Market Size of China General Surgical Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.10 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China General Surgical Devices Market Analysis
The growing population in China is likely to lead to increasing demand for surgical devices. With the increasing population, there is a growing burden of diseases and innovative medical treatments that account for nearly two-thirds of the rise in spending. Therefore with the increasing prevalence of diseases, the demand for surgical devices is expected to increase.
According to the National Bureau of Statistics of China, 2018, from 2000 to 2018, disposable income per capita in China has increased by around 600 percent for urban and rural households alike. The fast-growing economy has inevitably led to a rapid income increase. Certain investments in the healthcare sector offer attractive long-term financial benefits. Medical care is one such area in which individuals tend to increase spending as incomes grow. Therefore the increasing disposable income in China helps in increasing the market growth.
