China's medical device sector is expected to continue innovative development, driven by rising demand for healthcare equipment, such as surgical robots and rehabilitation assistance devices, according to a recent industry report.

Data from market research firm Frost & Sullivan showed that in 2021, China's medical device market totaled 843.8 billion yuan ($124.5 billion). In 2022, China’s medical equipment market reached 1.3 trillion yuan ($185.8 billion), with an annual compound growth rate of about 17.5 percent, leading the world in market size and growth.

The medical devices market in China is expected to grow at a compound annual growth rate of 8.4 percent, from $46.5 billion in 2019 to $75.5 billion by 2025, according to GlobalData, a global data and analytics company.

As Chinese medical device makers ramp up their research and development capabilities, they are bound to gain market share. Against this backdrop, foreign companies need to produce medical devices locally to stay relevant to the market and survive the competition.