Medical device manufacturers display their latest technology

The medical device market in China, the world's second-largest economy, is experiencing enormous growth as demand rises for upgrades of hospital equipment.

The China International Import Expo offers an excellent platform for multinational medical device companies to demonstrate their cutting-edge technologies and products, according to executives.

Last year, China's medical device market was worth about 458 billion yuan ($66.4 billion). In the past decade, the annual average compound growth rate of the country's medical device sector was 24 percent, while the global rate was 5 percent, according to a report by TF Securities.