China Medical Device Corporate Milestones

Latest Updates of Companies in the China Medical Device Market

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Recent Developments in the Chinese Medical Device Market

• In December 2025, Bausch Health Companies Inc., a worldwide, diversified pharmaceutical organization, along with its worldwide aesthetic business, Solta Medical, announced the successful completion of the acquisition of Wuhan Shibo Zhenmei Technology Co., Ltd., consisting of the Shibo group’s aesthetics distribution business.
• In October 2025, Boston Scientific Corporation announced it had entered into a definitive agreement to acquire Nalu Medical, Inc., a confidentially held healthcare technology organization focused on advancing and commercializing innovative and minimally invasive services for patients with chronic pain.
• In July 2025, Evonik announced the opening of its largest center for healthcare device applications in Shanghai, serving the entire Asian market. This advanced facility specializes in the research, development, and processing of semi-finished components for bioresorbable medical tools.
• In March 2025, Shineco, Inc., a provider of novel diagnostic healthcare products and related medical devices, announced that Shineco Life Science Group Hong Kong Co., Limited, a subsidiary of the organization, entered into a Stock Purchase Agreement for 75% of an equity interest in FuWang (HK) International Company Limited

Supply Chain Analysis

R&D:

• Research and development (R&D) in China's medical devices involves design and engineering services, regulatory and quality assurance (RAQA) solutions, testing, verification and validation (V&V), and prototyping and production services.
• Key Players: Mindray Medical International Limited

Manufacturing Processes:

• The manufacturing processes for China's medical devices involve plastic injection moulding, CNC machining, additive production (3D printing), and meeting in cleanroom environments
• Key Players: Shanghai United Imaging Healthcare

Patient Services:

• Patient services in medical devices encompass the end-to-end support, education, and logistical assistance offered to patients using technologies, ensuring safe use, economical accessibility, and improved therapeutic results.
• Key Players: Lepu Medical Technology and Yuwell Medical

Market Trends

The China medical device market size was estimated at USD 44.17 billion in 2025 and is predicted to increase from USD 48.34 billion in 2026 to approximately USD 108.96 billion by 2035, expanding at a CAGR of 9.45% from 2026 to 2035. The Chinese medical device market is growing because of a rising aging population, increasing chronic diseases such as diabetes and cardiovascular diseases, and a shift toward home medical care.