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Industry Overview

Medical Equipment Companies in China develop fast in recent 3 years for the covid-19 epidemic.

With the emergence of high-quality medical devices and the continuous innovation, the pattern of China’s medical industry is being reshaped.

Relevant data show that as of 2020,  China’s medical equipment market size is about 734.1 billion yuan, an increase of 18.3% year-on-year, nearly four times the growth rate of global medical devices, and has become the world’s second largest medical device market after the United States.

2021 China’s Top 10 Medical Equipment Companies in China

Related Report: Global Top 10 Medical Device Technologies Market Analysis and Forecast Report 2030

Source: Internet

2024 Global Top 10 Medical Device Companies & Expanding to Southeast Asia Market

China’s Medical Device Industry Outlook

Overall, the development of Medical Equipment Companies in China has great potential, and the Covid-19 epidemic has become a “combustion agent” to promote its rapid development.

After the epidemic, the market demand for medical devices and consumables such as masks, nucleic acid detection kits, and ECMO surged. The market size exceeded 1 trillion yuan, and the growth rate was as high as 40% in 2020.

In addition, Medical Equipment Companies in China have made frequent moves in financing mergers and acquisitions since this year. In the first half of 2021, the domestic medical device financing heat reached a record high, with more than 217 financing events, a year-on-year increase of 50.73%, and 105 financing events of 100 million yuan.

From the market point of view, the medical device segment is relatively abroad, covering from in vitro diagnosis, minimally invasive to large medical equipment. This industry needs continuous R&D accumulation with high barriers. Only Medical Equipment Companies in China with new technologies can make it possible to quickly capture the market share.

Related Report: Global Medical Device Accessories Market Research Report- Forecast to 2023 

Therefore, related companies will seize high-potential market segments through mergers and acquisitions as a solution.

Mergers and acquisitions are not the only road to Rome. In recent years, Internet giants such as Tencent, Ali, and Meituan have entered the medical device industry, and Luckin and Gree have also come across the industry.

Therefore, in the face of the complex competitive environment, there are still some enterprises as the core competitiveness of enterprise development by investing in scientific research costs and improving their own hard power.

Only by emphasizing the innovation of varieties and the exclusivity of the market, will the enterprise form an increasingly deep moat in the corresponding field and is expected to become the industry leader.

Driving Factors

The aging population, technological breakthroughs in the medical industry, consumption upgrades, and the public’s emphasis on health are all driving the development of medical devices in the segmented field.

The post 2022 Top Medical Equipment Companies in China first appeared on CRI Report.

• Vietnam Medical Devices Industry Research Report 2024-2033
• Singapore Medical Devices Industry Research Report 2024-2033
• Indonesia Medical Devices Industry Research Report 2024-2033

This list contains the top 10 medical device companies in China ranked by their sales revenue based on public data sources.

Top 10 medical device companies

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. 

Shenzhen Mindray Bio-Medical Electronics Co., Ltd. is the largest medical device enterprise in China. In 2018, the company’s operating revenue reached CNY 13,753 million, increasing by 23.09% YOY; net profits reached CNY 3,719 million, increasing by 43.65% YOY. The company’s products cover life information and support, in-vitro diagnostics, and medical imaging.

The surge in profitability was attributable to the improvement of management efficiency and the investment in R&D of high-end medical devices. (In 2018, investment in R&D accounted for 10.33% of the company’s operating revenue.)

Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.

In 2018, the operating revenue of Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. reached CNY 4,183 million, increasing by 18.12% YOY; the net profits attributable to listed-company shareholders amounted to CNY 727 million, increasing by 22.82% YOY.

The company specializes in providing home medical equipment, medical clinical products and related medical services. It provides products that cover fields such as oxygen respirators, blood pressure and blood sugar, rehabilitation nursing, medical first aid, surgical instruments, equipment used in traditional Chinese medicine, medicinal plasters and polymer sanitary dressings as well as hospital disinfection solutions.

https://www.cri-report.com/global-advanced-wound-therapy-devices-market-research-report-forecast-to-2023

Lepu Medical Technology (Beijing) Co., Ltd.

In 2018, the operating revenue of Lepu Medical Technology (Beijing) Co., Ltd. reached CNY 6,356 million, increasing by 40.08% YOY; net profits reached CNY 1,219 million, increasing by 35.55% YOY. The company specializes in medical devices, medicine, medical services and new forms of medical business.

Its annual report shows that the revenue from medical devices (including production and distribution of medical devices) takes up the largest proportion of its operating revenue. In 2018, the company’s revenue from medical devices reached CNY 2,907 million, increasing by 15.31% YOY; net profits from medical devices reached CNY 769 million, increasing by 19.34% YOY.

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Neusoft Corporation

Established in 1991, Neusoft Corporation is the first software enterprise listed in China and the first to provide information services for China’s medical industry. According to its annual report, in 2018, its operating revenue reached CNY 7,171 million, increasing by 0.55% YOY; net profits attributable to listed company shareholders reached CNY 110 million, decreasing by 89.60% YOY.

In terms of medical business service data, Neusoft Corporation provides software and services to nearly 500 Grade III hospitals, over 2,500 medical institutions, over 30,000 community-level medical institutions and clinics and 190,000 designated medical institutions and retail pharmacies.

Shinva Medical Instrument Co., Ltd.

According to its annual report, in 2018, the operating revenue of Shinva Medical Instrument Co., Ltd. reached CNY 10,284 million, increasing by 3.01% YOY; net profits attributable to listed company shareholders reached CNY 23 million, decreasing by 65.23% YOY.

The annual report shows that the company specializes in medical devices, pharmaceutical equipment, medical services and medical trade. In 2018, the company’s operating revenue from medical devices reached CNY 2,253 million, increasing by 9.34% YOY.

Dian Diagnostics Group Co., Ltd.

In 2018, the operating revenue of Dian Diagnostics Group Co., Ltd. totaled CNY 6.97 billion, increasing by 39.20% YOY. The growth rate has stayed above 29% for 10 consecutive years, The company’s net profits amounted to CNY 390 million, increasing by 11.20% YOY.

The company specializes in diagnostic products, diagnostic services, health check-ups, cold chain

logistics, forensic assessment and financial leasing. In 2018, the operating revenue from diagnostic products was the highest, reaching about CNY 4.40 billion with a YOY increase of 49.22%; the operating revenue from forensic assessment grew fastest, reaching about CNY 62,313,900 with a YOY increase of 128.68%.

Autobio Diagnostics Co., Ltd.

Established in 1999, Autobio Diagnostics Co., Ltd. specialized in the R&D, production, sale and services of in-vitro diagnostic reagents and instruments that cover immunology, biochemistry, microbiology and other testing fields. In 2018, the company’s operating revenue reached CNY 1.93 billion, increasing by 37.82% YOY; net profits attributable to parent company shareholders reached CNY 563 million, increasing by 25.98% YOY.

Bluesail Medical Co., Ltd.

According to its annual report, in 2018, the operating revenue of Bluesail Medical Co., Ltd. reached CNY 2,653 million, increasing by 68.35% YOY; net profits attributable to listed company shareholders reached CNY 347 million, increasing by 72.61% YOY.

The company mainly produces disposable medical gloves and household gloves for medical examination and protection, food processing and electronics companies. Its operating revenue from health protective gloves was about CNY 1.60 billion, increasing by 5.15% YOY; operating profits totaled about CNY 1.20 billion, increasing by about 17.57% YOY; gross profit margin reached 23.91%, decreasing by 8.04% YOY.

Jafron Biomedical Co., Ltd.

In 2018, the operating revenue of Jafron Biomedical Co., Ltd. reached CNY 1,017 million, increasing by about 41.48% YOY; net profits attributable to listed company shareholders reached CNY 402 million, increasing by 41.34% YOY; investment in R&D amounted to about CNY 46.13 million, increasing by 73.25% YOY and accounting for 4.54% of the company’s operating revenue.

Hefei Meyer Optoelectronic Technology Inc.

In 2018, the operating revenue of Hefei Meyer Optoelectronic Technology Inc. reached CNY 1.24 billion, increasing by 13.33% YOY; net profits attributable to listed company shareholders reached CNY448 million, increasing by 22.82% YOY.

The post Analysis on Top 10 Medical Device Companies in China in 2019 first appeared on CRI Report.