Shenzhen boasts a leading concentration of medical device enterprises above designated size across the country, with 95 companies generating output values exceeding one billion yuan ($138.3 million), topping the list among major cities nationwide. Both the total output value of these medical device enterprises and the market capitalization of listed companies occupy the top spot in the country. Additionally, Shenzhen currently has 140 biomedical enterprises above designated size, including 11 listed companies. Among these, eight have revenues exceeding one billion yuan ($138.3 million), and four have revenues surpassing ten billion yuan ($1.38 billion).

Medical devices and biomedicine are closely intertwined with human health, serving as two essential components of safeguarding people's livelihoods. They are also key industries that Shenzhen prioritizes in its efforts under the "20+8" industrial strategy. In recent years, Shenzhen's medical device industry has sustained its competitive edge and continued to show positive growth, while the biomedical industry has experienced accelerated innovation.