Along with the rapid economic growth, people's living standards gradually improve, pay more and more attention to health issues, and spend more and more on healthcare, according to the National Bureau of Statistics, healthcare spending increased from 1,451 yuan in 2017 to 2,120 yuan in 2022. At the same time, China's aging is intensifying and there is a greater demand in medical care, with data showing that the population aged 65 and above is also showing a growing trend, increasing from 159.61 million to 209.78 million. The gradual growth of demand has prompted a continuous increase in medical equipment, and the market size of medical consumables will gradually expand.

In 2021, in terms of national policy support and the importance people attach to health, China's medical device industry is showing faster development, from its market scale structure, the proportion of medical equipment reached the highest, at 59.34%, while medical consumables are divided into high-value medical consumables and low-value medical consumables according to their value, of which high-value medical consumables account for a relatively high proportion, at 16.43%, followed by low-value Medical consumables, accounting for 12.5%, and in vitro diagnostics (IVD) accounted for 11.70%.

Due to the wide variety and large number of medical consumables in China, there is no unified classification standard for medical consumables at this stage, however, according to the value of medical consumables in practical application, they can be generally divided into low-value medical consumables and high-value medical consumables.

At present, medical consumables for injection and puncture can be divided into infusion, puncture, nursing, specialty and consumer categories, and their application fields are very extensive. With the influence of factors such as the gradual aging of the population and the increase in the number of treatment, the demand for injection and puncture products is gradually rising, and the future development potential is huge, and the market scale shows a stable growth.

In recent years, medical supplies by the influence of downstream demand, the market size shows a year-on-year growth, from 140.4 billion yuan in 2017 to 269 billion yuan in 2021, it is expected that in the future, with the increase in the aging population, the incidence of various chronic diseases climbing year by year, the number of medical institutions and the number of hospitalization is rapidly increasing.