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Forecast of the scale of China's medical device market from 2019 to 2023

Nanjing Kaihong Healthcare Co.,Ltd | Updated: Jan 18, 2019

Forecast of the scale of China's medical device market from 2019 to 2023
According to the relevant information of the Ministry of Industry and Information Technology, from January to September 2017, the main business income of medical device manufacturers above designated size was RMB 392.106 billion, an increase of 14.45% over the same period of the previous year. It is estimated that the market size of China's medical device industry will reach RMB 628.5 billion in 2019, and the compound annual growth rate in the next five years (2019-2023) will be about 14.41%. In 2023, the market size of China's medical device industry will reach RMB 1076.7 billion.
In 2016, the main business income of China’s medical instrument and equipment manufacturing industry was RMB 276.547 billion, a year-on-year increase of 13.25%. From January to September 2017, the income from the main business of medical instrument and equipment manufacturing industry in China was RMB 216.721 billion, an increase of 9.24% compared with the same period last year. It is estimated that the revenue of medical equipment and equipment manufacturing industry in China will reach RMB 327.4 billion yuan in 2019, and the compound annual growth rate in the next five years will be about 8.15%. In 2023, the revenue of medical equipment and equipment manufacturing industry in China will reach RMB 447.9 billion.
In 2016, the total profit of medical equipment and equipment manufacturing industry in China reached RMB 31.849 billion, a year-on-year increase of 32.29%. From January to September 2017, the total profit of medical equipment and equipment manufacturing industry in China reached RMB 22.487 billion, a year-on-year increase of 7.4%. It is estimated that the profit of China's medical equipment and equipment manufacturing industry will reach RMB 37.2 billion in 2019, and the compound annual growth rate in the next five years will be about 8.52%. In 2023, the profit of China's medical equipment and equipment manufacturing industry will reach RMB 51.6 billion.
Reprint: medworld Medical World

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