Asia Pacific Medical Device Market- Segmentation, Market Share, Size, and Forecast to 2024

Asia Pacific Medical Device Market- Segmentation, Market Share, Size, and Forecast to 2024

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Asia Pacific medical device market is anticipated to grow at CAGR XX% during forecast period 2017-2024. Medical devices market growth in Asia Pacific is fuelled by rising aging population, high incidence of chronic diseases, low manufacturing costs for devices, healthy economic outlook, increasing number of health insurance users, changing regulatory background and rising wages. Other factors like frugal spending, lack of clarity in regulatory framework & reimbursements policies, and increasing competition whilst falling profit margins, would challenge medical device market growth in Asia Pacific. According to World Population Review, Asia Pacific account for 60% of global population in 2018. Overall probability of chronic disease incidence in Asia Pacific is high. Asia Pacific Medical Technology Association states more than 60% of the world’s respiratory diseases and half of the global chronic diseases are found in Asia Pacific. Moreover, by 2025, geriatric population in Asia Pacific is anticipated to touch over a billion. High percentage of old population would drive demand for therapeutic treatment & devices in the long run. In order to tackle aging & chronic diseases across the population, Asia Pacific countries have increased their healthcare expenditure. Healthcare expenditure in Asia Pacific is anticipated to grow an average of 11.2% YoY, according to OBRC analysis. Government and public bodies are looking forward to invest in expanding healthcare services through hospitals and clinics. Urban areas particularly in tier 1 and tier 2 cities across Asia Pacific, private hospitals are expanding rapidly whilst availability of private equity funding. The expansion of private healthcare institutions paves way for rising demand healthcare products in the region.

Expanding middle class population has been the key driving factor for economic growth in Asia Pacific. According to Brooking Institutes, middle class population are defined by people whose daily expenditures tend to fall between $10 and $100 per day in purchasing power parity (PPP) terms. Brookings Institute anticipates that Asia Pacific will account for large share (around 54%) of upper-middle class population (1.7 billion) across the globe by 2020. The figure is far higher compared to Europe (703 million, 22%) and North America (333 million, 10%). Increasing PPP creates a positive ecosystem with respect sales of medical devices.

Asia Pacific medical device market report is segmented on the basis of technology, application, function, and end-users. Technology segment is classified on the basis of drug delivery systems, in-vitro diagnostics and imaging systems. Application segment is segmented into general medical devices, cardiovascular devices, surgical & infection control devices, home healthcare devices, orthopaedic devices and others. General medical device segment is anticipated to grow with highest CAGR for the forecast period, whilst rising healthcare investment across the region. Similarly, on the basis of function, the market is further segmented in terms of surgery, diagnostic & monitoring, therapeutic and other. Diagnostic & monitoring segment is expected to witness highest growth for forecasted period 2017-2024. The segment growth is aided by increasing health conscious population. By end-user, the market is segmented into hospitals, research institutions, labs, clinics, and others. Hospitals accounted for largest share of medical devices vis-a-vis rising procurements of devices & allied equipment.

China is amongst the biggest markets for medical devices in Asia Pacific. Medical devices market growth in Asia Pacific is fuelled by rising wages, high incident rates of chronic diseases, positive economic outlook, and rising wages are the factors driving medical devices market growth in China. International Trade Association statistics showed that medical devices market in China to reach up $53.6 billion for FY 2017. Some of the other key markets for medical devices in Asia Pacific are India, Japan, Singapore, Australia and South Korea.

Some of the key international players within Asia Pacific medical device market include Medtronic Public Ltd Co. (USA), Johnson & Johnson (USA), General Electric Co. (USA), Siemens AG (Germany), Cardinal Health Inc. (USA), Baxter International Inc. (USA), Coidien PLC (Ireland) and Koninklijke Philips Electronics NV (Ireland). Other key domestic players within the industry are CGbio Inc. (South Korea), JW Medical (South Korea), Olympus Terumo Biomaterials Corp (Japan), Terumo Ltd (Japan), JMS Co. Ltd (Japan), Tokai Medical Products Inc. (Japan), Sutures India (India), Atlas Surgical (India), Auxien Medical (India), Triage Meditech Pvt Ltd (India), Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. (China), Microport Scientific Corp. (China), Lepu Medical (China), Sutherland Medical (Australia), PolyNovo Ltd (Australia) and Allegra Othropedics (Australia). Mergers & acquisitions and collaborations are some of the key strategies adopted by medical devices manufacturing institutions in the region.

 

 

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License Type

Single User APAC, Site License APAC

    1. INTRODUCTION
      • EXECUTIVE SUMMARY
      • ESTIMATION METHODOLOGY
    2. MARKET OVERVIEW
      • MARKET DEFINITION AND SCOPE
      • VALUE CHAIN ANALYSIS
      • KEY BUYING CRITERIA
      • PORTER’S 5 FORCE MODEL
      • KEY MARKET TRENDS
        • PIPELINE ANALYSIS
        • R&D SCENARIO
        • REGULATORY FRAMEWORK
      • PARAMETRIC ANALYSIS
      • KEY MARKET INSIGHTS
        • TOP 3 EMERGING COUNTRIES
        • TOP 3 REVENUE GENERATING SEGMENTS
        • TOP 3 EMERGING SEGMENTS
      • COMPETITIVE INTELLIGENCE
        • MARKET SHARE ANALYSIS
        • TOP WINNING STRATEGIES
        • CASE STUDY: TOP COMPETITIVE MOVES
      • STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS
        • INVESTMENT OPPORTUNITIES BY REGIONS
        • OPPORTUNITIES IN EMERGING APPLICATIONS
        • INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT
    1. MARKET DETERMINANTS
      • MARKET DRIVER
        • LARGE POPULATION BASE
        • AGING POPULATION
        • EXPANDING URBAN POPULATION
        • HIGH INCIDENCE RATE OF ACUTE & CHRONIC DISEASES
        • LOW MANUFACTURING COST PROSPECTS
        • POSITIVE ECONOMIC OUTLOOK
        • INCREASING HEALTHCARE EXPENDITURE
        • CHANGING REGULATORY LANDSCAPE
        • RISING INCOME LEVELS
      • MARKET RESTRAINTS
        • FRUGAL SPENDING
        • LACK OF REIMBURSEMENT POLICIES
      • MARKET OPPORTUNITIES
        • EMERGING MARKETS LIKE INDIA AND CHINA
        • STEADILY GROWING ASEAN ECONOMIES
      • MARKET CHALLENGES
        • INTENSE COMPETITION
        • LACK OF CLARITY IN REGULATORY POLICIES
        • INSUFFICIENT INFRASTRUCTURE
    1. MARKET SEGMENTATION
      • APAC MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY DRUG DELIVERY SYSTEMS 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY IN VITRO DIAGNOSTICS 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY IMAGING SYSTEMS 2015-2024 ($ MILLION)
      • APAC MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY GENERAL MEDICAL DEVICES 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY CARDIOVASCULAR DEVICES 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY SURGICAL & INFECTION CONTROL DEVICES 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY HOME HEALTHCARE DEVICES 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY ORTHOPEDIC DEVICES 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY OTHERS 2015-2024 ($ MILLION)
      • APAC MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY SURGERY 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY DIAGNOSTIC & MONITORING 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY THERAPEUTIC 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY OTHERS 2015-2024 ($ MILLION)
      • APAC MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY HOSPITALS 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY RESEARCH INSTITUTIONS 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY LABS 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY CLINICS 2015-2024 ($ MILLION)
        • APAC MEDICAL DEVICE MARKET BY OTHERS 2015-2024 ($ MILLION)
    1. APAC LEVEL SEGMENTATION
      • CHINA MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
      • INDIA MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
      • KOREA MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
      • JAPAN MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
      • AUSTRALIA MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
      • THAILAND MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
      • REST OF ASIA PACIFIC MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
    2. GLOBAL VS APAC MARKET “A COMPARATIVE STUDY”
      • DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
      • COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
      • OPPORTUNITY MATRIX
      • GLOBAL VS APAC MARKET
      • S. VS APAC MARKET
      • EUROPE VS APAC MARKET
      • ROW VS APAC MARKET
    3. COMPANY PROFILES
      • MEDTRONIC PUBLIC LTD. CO.
      • JOHNSON & JOHNSON
      • GENERAL ELECTRIC CO.
      • SIEMENS AG
      • CARDINAL HEALTH INC.
      • BAXTER INTERNATIONAL INC.
      • COIDIEN PLC
      • KONINKLIJKE PHILIPS ELECTRONICS NV
      • TOKAI MEDICAL PRODUCTS INC.
      • TRIAGE MEDITECH PVT. LTD.
      • SUTHERLAND MEDICAL
      • JIANGSU YUYUE MEDICAL EQUIPMENT & SUPPLY CO. LTD.
      • SUTURE INDIA
      • ATLAS SURGICAL
      • TERUMO LTD.

    LIST OF TABLES

    1. APAC MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
    2. APAC MEDICAL DEVICE MARKET BY DRUG DELIVERY SYSTEMS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    3. APAC MEDICAL DEVICE MARKET BY IN VITRO DIAGNOSTICS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    4. APAC MEDICAL DEVICE MARKET BY IMAGING SYSTEMS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    5. APAC MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    6. APAC MEDICAL DEVICE MARKET BY GENERAL MEDICAL DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    7. APAC MEDICAL DEVICE MARKET BY CARDIOVASCULAR DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    8. APAC MEDICAL DEVICE MARKET BY SURGICAL & INFECTION CONTROL DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    9. APAC MEDICAL DEVICE MARKET BY HOME HEALTHCARE DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    10. APAC MEDICAL DEVICE MARKET BY ORTHOPEDIC DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    11. APAC MEDICAL DEVICE MARKET BY OTHERS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    12. APAC MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
    13. APAC MEDICAL DEVICE MARKET BY SURGERY ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    14. APAC MEDICAL DEVICE MARKET BY DIAGNOSTIC & MONITORING ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    15. APAC MEDICAL DEVICE MARKET BY THERAPEUTIC ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    16. APAC MEDICAL DEVICE MARKET BY OTHERS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    17. APAC MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
    18. APAC MEDICAL DEVICE MARKET BY HOSPITALS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    19. APAC MEDICAL DEVICE MARKET BY RESEARCH INSTITUTIONS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    20. APAC MEDICAL DEVICE MARKET BY LABS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    21. APAC MEDICAL DEVICE MARKET BY CLINICS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    22. APAC MEDICAL DEVICE MARKET BY OTHERS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    23. APAC MEDICAL DEVICE MARKET ACROSS GEOGRPAHY 2015-2024 ($ MILLION)
    24. CHINA MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
    25. CHINA MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    26. CHINA MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
    27. CHINA MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
    28. INDIA MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
    29. INDIA MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    30. INDIA MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
    31. INDIA MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
    32. AUSTRALIA MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
    33. AUSTRALIA MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    34. AUSTRALIA MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
    35. AUSTRALIA MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
    36. KOREA MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
    37. KOREA MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    38. KOREA MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
    39. KOREA MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
    40. THAILAND MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
    41. THAILAND MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    42. THAILAND MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
    43. THAILAND MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
    44. ROAPAC MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
    45. ROAPAC MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    46. ROAPAC MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
    47. ROAPAC MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
    48. GLOBAL MEDICAL DEVICE MARKET BY TECHNOLOGY 2015-2024 ($ MILLION)
    49. GLOBAL MEDICAL DEVICE MARKET BY DRUG DELIVERY SYSTEMS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    50. GLOBAL MEDICAL DEVICE MARKET BY IN VITRO DIAGNOSTICS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    51. GLOBAL MEDICAL DEVICE MARKET BY IMAGING SYSTEMS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    52. GLOBAL MEDICAL DEVICE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    53. GLOBAL MEDICAL DEVICE MARKET BY GENERAL MEDICAL DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    54. GLOBAL MEDICAL DEVICE MARKET BY CARDIOVASCULAR DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    55. GLOBAL MEDICAL DEVICE MARKET BY SURGICAL & INFECTION CONTROL DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    56. GLOBAL MEDICAL DEVICE MARKET BY HOME HEALTHCARE DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    57. GLOBAL MEDICAL DEVICE MARKET BY ORTHOPEDIC DEVICES ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    58. GLOBAL MEDICAL DEVICE MARKET BY OTHERS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    59. GLOBAL MEDICAL DEVICE MARKET BY FUNCTION 2015-2024 ($ MILLION)
    60. GLOBAL MEDICAL DEVICE MARKET BY SURGERY ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    61. GLOBAL MEDICAL DEVICE MARKET BY DIAGNOSTIC & MONITORING ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    62. GLOBAL MEDICAL DEVICE MARKET BY THERAPEUTIC ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    63. GLOBAL MEDICAL DEVICE MARKET BY OTHERS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    64. GLOBAL MEDICAL DEVICE MARKET BY END-USERS 2015-2024 ($ MILLION)
    65. GLOBAL MEDICAL DEVICE MARKET BY HOSPITALS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    66. GLOBAL MEDICAL DEVICE MARKET BY RESEARCH INSTITUTIONS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    67. GLOBAL MEDICAL DEVICE MARKET BY LABS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    68. GLOBAL MEDICAL DEVICE MARKET BY CLINICS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
    69. GLOBAL MEDICAL DEVICE MARKET BY OTHERS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)

    LIST OF FIGURE

    1. APAC MEDICAL DEVICE MARKET BY DRUG DELIVERY SYSTEMS 2015-2024 ($ MILLION)
    2. APAC MEDICAL DEVICE MARKET BY IN VITRO DIAGNOSTICS 2015-2024 ($ MILLION)
    3. APAC MEDICAL DEVICE MARKET BY IMAGING SYSTEMS 2015-2024 ($ MILLION)
    4. APAC MEDICAL DEVICE MARKET BY GENERAL MEDICAL DEVICES 2015-2024 ($ MILLION)
    5. APAC MEDICAL DEVICE MARKET BY CARDIOVASCULAR DEVICES 2015-2024 ($ MILLION)
    6. APAC MEDICAL DEVICE MARKET BY SURGICAL & INFECTION CONTROL DEVICES 2015-2024 ($ MILLION)
    7. APAC MEDICAL DEVICE MARKET BY HOME HEALTHCARE DEVICES 2015-2024 ($ MILLION)
    8. APAC MEDICAL DEVICE MARKET BY ORTHOPEDIC DEVICES 2015-2024 ($ MILLION)
    9. APAC MEDICAL DEVICE MARKET BY OTHERS DEVICES 2015-2024 ($ MILLION)
    10. APAC MEDICAL DEVICE MARKET BY SURGERY 2015-2024 ($ MILLION)
    11. APAC MEDICAL DEVICE MARKET BY DIAGNOSTIC & MONITORING 2015-2024 ($ MILLION)
    12. APAC MEDICAL DEVICE MARKET BY THERAPEUTICS 2015-2024 ($ MILLION)
    13. APAC MEDICAL DEVICE MARKET BY OTHERS 2015-2024 ($ MILLION)
    14. APAC MEDICAL DEVICE MARKET BY HOSPITALS 2015-2024 ($ MILLION)
    15. APAC MEDICAL DEVICE MARKET BY RESEARCH INSTITUTIONS 2015-2024 ($ MILLION)
    16. APAC MEDICAL DEVICE MARKET BY LABS 2015-2024 ($ MILLION)
    17. APAC MEDICAL DEVICE MARKET BY CLINICS 2015-2024 ($ MILLION)
    18. APAC MEDICAL DEVICE MARKET BY OTHERS 2015-2024 ($ MILLION)
    19. CHINA MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
    20. INDIA MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
    21. KOREA MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
    22. JAPAN MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
    23. AUSTRALIA MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
    24. THAILAND MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)
    25. REST OF ASIA PACIFIC MEDICAL DEVICE MARKET 2015-2024 ($ MILLION)

     

     

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