About Medical Devices sector in China
The Medical Devices sector in China comprises 1.15K companies, including 576 funded companies having collectively raised $6.66B in venture capital money and private equity. Out of these, 273 are Series A+ funded, and 2 have achieved unicorn status.
Medical Devices sector in China has seen 15 acquisitions and 29 IPOs.
This sector includes companies engaged in R&D for developing medical devices for the diagnosis and treatment of various medical conditions.
Companies included in Medical Devices
Medical devices used for treatment, screening, and diagnosis of diseases.Companies excluded in Medical Devices
Healthcare Service Providers, Digital Health Software Solutions (Apps and Web-based solutions), Traditional Medical Devices.Top Medical Devices Companies in China
There are more than 1.15K companies in Medical Devices in China. Peijia Medical Technologies is the top Medical Devices company in China, ranked using Tracxn Score (what's this?).
Here are 5 of the top Medical Devices companies in China:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Developer of medical devices for the treatment of cardiac and cerebrovascular diseases | Suzhou (China) | 2012 | Public | $110M | |
Transcatheter aortic valves | Hangzhou (China) | 2009 | Public | $37M | |
Developer and manufacturer of advanced medical imaging and radiotherapy equipment | Shanghai (China) | 2011 | Series B | $504M | |
Developer of smart medical devices for patients with heart valve diseases | Pudong (China) | 2015 | Public | $132M | |
Interventional medical devices to treat cardiovascular and peripheral vascular diseases. | Shenzhen (China) | 1999 | Public | $66.2M |
Companies founded year-on-year in the Medical Devices sector in China
83 Medical Devices startups in China were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 3 |
2023 | 8 |
2022 | 21 |
2021 | 48 |
2020 | 48 |
2019 | 50 |
2018 | 59 |
2017 | 83 |
Stage-wise distribution of Medical Devices sector companies in China
Out of the total 1,146 Medical Devices companies in China, 576 have secured funding. Among them, 273 have reached Series A or higher, and 160 to Series B or beyond.
Founded - 1,146
Funded - 576
Series A+ - 273
Series B+ - 160
Series C+ - 95
Company Stage | No. of companies |
|---|---|
Founded | 1,146 |
Funded | 576 |
Series A+ | 273 |
Series B+ | 160 |
Series C+ | 95 |
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Funding Trends in the Medical Devices sector in China
Total funding year-on-year in the Medical Devices sector in China
The Medical Devices sector in China saw a total funding of more than $6.14B in the last 10 years. The most amount of funding was in 2021 at more than $2.18B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $665M |
2024 | $189M |
2023 | $349M |
2022 | $728M |
2021 | $2.18B |
2020 | $601M |
2019 | $245M |
2018 | $400M |
2017 | $650M |
Recent Funding Rounds in Medical Devices in China
In the year 2025, till November 2025, Medical Devices companies in China have raised $665M in equity funding across 18 rounds.
In the same period last year (i.e. till November 2024), Medical Devices companies in China had raised $161M across 41 rounds.
So, 2025 has seen a 311.68% rise in funding in Medical Devices companies in China as compared to 2024.
Here are some recent, important funding rounds in Medical Devices companies in China:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series D | 5139 | Nov 10, 2025 | ||
Series A | 3319 | Nov 06, 2025 | and 3 more | |
Series B | 8064 | Oct 22, 2025 | and 5 more | |
Series B | 1790 | Sep 11, 2025 | ||
Series D | 6445 | Sep 05, 2025 |
Top Investors in Medical Devices in China
Orbimed is the top investor in Medical Devices companies in China based on number of companies invested.
Here are some top investors in Medical Devices companies in China:
Investor | Location | Top Portfolio Companies |
|---|---|---|
New York City (United States) | ||
Cork (Ireland) | ||
New York City (United States) | - | |
Hellerup (Denmark) | - | |
Menlo Park (United States) |
M&A activity in Medical Devices sector in China
In the year 2022, till September 2022, 3 acquisitions happened in Medical Devices sector in China. Last year, in 2021, a total of 2 acquisitions happened in Medical Devices sector in China.
Here are some recent, important acquisitions in Medical Devices sector in China:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Acqui-Hired | Sep 15, 2022 | ||
Acqui-Hired | Sep 15, 2022 | ||
Business Acquisition | Feb 07, 2022 | ||
Business Acquisition | Nov 01, 2021 | ||
Business Acquisition | May 19, 2021 |
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Acquisition trends in Medical Devices sector in China
Here are the acquisition trends in Medical Devices sector in China:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 3 |
2021 | 2 |
2020 | 1 |
2019 | 2 |
2018 | 1 |
2017 | 1 |
IPOs in Medical Devices in China
In the year 2026, till January 2026, 1 IPO happened in Medical Devices sector in China.
Here are some recent, important IPOs in Medical Devices sector in China:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jan 08, 2026 | Hong Kong Exchanges (HKG) | |
Dec 22, 2025 | Hong Kong Exchanges (HKG) | |
Sep 28, 2023 | Hong Kong Exchanges (HKG) | |
Apr 10, 2023 | Shenzhen Stock Exchange (SZSE) | |
Jan 06, 2023 | Taipei Stock Exchange (TT) |
Colleges which produce the most Medical Devices companies in China
Companies founded by alumni from top colleges in the Medical Devices in China
Most number of Medical Devices startups in China have been founded by alumni from University of Cambridge, Hong Kong University of Science and Technology (HKUST) and Tsinghua University.
College | No. of companies |
|---|---|
University of Cambridge | 5 |
Hong Kong University of Science and Technology (HKUST) | 4 |
Tsinghua University | 4 |
Harvard University | 3 |
Stanford University | 3 |
University of California (Berkeley) | 2 |
Imperial College London | 1 |
Massachusetts Institute of Technology | 1 |
Nanyang Technological University (NTU) | 1 |
Stanford Business School | 1 |
Total funding in Medical Devices companies founded by alumni from top colleges in China
In the last 10 years, Stanford University graduates' Medical Devices companies in China have raised the most funding among top colleges. University of Cambridge alumni are second, and Harvard University alumni are third.
College | Total Funding |
|---|---|
Stanford University | $22.4M |
University of Cambridge | $15.5M |
Harvard University | $15.3M |
Stanford Business School | $15.3M |
University of California (Berkeley) | $15.3M |
Tsinghua University | $13.9M |
University of Edinburgh | $3.8M |
University of Oxford | $3.8M |
Hong Kong University of Science and Technology (HKUST) | $175K |
Imperial College London | - |
Top News in Medical Devices in China
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Sinocare Pulls FDA Submission for CGM, Shifts Focus to Next-Gen SystemDrug Delivery Business•Aug 14, 2025•Sinocare
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YolTech Therapeutics Receives FDA Clearance for YOLT-101 IND ApplicationPR Newswire•Jun 06, 2025•YolTech
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Shanghai United Imaging aims global expansion with focus on Southeast AsiaChina Daily•May 30, 2025•United Imaging Healthcare
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LifeQ and BlueZone Launch Advanced Wearable Health Tech in Mainland Chinaaccessnewswire.com•May 07, 2025•LifeQ, Nanjing JULAI SHIXUN Technology co., ltd.
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United Imaging's Cutting-Edge PET/CT Scanner Arrives in FloridaPR Newswire•Apr 10, 2025•United Imaging Healthcare
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