China Medical Device Market: Size, Trends and Forecasts (2020-2024)

China Medical Device Market: Size, Trends and Forecasts (2020-2024)

Scope of the Report

The report entitled “China Medical Device Market: Size, Trends and Forecasts (2020-2024)” provides an in-depth analysis of the medical device market in China including detailed description of market sizing and growth. The report provides an analysis of China’s medical device market by value, by product, by sales channel, etc.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall China medical device market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The major players dominating the medical device market in China are MicroPort Scientific Corporation, Mindray Medical International Limited, Medtronic plc, and Boston Scientific Corporation. The four companies have been profiled in the report providing their business overview, financial overview and business strategies.

Company Coverage

MicroPort Scientific Corporation
Mindray Medical International Limited
Medtronic plc
Boston Scientific Corporation

Executive Summary

A medical device refers to any instrument or machine, which is required to be used for the treatment, cure, prevention or diagnosis of different kinds of diseases. The main purpose of the medical devices is to help the healthcare professionals in improving the way they diagnose patients, in helping patients overcome sickness or diseases, or in improving the patient’s quality of life.

Medical devices are categorized into three classes based on the risk level of the device from low to high: Class I (low-risk devices), class II (intermediate-risk devices), and Class III (high-risk devices). The main applications of medical devices include orthopedics, minimally invasive, cardiology, ophthalmology, wound care, patient monitoring, audiology, respiratory-anesthesia, uro-gynecology, neurology, aesthetics, robotics-navigation and others.

Medical devices market can be segmented on the basis of product (Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids, In-Vitro Diagnostics, and Other Medical Devices); and Sales Channel (Hospitals, and Retail Sales Channel).

China medical devices market has increased at a significant CAGR during the years 2015-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The medical devices market is expected to increase due to growing geriatric population, rising affordability, escalating prevalence of diseases & disorders, rapid urbanization, increasing healthcare spending, increasing penetration of Percutaneous Coronary Intervention (PCI) procedures, etc. Yet the market faces some challenges such as high cost involved, stringent government regulations, complicated reimbursement policies, etc.


1. Executive Summary
2. Introduction
2.1 Medical Device: An Overview
2.1.1 Purpose of Medical Devices
Table 1: Purpose of Medical Devices
2.1.2 Medical Device Classification
Table 2: Medical Device Classification
2.1.3 Application of Medical Devices
Table 3: Application of Medical Devices
2.2 Medical Device Segmentation: An Overview
2.2.1 Medical Devices Segmentation by Product
Table 4: Medical Devices Segmentation by Product
2.2.2 Medical Devices Segmentation by Sales Channel
Table 5: Medical Devices Segmentation by Sales Channel
3. Global Market Analysis
3.1 China Medical Device Market: An Analysis
3.1.1 China Medical Device Market by Value
Table 6: China Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 7: China Medical Device Market by Value; 2020-2024 (US$ Billion)
3.1.2 China Medical Device Market by Product (Diagnostic Imaging, In-Vitro Diagnostic, Patient Aids, Consumables, Orthopaedics & Prosthetics, Dental Products, and Other Medical Devices)
Table 8: China Medical Device Market by Product; 2019 (Percentage, %)
3.1.3 China Medical Device Market by Sales Channel (Hospitals and Retail Sales Channel)
Table 9: China Medical Device Market by Sales Channel; 2019 (Percentage, %)
3.2 China Medical Device Market: Product Analysis
3.2.1 China Diagnostic Imaging Medical Device Market by Value
Table 10: China Diagnostic Imaging Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 11: China Diagnostic Imaging Medical Device Market by Value; 2020-2024 (US$ Billion)
3.2.2 China In-Vitro Diagnostic Medical Device Market by Value
Table 12: China In-Vitro Diagnostic Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 13: China In-Vitro Diagnostic Medical Device Market by Value; 2020-2024 (US$ Billion)
3.2.3 China Patient Aids Medical Device Market by Value
Table 14: China Patient Aids Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 15: China Patient Aids Medical Device Market by Value; 2020-2024 (US$ Billion)
3.2.4 China Consumables Medical Device Market by Value
Table 16: China Consumables Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 17: China Consumables Medical Device Market by Value; 2020-2024 (US$ Billion)
3.2.5 China Orthopaedics & Prosthetics Medical Device Market by Value
Table 18: China Orthopaedics & Prosthetics Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 19: China Orthopaedics & Prosthetics Medical Device Market by Value; 2020-2024 (US$ Billion)
3.2.6 China Dental Medical Device Market by Value
Table 20: China Dental Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 21: China Dental Medical Device Market by Value; 2020-2024 (US$ Billion)
3.2.7 China Other Medical Device Market by Value
Table 22: China Other Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 23: China Other Medical Device Market by Value; 2020-2024 (US$ Billion)
3.3 China Medical Device Market: Sales Channel Analysis
3.3.1 China Hospitals Medical Device Market by Value
Table 24: China Hospitals Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 25: China Hospitals Medical Device Market by Value; 2020-2024 (US$ Billion)
3.3.2 China Retail Sales Channel Medical Device Market by Value
Table 26: China Retail Sales Channel Medical Device Market by Value; 2015-2019 (US$ Billion)
Table 27: China Retail Sales Channel Medical Device Market by Value; 2020-2024 (US$ Billion)
4. Market Dynamics
4.1 Growth Driver
4.1.1 Growing Geriatric Population
Table 28: China Aging Population; 2012-2018 (Million)
4.1.2 Rising Affordability
Table 29: China Urban Households Disposable Income Per Capita; 2014-2019 (US$ Thousand)
4.1.3 Escalating Prevalence of Diseases & Disorders
Table 30: China Incidences of Acute Ischemic Stroke (AIS) and Aortic Stenosis (AS); 2018-2023 (Million)
4.1.4 Increasing Healthcare Spending
Table 31: China Health Expenditure; 2014-2018 (US$ Billion)
4.1.5 Rapid Urbanization
Table 32: China Urban Population; 2014-2019 (Percentage, %)
4.1.6 Increasing Penetration of Percutaneous Coronary Intervention (PCI) Procedures
Table 33: China Number of Percutaneous Coronary Intervention (PCI) Procedures; 2018-2024 (Thousand)
4.2 Challenges
4.2.1 High Cost Involved
4.2.2 Stringent Government Regulations
4.2.3 Complicated Reimbursement Policies
4.3 Market Trends
4.3.1 Integration of Internet of Things (IoT) Features into Medical Devices
Table 34: China IoT Healthcare Market; 2017-2024 (US$ Billion)
4.3.2 Healthcare Reforms
4.3.3 Development of Point-of-Care Testing
5. Competitive Landscape
5.1 China Medical Device Market Players: A Financial Comparison
Table 35: China Medical Device Market Players: A Financial Comparison; 2018/2019
5.2 China Medical Device Market Players by Research & Development (R&D) Expenses
Table 36: China Medical Device Market Players by Research & Development (R&D) Expenses; 2017-2019 (US$ Billion)
6. Company Profiles
6.1 MicroPort Scientific Corporation
6.1.1 Business Overview
6.1.2 Financial Overview
Table 37: MicroPort Inc. Revenue; 2014-2018 (US$ Million)
Table 38: MicroPort Inc. Revenue by Segments; 2018 (Percentage, %)
Table 39: MicroPort Inc. Revenue by Region; 2018 (Percentage, %)
6.1.3 Business Strategy
6.2 Mindray Medical International Limited
6.2.1 Business Overview
6.2.2 Business Strategy
6.3 Medtronic plc
6.3.1 Business Overview
6.3.2 Financial Overview
Table 40: Medtronic plc Net Sales; 2015-2019 (US$ Billion)
Table 41: Medtronic plc Net Sales by Segments; 2019 (Percentage, %)
Table 42: Medtronic plc Net Sales by Region; 2019 (Percentage, %)
6.3.3 Business Strategy
6.4 Boston Scientific Corporation
6.4.1 Business Overview
6.4.2 Financial Overview
Table 43: Boston Scientific Corporation Net Sales; 2015-2019 (US$ Billion)
Table 44: Boston Scientific Corporation Net Sales by Segments; 2019 (Percentage, %)
Table 45: Boston Scientific Corporation Net Sales by Region; 2019 (Percentage, %)
6.4.3 Business Strategy

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