[High-value medical consumables] Industry market size: In 2024, the market size of China's high-value medical consumables industry will reach 172.4 billion yuan, accounting for 35.78% of the market share of vascular intervention products

The core data of this paper: the market size of high-value medical consumables in China;

In 2024, the market size of China's high-value medical consumables industry will reach 172.4 billion yuan

According to the definition in the Blue Book of China Medical Devices (2024 edition), high-value medical devices are medical consumables that are generally critical to safety, must be strictly controlled for production and use, are limited to the use of certain specialties, and have relatively high prices. High value medical consumables are divided into orthopedic implants, vascular intervention, neurosurgery, ophthalmology, oral, blood purification, electrophysiology and pacemaker, non-vascular intervention consumables, etc.

In 2023, the market size of China's high-value medical consumables industry reached 156.1 billion yuan, with a five-year compound growth rate of about 10.42%. According to preliminary estimates, the market size of China's high-value medical consumables industry will reach 172.4 billion yuan in 2024.

Market segment

From the perspective of market segment structure, in 2023 China's high-value medical consumables industry, the vascular intervention field accounts for the largest proportion, and the market size of high-value medical consumables in the field of vascular intervention in 2023 in China reached 55.9 billion yuan, which is one of the most important segments, followed by orthopedic implantation, blood purification and oral medicine.

Industrial competition

At present, China has enterprise layout in the field of high value medical consumables and has made certain achievements. Such as Mindray Medical, Lepu Medical and Xinhua Medical, etc. :