According to data from market research firm Statista, the global medical device market is projected to reach a total value of USD 450 billion in 2023 and is expected to grow to USD 600 billion by 2028, with an annual average growth rate of 6%. After experiencing a decline in 2023, China's medical device exports showed a year-on-year increase of 3.12% in the first half of 2024, indicating that China's medical device exports have stabilized and rebounded. Among them, the proportion of exports to countries along the Belt and Road Initiative and the European Union continues to rise, which are also the main export destinations for our company.
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