In recent years, due to the medical stainless steel market, some private, joint ventures, joint-stock enterprises have developed medical stainless steel, annual sales have increased substantially, its products are also mainly used for medical machinery and other industries, enterprise production and sales, business is booming. According to industry insiders, through reform and opening up, China’s medical machinery industry has formed a full range of products, with a large production scale and technical basis and a certain market competitiveness of the industrial system, can produce 47 categories, more than 3,000 varieties, more than 11,000 specifications of products.
The Chinese healthcare market is now likely to experience explosive growth similar to that of the United States in the 1970s. By 2005, the total value of China’s medical consumer market will reach 640 billion yuan. By then, the widespread use of high technology in medical device products, the demand for medical stainless steel will continue to increase, and the future market outlook is promising.