China's medical equipment market grows notably over past five years
Xinhua, March 30, 2026 Adjust font size:
China's medical equipment market expanded by 60.5 percent in the period from 2021 to 2025, maintaining its position as the world's second-largest single-country market, according to the China Association of Medical Equipment.
Relevant figures were unveiled at the 2026 China Medical Equipment Conference, which opened in southwest China's Chongqing Municipality on Friday.
The association noted that the country's market size reached 1.44 trillion yuan (about 208 billion U.S. dollars) in 2025.
The export of medical equipment totaled 45.8 billion U.S. dollars in 2025, up 62.4 percent compared with 2019, the association said, adding that China's medical equipment sector has been shifting from a cost-driven competitive edge to one based on technology and brand strength.