CHINA China's medical equipment industry expands in 2019

CHINA

China's medical equipment industry expands in 2019

Xinhua

16:50, December 07, 2020

A technician checks medical equipment at a hospital in Boao, Hainan province, on Oct 22, 2020. (Photo: China Daily)

BEIJING -- China's medical equipment industry saw a total revenue of more than 720 billion yuan (about $109.9 billion) in 2019, an industry report showed.

The revenue was 12 percent higher than that in 2018, according to a report released by the China Society for Drug Regulation (CSDR).

Wang Baoting, vice president of CSDR, said China's medical equipment industry will continue to expand, with more innovative products entering the market.

The country has started an emergency approval procedure this year, approving 43 kinds of diagnostic kits and a large quantity of medical equipment to combat COVID-19.

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