(Source:https://pltfrm.com.cn)
In the Chinese medical device market, several types of devices are currently in high demand:
1.Cardiology Devices:
These represent the largest market segment in China’s medical devices market, with a projected market volume of US$4.17 billion in 2023.
2.Surgical Robots and Endoscopes:
These devices, particularly surgical robots, are popular focuses in the medical device sector. Even though overall healthcare investment declined in 2022, surgical robots continued to attract significant investment. Some domestic enterprises have filed for IPOs, reflecting the growing commercial potential in this area.
3.Implant Intervention Consumables and Cardio-Cerebrovascular Devices:
These are among the other key areas expected to see significant growth and innovation in the Chinese market.
Artificial Hearts:
This segment holds a significant market value, exceeding 10 billion yuan. Many domestic companies are investing in research and development related to structural heart disease, leading to a range of innovative products.
4.Rehabilitation Devices:
The rehabilitation assistance device market in China is undergoing a new round of development. The market is increasingly driven by intelligent technology trends and is shifting from being policy-driven to market-driven.
Overall, the demand for high-end, advanced technology medical devices is substantial in China, with much of this technology being imported from other countries. The medical device market in China is expected to reach $195 billion by 2025, indicating a robust growth trajectory.
Conclusion
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