Current status of the medical consumables industry

Release time:

2023-06-30

With the continuous growth of the global medical technology level and healthcare investment, the ability to pay and the improvement of health awareness, it makes the global medical demand increasing, which promotes the rapid development of the global medical consumables industry. According to the data, the global medical consumables industry market size was approximately USD 271.27 billion in 2021, a year-on-year growth of 19.2%. The industry size is expected to grow to USD 365.29 billion by 2025.

Industry Status

1、Medical equipment

With the improvement of residents' living standards and healthcare awareness in recent years as well as the aging of the population, the demand for medical device products in China has continued to grow, and the market scale has also expanded. According to the information, the market scale of China's medical device industry in 2021 was about 8438.02 billion yuan, a year-on-year growth of 15.6%. It is expected that the industry scale will grow to 1244.16 billion yuan by 2025.

2、Global scale

3、China Scale

With the gradual acceleration of China's population aging process in recent years, the continuous growth of the elderly population, making the incidence of various chronic diseases climbing year by year, the number of medical institutions and the number of hospital admissions and treatments are increasing rapidly. Huge diagnosis and treatment of patients, especially hospitalised patients base for the development of China's medical consumables industry has brought great market space, the industry scale is also growing rapidly. According to information, in 2021, China's medical consumables industry market size of about 532.09 billion yuan, a year-on-year growth of 16.1%.

preceding page

Analysis of China's Medical Consumables Industry in 2022, Steady Advancement of Domestic Substitution, Rapid Growth of Industry Scale