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China Medical Supplies Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

China Medical Supplies Market – (By Type - Advanced Wound Dressings, Catheters, Diagnostic Supplies, Dialysis Consumables, Disinfectants, and Others; By Application – Cardiology, Infection Control, Radiology, Respiratory, and Others; By End User – Hospitals, Clinics, Ambulatory surgical, and Others) - Industry Dynamics, Market Size, Opportunity and Forecast to 2027

  • Published On: 26-May-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0522245
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

China Medical Supplies Market was valued at US$ 53,963.2 Mn in 2021.

China is the world’s second largest healthcare market and manufactures a wide variety of medical products as well as medically related items to exacting specifications.

As part of China’s “Made in China 2025” initiative, China’s high-tech factories are working hard to bring their manufacturing in the most technical areas of medical equipment up to world-class standards.

China Medical Supplies Market is estimated to expand at a CAGR of 5.2% over the forecast period. 

The market is majorly driven by factors such as growing healthcare expenditure coupled with rising geriatric population and effective measures of government to ensure crucial medical supplies to Hebei province amidst the new coronavirus outbreak.

The volatile regulatory system in China may hinder market growth. 

Growing demand for smart medical supplies in the healthcare industry is providing a lucrative opportunity for market growth over the forecast period.

Catheters dominates the market in 2021.

Cardiology segment is the highest application segment in the medical supplies market of China in 2021.

Hospitals are the highest end users in the market in 2021.

The key players in the China Medical Supplies Market are Sichuan Nigale Biomedical Co., Ltd., Jiangsu Likang Group Corporation, Shanghai Johnson & Johnson Co. Ltd., and Suzhou Capsugel Co. Ltd., among others.

COVID-19 had a positive impact on the medical supplies market of China.