According to the State Food and Drug Administration data, in 2017 the medical device market continues the trend of high growth in recent years. From 2011 to 2016, China's medical technology and medical device industry's annual average compound growth rate reached 20.7%, much higher than the global annual average compound growth rate of about 3%.

  In 2016, the market scale of medical devices in China is about 370 billion yuan, and the market scale in 2019 is expected to reach 600 billion yuan. Among them, imaging equipments, in-vitro diagnostics and high-value medical supplies occupy the top three parts of the medical device market, accounting for 19%, 16% and 13% respectively of the total market size.

  The industry believes that policies, markets and new technologies are still the three major factors affecting the development of China's medical device industry. The full implementation of grading clinic brings more opportunities for domestic medical equipment.The implementation of the two-vote system will further promote the transformation of mergers and acquisitions in the industry, the continuous upgrading of industrial structure, the development of customized medical devices and high value-added products and further intensify the competition in medical device market in 2018.The development of new material technologies such as early screening technology, artificial intelligence, 3D printing, medical robots and graphene have revolutionized the medical market.