Chinese medical equipment makers set to step up output as fresh wave of coronavirus sweeps the world

Chinese medical equipment makers set to step up output as fresh wave of coronavirus sweeps the world

A resurgence in the Covid-19 pandemic globally has given Chinese medical equipment manufacturers an opportunity to grow their market share, say company executives and analysts.

With ramped up production and closer ties to overseas customers fostered earlier this year, they expect makers of medical devices from ventilator accessories to virus testing kits to reap greater success after a bumper first half.

At the same time, the companies are wary of the rising global hostility towards China amid calls to reduce reliance on Chinese medical supplies, which could potentially limit the home-grown champions’ overseas ambitions in the longer term.

“As we are expecting another wave of the pandemic, we continue to see demand for our devices and disposables from European countries and we believe the demand will remain at a high level for the rest of the year,” said To Ki-cheung, chief executive of Vincent Medical Holdings, a Hong Kong-listed maker of respiratory equipment with production lines in mainland China, in a recent interview.