The market size of China's medical device industry is expected to exceed 1.2 trillion yuan in 2024

Today, the reporter learned from the medical device supply chain branch of the China Federation of Logistics and Purchasing that the market size of China's medical device industry will exceed 1.2 trillion yuan this year, an increase of about 2.2%, and the scale of China's medical device industry continues to grow steadily.

In recent years, under the superimposed effect of multiple factors such as scientific and technological development, policy support and market demand, the number of medical device manufacturers in China has grown rapidly, and the degree of internationalization has been continuously improved.

As of June 2024, the number of medical device manufacturers in China has reached more than 32,800. Driven by innovation, China's medical device industry continues to break through key technologies. From high-end medical equipment to new diagnostic devices, from intelligent equipment to biological materials, a number of innovative products with global competitiveness have emerged. As of November 2024, the State Food and Drug Administration has approved a total of 302 innovative medical devices, maintaining a rapid development trend in the past two years.

Cui Zhongfu, vice president and secretary-general of the China Federation of Logistics and Purchasing, said that with the development of cutting-edge technologies such as informatization, digitalization and artificial intelligence, medical device enterprises need to accelerate digital transformation, make full use of big data, artificial intelligence and other technologies, and achieve digital collaboration of the whole chain. At the same time, the healthy and orderly development of the medical device industry is related to the health and well-being of the people, and enterprises need to strengthen their own compliance construction and promote the compliance, health and sustainable development of the industry.

Resource：中国青年网