Latest trends of medical device manufacturing in China: From local rivals to global partnerships
China’s medical device market has grown significantly, reinforcing its position as a global manufacturing leader. By the end of 2023, China had more than 32,000 medical device manufacturers, generating RMB 1.16 trillion in revenue. This growth is driven by government initiatives, strong domestic demand, and rising innovation within the country’s healthcare sector. Local giants: Powerhouses […]