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Gradual stabilisation of imports and exports of medical devices


Release time:

2023-01-31

In recent years, China's total imports of medical devices continue to grow, along with the further expansion of market demand and domestic device companies to accelerate the layout of overseas markets will further increase the total amount of imports and exports. At present, China's reliance on imported medical equipment in the field of high-end respiratory health is relatively serious and has not yet formed an import substitution

In recent years, China's total imports of medical devices continue to grow, along with the further expansion of market demand and domestic device companies to accelerate the layout of overseas markets will further increase the total amount of imports and exports. At present, China's reliance on imported medical equipment in the field of high-end respiratory health is more serious, and has not yet formed import substitution, the future of a certain cycle of imported medical devices will continue to increase steadily, and will remain mainly high-end imaging products; exports, domestic medical equipment enterprises and high-value consumables enterprises are actively improving the level of technology and product competitiveness, has achieved initial results. According to statistics from the General Administration of Customs, China's total foreign trade in medical devices reached US$134.94 billion in 2021, of which, exports amounted to US$84.73 billion. Overall, China's low-end device consumables exports have gradually entered a stable period, with growth expected to be close to the industry growth rate; and with some head device enterprises gradually having stronger competitiveness in technology and products, China's medical device exports in the future will rely more on mid- to high-end varieties of breakthroughs to gain market share, technical barriers and product value-added are expected to increase, and the variety structure of exported medical devices will gradually improve.