Research on Covid-19 Impact on China’s Medical Devices Industry’s Supply Chain

Abstract

Covid is the most important black swan event that happened in recent years. As covid changed the consumption habit of medical devices, and the crisis has made people reflect on the minimal storage supply chain strategy. This will reshape the medical devices industry dramatically. Therefore, industry players are looking for new revenue sources. Thus, prevention will become the unique growth point. This paper used the comparative analysis and the focus group and discovered that China first experienced a shock after the covid. However, China recovered quickly, and export in China benefited from it since Covid-19 spread to the whole world. China’s medical devices have great potential, and China will not be replaced even in the low-end medical devices market. Generally, the more severe the covid outside China, the more supply will be exported. This paper will also help companies to prepare for other unexpected events. This industry will greatly change the supply chain and is also worth investing in among the generally slow macroeconomy growth.