By Lili WangThe number of Chinese medical devices imported into the U.S. is on track to be the highest ever for a single year, according to data compiled by the medical equipment maker MedTech.
The Chinese company has seen a steady rise in demand over the past year and a half, fueled by a glut of high-tech medical equipment that has come into the country from countries like India, the United States, and Europe.
MedTech, the world’s largest medical device maker, said it sold 1.6 million units of the $3.3 billion MedTech Healthcare Healthcare Inc. unit, up from 1.4 million in July.
The company expects to sell more than 5.6 billion units of its medical equipment this year, including medical devices for patients in the U, U.K., Australia, and New Zealand, the company said in a statement.
Medtech Healthcare said in August that its medical products and services unit would be sold for $1.2 billion to raise additional capital.
The unit will include a range of high tech medical devices, including X-ray machines, pacemakers, and other devices.
Medosource, the U inked deal with MedTech to acquire a large share of the company, said in September it had raised $1 billion in financing led by Goldman Sachs Group Inc. and Deutsche Bank AG.
The deal includes Medtech, which is owned by Alibaba Group Holding Ltd., the largest e-commerce and technology company in China.
Medicsource is owned, by Chinese regulators, by a consortium of pharmaceutical, medical device, and pharmaceutical equipment manufacturers.
Its business is largely driven by the U’s demand for high-technology medical devices.
The company has been expanding its reach overseas by selling medical devices in the United Kingdom, India, and Brazil.
The U.k. government has allowed MedTech healthcare to expand into other countries, including Australia, the European Union, and the U and U.A.E., MedTech said in May.
Med Tech Healthcare said that the Chinese government has provided some financing to help Medtech healthcare.
The funding, the firm said, will help the company grow its business in the next five years.