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Medical Devices Market in APAC 2008-2012
Infiniti Research Limited, Jan 2010, Pages: 23
The APAC market is witnessing a tremendous growth; especially in countries such as China, Australia, India, Korea, Taiwan etc. The expansion of the healthcare sector and the new regulations for medical devices in these countries offers expansion opportunities for this market. Further, countries like Malaysia, Hong Kong, Singapore, and Thailand also represent the developing markets and holds potential. However, Philippines and Indonesia are still in the phase of development and are highly dependent on imports.
The APAC market comprises both local and international manufactures. Though the local manufacturers are coming up with advanced Medical devices in the APAC region, the high end market is dominated by the Japanese, German, and American manufactures.
Increased healthcare spending and the need for medical devices can be accounted to the growth in the aging population. As people live longer, there is a growing demand for devices such as orthopedic, cardiovascular & ophthalmic, and diagnostic imaging products; etc. Also, the changing lifestyles of people have led to the predominance of chronic diseases of vital organs; thereby increasing the need for Medical devices.
The report by TechNavio Insights forecasts the size of the medical devices market in APAC over the period 2008-2012. Further, it discusses the key market trends, drivers and challenges of the medical devices market in APAC market and profiles some of the key vendors of this industry
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