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Committed to the development of medical devices in China
18
2024
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10
Global Medical Device Industry Landscape
Source:
The leading tier of the global medical device industry is still represented by traditional medical device powerhouses like Germany and the United States. Germany has a long history of producing high-quality medical devices and the government strongly encourages and supports independent research and development of medical devices; the United States, as the largest market and manufacturer of medical devices, possesses strong research and development capabilities and is globally leading in technology levels.
The second tier is represented by developed countries such as France, the United Kingdom, Ireland, and Japan, each with its own characteristics in the development of the medical device industry: France has a thriving re-export trade, with many multinational companies acquiring local enterprises and producing locally; the United Kingdom is the largest importer of medical devices, with government financial allocations for medical expenditures; Ireland has a small domestic demand, but its open policy environment, concentration of high-quality talent, and low tax advantages have attracted many international medical device companies to establish branches.
China's medical device industry is currently in the third tier, facing issues such as low industry concentration, small enterprise scale, and a focus on mid-to-low-end imitation production. However, there is enormous potential market demand and vast development space.
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Building 3, Jianan Village (No. 2, Xinyuan Road), Jingcheng Town, Jingjiang City, Jiangsu, P.R.C.
focuses on the field of surgical equipment and consumables
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