The global medical device industry is experiencing a period of rapid development. According to data from Sullivan and the China Federation of Logistics and Purchasing Medical Device Supply Chain Branch, the global medical device market size is expected to reach US$616 billion in 2023, a year-on-year increase of 7.11%. At the same time, the size of China’s medical device market is expected to be about RMB 1.25 trillion, a year-on-year increase of 17%, which is about 2.4 times the growth rate of the global market.
However, since 2019, medical device companies have found it increasingly difficult to improve performance by relying solely on organic growth, especially for large companies. To this end, many companies have begun to adopt mergers and acquisitions to expand their business scope in order to enhance their competitiveness.
According to incomplete statistics from relevant media, from 2024 to date, foreign medical device companies have completed 12 mergers and acquisitions, with a total amount equivalent to RMB 168.59 billion, involving many fields such as cardiovascular intervention, stroke prevention, and AI technology.
Post time: Jul-29-2024
