu Medical, and MicroPort |
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China’s Medical Devices Industry Analysis
China’s medical devices market is estimated to be $44.8 billion in 2023 and is likely to grow at a CAGR of more than 5% during 2022-2030. Hospital supplies are the largest segment due to the large number of hospitals, which boosts the consumption of basic medical supplies in China. Other sizable markets include cardiovascular devices, diagnostic imaging, IVD, and orthopedic devices. Cardiovascular devices, drug delivery devices, patient monitoring, ENT devices, dental devices, nephrology & urology devices, reproductive health devices, and ophthalmic devices are some of China’s top-performing medical device sectors.
The cardiovascular devices segment is one of the most promising medical device markets in China. The continuous growth of contributing lifestyle factors, such as smoking and obesity, as well as the growing aging population, will further strain the public health system through high demands for highly specialized treatment procedures such as percutaneous coronary interventions (PCI). Recognizing the need to treat CVD, China is continuously undergoing policy reforms to decrease the burden of disease and lower the cost of procedures, including the manufacturing of domestic medical devices.
The China medical devices industry analysis also covers-
- Timeline
- Signals
- M&A Trends
- Patent Trends
- Hiring Trends
China Medical Devices Industry Analysis 2022-2030
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China’s Medical Devices Value Chain Analysis
The key components in China’s medical devices value chain are suppliers, manufacturers, distribution and service, and end users. The main upstream Chinese medical devices industry is made up of suppliers, including those of raw materials and software. The midstream industry includes manufacturers who develop and produce different types of medical devices. The downstream industry is made up of distributor channels, services, and end users such as medical institutions.
Suppliers: The main upstream Chinese medical devices industry is made up of suppliers, including software suppliers, electronic components, metals, plastics, chemicals, and textiles.
Medical Devices Industry Value Chain Insights
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China’s Medical Devices Industry – Competitive Landscape
The key players in China’s medical devices industry include:
Public Companies: GE Healthcare, Johnson & Johnson, Medtronic, Philips Healthcare, and Siemens are some of the leading public companies in China’s medical devices industry.
Private Companies: BGI Group, Blue Sail Medical, Intco Medical, Lepu Medical, and MicroPort are some of the leading private companies in China’s medical devices industry.
Download the Free Sample or Buy the Full Report for More Information on China’s Medical Devices Market Players
Medical Devices Sector Scorecard
The medical devices scorecard is used to predict tomorrow’s leading companies within each sector. using three screens including a thematic screen, a valuation screen, and a risk screen.
Medical Devices Sector Scorecard Analysis
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Reasons to Buy
- GlobalData’s thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying important themes early, enabling companies to make the right investments ahead of the competition and secure that all-important competitive advantage.
- Develop and design your corporate strategies through an in-house expert analysis of China’s impact by understanding the primary ways in which this theme is impacting the healthcare industry.
- Stay up to date on the industry’s major players and where they sit in the value chain.
- Identify emerging industry trends to gain a competitive advantage.
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Table of Contents
Frequently asked questions
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What was China’s medical devices market size in 2023?
China’s medical devices market is estimated to be $44.8 billion in 2023.
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What will be the CAGR of China’s medical devices market?
China’s medical devices market is likely to grow at a CAGR of more than 5% during 2022-2030.
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Which are the key value chain components in the China’s medical devices market?
The key components in China’s medical devices value chain are suppliers, manufacturers, distribution and service, and end users.
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Which are the key public companies in China’s medical devices market?
GE Healthcare, Johnson & Johnson, Medtronic, Philips Healthcare, and Siemens are some of the leading public companies in China’s medical devices industry.
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Which are the key private companies in China’s medical devices market?
BGI Group, Blue Sail Medical, Intco Medical, Lepu Medical, and MicroPort are some of the leading private companies in China’s medical devices industry.
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