Newsfile
November 25, 2025 3:27AM GMT
Shanghai, China--(Newsfile Corp. - November 24, 2025) - Frost & Sullivan has conducted comprehensive research on the global medical device industry and published the "2025 Blue Book on the Current Status and Trends of Global Expansion of Chinese Medical Devices" on May 30, 2025. The blue book aims to provide a comprehensive analysis of the current landscape, market prospects, challenges, and opportunities for Chinese medical device companies expanding overseas. The Blue Book begins by examining the market size of medical devices in China and globally. (To read the 2025 Blue Book on the Current Status and Trends of Global Expansion of Chinese Medical Devices, visit: https://hub.frost.com/current-status-and-trends-of-global-expansion-of-chinese-medical-devices/)
According to Frost & Sullivan's data analysis, China's overall medical device market size grew from 729.8 billion RMB in 2020 to 941.7 billion RMB in 2024, with a CAGR of 6.6%.
During the same period (2020-2024), the global medical device market expanded from 456.6 billion USD to 623.0 billion USD, achieving a CAGR of 8.1%.
Chinese medical device enterprises are actively expanding into global markets, driven by a combination of internal and external factors. Internally, the sector faces intense domestic competition with numerous manufacturers possessing substantial production capacity yet relatively low per-unit output. The implementation of centralized procurement policies has further intensified price pressures on medical devices, prompting companies to seek new growth opportunities overseas. Meanwhile, China's medical device industry has demonstrated steady improvements in R&D and innovation capabilities. Supportive government policies actively encourage the global expansion of innovative medical devices, and pioneering Chinese medical device companies have accumulated substantial global operational experience through early globalization efforts. Furthermore, China's growing international influence continues to facilitate market access for Chinese medical device companies seeking global expansion.
The medical device sector is highly R&D- and capital-intensive. Early Chinese companies focused on basic healthcare segments. After China's accession to WTO in 2001, pioneer companies began global expansion by leveraging cost advantages to export low-value consumables to Europe and the U.S. After 2010, companies with stronger R&D capabilities and mature distribution networks entered international markets. The pandemic accelerated globalization for molecular diagnostics companies, driven by demand for ventilators, test kits, and PCR machines. By 2023, amid a global economic slowdown, Chinese companies shifted focus to product and compliance upgrades, moving from low-end to mid-high-end markets to enhance global competitiveness.
The medical device value chain covers R&D, manufacturing, distribution, and sales, forming an interconnected global ecosystem. Manufacturers drive innovation through product development and quality control, while distributors link manufacturers and healthcare providers by managing logistics, market education, and product adoption. Group Purchasing Organizations (GPOs) further streamline procurement by consolidating hospital demand to reduce costs. By optimizing every stage-from innovation to commercialization-companies can expand globally, building an end-to-end ecosystem that enhances market reach and patient impact.
The 2025 Blue Book on the Current Status and Trends of Global Expansion of Chinese Medical Devices highlights the following:
Key Topics Covered:

Source: Frost & Sullivan Analysis
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 60 years, Frost & Sullivan has been supporting the Global 1000, emerging businesses, the public sector, and investors in developing growth strategies.
Media Contact
Contact: Qian Li
Company Name: Frost & Sullivan
Website: http://www.frostchina.com
Email: qian.li@frostchina.com
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