SHENZHEN, China, Sept. 25, 2023 /PRNewswire/ -- The China International Medical Equipment Fair (CMEF), organized by Reed Sinopharm Exhibitions, serves as an excellent bridge for brands wishing to enter the Chinese market. The 88th edition of this prestigious medical event will be held from October 28 to 31 at the Shenzhen World Exhibition and Convention Center. Exhibitors will present cutting-edge products and solutions to meet the important demand of the Chinese market.
With a total exhibition area of more than 200,000 square meters, the 88th edition of CMEF will bring together more than 4,000 exhibitors and 120,000 visitors from more than 120 countries, and will host more than 40 high-level forums. CMEF Shenzhen will push the medical equipment industry to the next level.
Unveiling the powerhouse: CMEF showcases the strengths, advantages and unique attributes of the thriving South China market
The terminal market size of China's medical equipment industry grew from 308 billion yuan in 2015 to 915.4 billion yuan in 2021, with a CAGR of 19.91%, driven by the expansion of medical insurance coverage, the increasing medical visits and establishing a multi-level system of medical institutions.
The Chinese medical equipment industry has developed several industrial centers and manufacturing belts, especially in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) in southern China, the Yangtze River Delta in eastern China and the Bohai Economic Rim in northern China, each with distinct regional characteristics.
With Shenzhen as the center, the R D and production of high-tech comprehensive medical equipment in GBA has great advantages. The main products developed in the region include medical imaging equipment (monitors, ultrasound diagnostic instruments, MRI, etc.), large stereotactic radiotherapy equipment (Gamma Knife, X-Knife) and tumor thermotherapy equipment. According to incomplete statistics, as of May 2022, Shenzhen had more than 1,300 medical device companies with an industrial output value exceeding 80 billion yuan. The compound annual growth rate (CAGR) from 2010 to 2019 was 12.7%, more than double the national average.
The size of China's medical equipment industry has reached 730 billion yuan and this growth is expected to continue. The Government has allocated 2.54 billion yuan to 508 key national clinical specialties, including increasing the number of beds from 6.5 per 1,000 population to 7.4-7.5 beds per 1,000 population, increasing the 15% to satisfy the demand for public health. As demand increases, requirements for technology, products and construction of healthcare systems increase.
CMEF is dedicated to industry trends, technological innovation and fostering future business and development opportunities, contributing to the global advancement of the medical equipment industry.
The 88th edition of CMEF brings together international medical equipment brands, distributors, agents, manufacturers, medical professionals, and industry and government representatives from across the industrial chain. It covers various sectors such as medical imaging, in vitro diagnostics, medical electronics, medical optics, hospital construction, operating rooms, disinfection and infection control, medical consumables and orthopedics.
Pre-register now for the 88th edition of CMEF at: https://reg.reed-sinopharm.com/h5/index.html
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