Below you will find basic demographic and healthcare market data on China, plus specific information about the medical device and healthcare industries.
Overview of medical device industry: China's economic growth is slowing down, but the medical device industry is still on the rise. The Chinese medical device industry was valued at US$18.8 billion in 2016 and is projected to grow modestly through 2019, when it should reach over US$24 billion.
The Chinese medical device market is buoyed by the increasing demand for high-tech medical device imports to treat chronic and age-related disease. Also, China's 13th Five-Year Plan prioritizes health and innovation, which will improve prospects for foreign medical device manufacturers.
Opportunities in the Chinese market: Chinese medical device manufacturers dominate the domestic market, but they deliver mostly low-tech and mid-range products. Chinese hospitals and healthcare providers prefer imported devices, especially when purchasing innovative and high-tech devices. Significant demand for foreign-made, high-end devices is also fueled by China's aging population continues to grow, and the Chinese government pushes to improve the quality of care.
Industry challenges in China: The volatile regulatory system in China presents a significant challenge for foreign manufacturers. Chinese regulations change rapidly and foreign manufacturers must comply with obscure requirements to enter the Chinese market. Successful entry may even require setting up a representative office and your own trading company, so China may be out of reach for small or start-up companies with limited investment capital. Despite these obstacles, China is still regarded as one of the most promising medical device markets in the world.
How China compares to other markets
|Primary language(s)||Chinese, Mandarin||English||Japanese|
|Total healthcare spending||$574 billion||$3 trillion||$469 billion|
|Healthcare expenditures total (% of GDP)||5.5%||17.1%||10.2%|
|Healthcare expenditures per capita||$420 (USD)||$9403 (USD)||$3703 (USD)|
|Expenditures on healthcare||
|Size of medical device market (USD)||$8.7 billion (USD)||$147.7 billion (USD)||$26 billion (USD)|
|Number of hospital beds||3.8 per 1000 people||2.9 per 1000 people||13.7 per 1000 people|
0-14 years: 17%
15-64 years: 73%
65 years and over: 10% (2015 est.)
0-14 years: 19%
15-64 years: 66%
65 years and over: 15% (2015 est.)
0-14 years: 13%
15-64 years: 60%
65 years and over: 27% (2015 est.)
|Life expectancy at birth||
Male: 73 years
Female: 78 years
Male: 77 years
Female: 82 years
Male: 81 years
Female: 88 years
|Currency||Renminbi yuan (￥)||US dollar ($)||Yen|