Matej Mikulic
Research expert covering health, pharma & medtech
Medical technology industry in China - statistics & facts
The global medical technology industry is a multibillion-dollar business, with the United States being the largest contributor. However, China has been slowly closing the gap between itself and the United States as a viable market. Having over 33 thousand hospitals to cater to, the Chinese market has expanded sizably, with companies such as Mindray Medical, Intco, and Lepu Medical dominating it. Driven by a growing middle class and an aging population, coupled with favorable policies and technology advancements, industry experts expected a positive outlook for the Chinese medtech market.
