China's medical instrument industry has become a "sunrise industry," with a considerable market size of 400 billion yuan ($63.3 billion), according to a Chinese medical expert.
Moreover, it is expanding by 20 percent year-on-year, Fan Yubo, president of Chinese Society of Biomedical Engineering, said Monday at the 2012 World Congress on Medical Physics and Biomedical Engineering held in Beijing.
However, Fan noted that China still relies heavily on imported high-end sophisticated medical instruments.
"Almost all the artificial knee joints and cardiac pacemakers used in this country are Western imports," Fan said.
Nonetheless, an increasingly number of mid-end ones can be produced domestically and China also exports certain products to other countries, the expert said.
The standard of China's products such as patient monitoring and life support devices, in-vitro diagnostic instruments and medical imaging systems are at an internationally advanced level, Fan said.
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