CHONGQING, (Xinhua) -- China's medical equipment market size reached 1.35 trillion yuan (about 188.2 billion U.S. dollars) in 2024, according to a medical equipment conference that opened in southwestern Chongqing Municipality on Saturday.
The promising market is still expanding. In 2024, major enterprises in the medical equipment sector saw their revenue exceed 540 billion yuan, maintaining rapid growth for nearly a decade, according to Xin Guobin, vice minister of industry and information technology.
In China, major industrial enterprises refer to those having an annual main business revenue of 20 million yuan or more.