What are the prospects for medical devices in China?

The first import and export trade volume exceeded 25 billion U.S. dollars in 2021

China's medical devices cover a wide range of industries, according to iFind, Choice and other databases to organize statistics on the scale of import and export of medical devices, the total import and export trade in China's medical device industry in 2017-2021 showed a yearly rising Trend, in 2021 China's medical device industry import and export total amount reached 35.86 billion U.S. dollars.2017-2021 China's medical devices as a whole in the trade surplus position, in 2020 China in the epidemic took the lead in the recovery of the economy and industrial production, for the new crown of the global epidemic to make outstanding contributions, in 2020 China's medical device industry trade surplus reached 5.534 billion U.S. dollars, in 2021 fall back to $4.717 billion.

Import trade market

--Import trade scale of more than 15 billion U.S. dollars in 2021

According to the statistics of the General Administration of Customs, in 2017-2021, China's The import scale of medical device industry showed a rising trend year by year, and in 2021, the import scale of China's medical device industry reached 15.571 billion U.S. dollars, a year-on-year increase of 23.54%.In January-July 2022, the import scale of China's medical device industry reached 8.36 billion U.S. dollars.

--Other medical, surgical or veterinary instruments and apparatus with the largest import scale

According to the statistics, among the TOP 10 imported products of China's medical equipment industry in 2021, the largest import amount scale was "Other Medical, Surgical or Veterinary Instruments and Apparatus (90189099)", with an import value of 3.415 billion U.S. dollars, followed by "Other Needles, Catheters, Intubators and Similar Products (90183900)", with an import value of 2.387 billion U.S. dollars. The import value reached 2.387 billion U.S. dollars.

Export trade market

--Export trade scale of more than 20 billion U.S. dollars in 2021

According to the statistics of the General Administration of Customs, China's medical device industry export scale shows a year-on-year trend in 2017-2021. The export scale of medical device industry showed a rising trend year by year, and the export scale of China's medical device industry reached 20.288 billion U.S. dollars in 2021, an increase of 11.85% year-on-year.In January-July 2022, the export scale of China's medical device industry reached 10.903 billion U.S. dollars.

--Vulcanized Rubber Made Other Split-Finger, Continuous-Finger and Open-Finger Gloves with the Largest Export Scale

According to the statistical data, among the TOP 10 export products of China's medical device industry in 2021, the largest export amount scale is "Vulcanized Rubber Other Split-Finger, Continuous-Finger and Open-Finger Gloves (40151900)", with an export value of 4.585 billion U.S. dollars, followed by "Other Medical, Surgical or Veterinary Instruments and Apparatus (90189099)", with an export value of 1.967 billion U.S. dollars. 1.967 billion U.S. dollars. Overall, the export amount of large medical device products mainly with the new crown epidemic prevention and control of prevention and control have a greater relationship.

-- More research and analysis of this industry is detailed in the Prospect Industry Research Institute China Medical Device Industry Market Outlook and Investment Strategy Planning Analysis Report