Industry Insights · Market · Trade · Industry
China's core medical-instrument exports: HS 9018 vs Germany and the US (2015–2024)
Fix the statistical boundary before discussing growth: HS 9018, exports to World, current US dollars.
Statistical boundary
Reproducible data
| Reporter | 2015 exports | 2024 exports | 2015–2024 CAGR |
|---|---|---|---|
| China | $5.450bn | $11.379bn | 8.52% |
| Germany | $12.707bn | $18.759bn | 4.42% |
| United States | $26.032bn | $36.807bn | 3.92% |
Formula: CAGR = (2024 value / 2015 value)^(1/9) − 1. Displayed dollar values are rounded; CAGR uses the unrounded source values.
What the comparison does and does not show
It supports one narrow statement: China's exports grew faster under the same HS 9018 basis. It does not prove a rank, share, market size or degree of technology upgrading for all medical devices.
Sources
Queried and reviewed 2026-07-14. Historical values may be revised by the database.
The BIO angle
FAQ
Does HS 9018 equal all medical devices?
No. It is an important heading but does not cover all devices, IVD, dressings, implants or adjacent products.
Why is CAGR calculated over nine years?
There are nine annual intervals from 2015 to 2024, so the exponent is 1/9.
Can this establish China's global share or rank?
No. That requires a defined full HS basket and a same-basis global denominator.
Related reading
- Is China a Medical-Device Exporter or Importer? Finding Position from Trade Data (1) | BIO Insights
- How Did the Global Device Trade Market Form? Finding Position from Trade Data (3) | BIO Insights
- How Big Is US Medical-Device Output? Finding Position from Trade Data (4) | 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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