China's med-tech industry corners a big global market pie while India still explores

Know more→

Healthcare & Lifesciences

Healthcare and Lifesciences

China's med-tech industry corners a big global market pie while india still explores

26 Apr 2025

1 min read

If China accounted for less than 3% of global trade in med-tech products in 2000, its share in global med-tech trade surged to 12.4% by 2021, amounting to nearly $40 billion. By the end of 2023, China had more than 32,000 medical device manufacturers, generating $160 billion in revenue. This growth is driven by government initiatives, strong domestic demand, and rising innovation within the country’s healthcare sector, says a Praxis Global Alliance research report. In 2024, China exported $11.4 billion of medical instruments, and the main destinations were the United States ($2.5 billion), Japan ($649 million), Germany ($600 million), Brazil ($452 million), and India ($447 million).

Read more in Fortune- China's med-tech industry corners a big global market pie while India still explores

Disclaimer: The text, images and content here have been reproduced from the original publisher. Praxian Global Private Limited does not claim any ownership or right to use of this content and the rights belong to the publisher. We have contributed our perspectives, which are often proprietary, to the content publisher. We or the publisher have no obligation to update or refresh the content or our perspectives shared herein.

Ready to talk?

I want to talk to your experts in:

We work with ambitious leaders and transformative clients who are defining the future. Together, we achieve extraordinary outcomes.

China's med-tech industry corners a big global market pie while India still explores | PraxisGA