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China medical-device market in numbers: size, exports, firms and localization
Need a set of citable macro figures on China's device market for a report or decision? Here's a one-pager.
Size and growth
2025 market size is projected at RMB 1.22 trillion, up from ~RMB 941.7B in 2024 (~30% growth per the source). China remains one of the world's fastest-growing device markets.
Exports and regional structure
- Q3 2025 exports of USD 15.224B, +4.53% YoY;
- consumables the largest export category (~50.58%);
- South/Southeast Asia's share rose from ~7% (2020) to ~15% (H1 2025); the EU is also a key growth market.
Supply side and localization
By end-June 2025, 35,359 domestic manufacturers, of which 3,189 can make Class III products; Guangdong, Jiangsu and Shandong lead. The 2024 consumable first-registration localization rate reached 95% (from ~89% in 2019), with high-end substitution advancing.
The BIO angle
FAQ
How big is China's device market?
Projected at ~RMB 1.22 trillion in 2025, up from ~RMB 941.7B in 2024.
What's the consumable share of exports?
In Q3 2025 consumables were the largest export category at ~50.58%; quarterly exports were USD 15.224B, +4.53% YoY.
How high is consumable localization?
The 2024 consumable first-registration localization rate reached 95% (from ~89% in 2019), though high-end and key materials remain the hard part.
Related reading
- Is China a Medical-Device Exporter or Importer? Finding Position from Trade Data (1) | BIO Insights
- China's Core Medical-instrument Exports: HS 9018 vs Germany and the US (2015–2024) | BIO
- How Did the Global Device Trade Market Form? Finding Position from Trade Data (3) | BIO Insights
Note: an original analysis compiled from public industry information; figures and conclusions per official/original sources. Not investment advice.
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