Posted on 6/10/2022
The Chinese market for medical devices is substantial and expanding.
In 2019, it recorded sales of RMB629 billion, up from RMB308 billion in 2015, representing a growth rate of almost twofold. Due to Covid-19, the demand for a variety of medical products, such as medical masks, nucleic acid test kits, and ECMO machines, increased dramatically in 2020. As a consequence, it was projected that the industry’s sales will surpass RMB800 billion...