According to the statistics of Prospect Industry Research Institute, the total sales of the global medical device market has risen rapidly from US$187 billion in 2001 to US$435.3 billion in 2011, with a compound annual growth rate of 8.82%, and the growth rate of the global medical device market has exceeded the GDP growth rate in the same period.
While the overall development of China's medical device industry is relatively fast, it is still unable to fully meet the domestic market demand, and there is still a gap between the developed countries. China's entire medical and health services expenditure accounted for about 5% of the total GDP, while the developed countries are generally about 10%, of which the United States reached 16%; China's medical equipment and pharmaceutical consumption ratio is only about 1:10, while the proportion of developed countries has reached about 1:1, China's medical equipment industry there is still a large gap in the market development space is extremely broad.