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Gonzalez, J. (2026, October 22). China medtech exports surge, challenging global incumbents. Semafor. https://www.semafor.com/article/10/22/2026/china-medtech-exports-surge-challenging-global-incumbents
Gonzalez, Jeronimo. “China medtech exports surge, challenging global incumbents.” Semafor, 22 Oct. 2026, https://www.semafor.com/article/10/22/2026/china-medtech-exports-surge-challenging-global-incumbents.
Gonzalez, Jeronimo. “China medtech exports surge, challenging global incumbents.” Semafor, October 22, 2026. https://www.semafor.com/article/10/22/2026/china-medtech-exports-surge-challenging-global-incumbents.
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Chinese medical equipment manufacturers, particularly United Imaging Healthcare from Shanghai, are rapidly gaining ground against established Western competitors like GE, Siemens, and Philips in global markets. These Chinese companies offer CT scanners that can complete full-body scans in just five minutes compared to the 20 minutes required by conventional machines. Supported by government policies such as mandates for some Chinese hospitals to use domestic products, China's medical equipment exports surged to over $24 billion last year. Despite this success, gaining global market trust remains a challenge; a Hong Kong hospital CEO told Nikkei that while they are not switching suppliers entirely, they are diversifying their procurement.
Chinese medical equipment makers are increasingly challenging US, European, and Japanese competitors in hospitals around the world, extending Beijing’s technological prowess to yet another industry.
Policy support — including mandating some Chinese hospitals to use domestic products — has lifted the industry, with China’s exports of hospital equipment hitting more than $24 billion last year.