Asia pacific is a hot spot for medical device companies worldwide. The association of southeast asian nations asean was established on 8 august 1967. Apac region presents an immense commercial opportunity for biopharma, medical device. The most exciting region in asia for pharma and medical devices. Us intl trade commission chinas medical equipment exports 0 500 1,000 1,500 2,000. No matter the stage of your expansion into asia, our experts can help grow your medical device business. The thai government intends to make thailand an international health key driver of medical devices growth. This statistic shows the market size of the medical devices market in the asia pacific region from 2016 to 2020, measured in billion u. Asia pacific, however, presents unique opportunities for medical device producers. The congress is attended by highly influential and experienced professionals. A comprehensive analysis of device types, end users and geography segments enables the identification of growth opportunities within the asia pacific home healthcare market.
Shaping asias healthcare for tomorrow quadria capital. Trends, opportunities, and forecast in medical device market to 2025 by application surgical and infection control devices, general medical devices, cardiovascular devices, orthopedic devices, home healthcare devices, and other devices, by function diagnostic and monitoring, therapeutic, surgical and other devices, by end use homecare medical device and hospital and ambulatory care. Canons takeover of toshiba medical systems moved the largest maker of cameras into the top 30 medical device players globally and to number one in medical imaging in japan. Opportunities in the asian medical device markets presentation. Eighth asia pacific pharmaceutical and medical device compliance congress exhibit and sponsorship opportunities take advantage of this unique opportunity to expand your reach. Medical devices opportunities in the netherlands why the netherlands. This market insight aims to profile select medical device. Overview of the medical device market in japan youtube. Opportunities and pitfalls for connected medical devices. Korean medical devices market is third largest in asia continent.
The networks membershipbased operations cover asiapacific, the middle east. A substantial portion of medical device and lab equipment exports are sent to other parts of africa, with 12 african nations featuring in its top 20 export destinations last year. Overview the asia pacific apac medical device market is proving to be very promising for clients amidst prevalent market conditions and in comparison, to existing traditional markets. The analysis also captures regional trends and identifies areas of opportunities. Product registration in asia can be a daunting task. The most exciting region in asia for pharma and medical devices by robert hall with an economic potential still largely untapped, the greater mekong region gmr should be front and center in the plans of any pharma, medical device, or biotech organization looking to expand its market in asia. Pharmaceutical jobs and careers in the asia pacific region. Five trends to watch in the medical device industry mercer. Each asian country has its own unique product registration requirements and classification systems. Advamed has partnered with skp to publish this paper entitled medical device industry in india the evolving landscape, opportunities and challenges. What trends offer opportunities on the european medical. It was organized by asia pacific medical technology association apacmed in order.
We look ahead to the opportunities for medtech companies, governments. Press release nitinolbased medical device market 2020 to 2024 opportunities, industry news and policies by regions and companies 360 market updates. Medical device and pharmaceutical jobs in australia. Connected medical devices can provide new forms of diagnostic services that may be too. Pacific often speaks in terms of the oneness of asia, with only secondary.
Asia pacific medical device regulatory certificate. For a visual look at the problems facing healthcare delivery in the asiapacific region, as well as opportunities for global medtech companies to address the growing demands, download our infographic pdf 74kb. Top medical device trends in asia pacific and around the world. Diagnostic imaging, consumables, and other medical devices form 86% of total export trade for indian medical devices industry in fy 201617. Introduces singapores emerging advantages in medical device production and outlines opportunities for investment and likely challenges for investors.
Medtech in asia committing at scale to raise standards of care for patients authored by. Japan ranks as the third biggest medical device market after the united. Medical device market by application, function, end use. Growth opportunities in the european medical devices market and entry modes in medtech manufacturing 18 march 2010 2. Asia pacific offers unparalleled opportunities for medical device players that are willing to rethink their business models and introduce marketappropriate products. May 26, 2016 this statistic shows the market size of the medical devices market in the asiapacific region from 2016 to 2020, measured in billion u. You can change your consent settings at any time by unsubscribing or. We have offices in shanghai, tokyo, singapore, and hong kong, and. Canons takeover of toshiba medical systems moved the largest maker of cameras into the top 30 medicaldevice players globally and to number one in medical imaging in japan. Although asian countries like japan, china and south korea are foremost in the medical devices sector there is a sufficient opportunity in. We maintain our forecast in local currency terms and project that the medical device market will expand by a 20182023 cagr of 9. This presentation provides an overview of important business and regulatory issues to consider for medical device companies interested in asia.
The lessdeveloped countries may not be able to afford to pay for new western medtech technologies. In addition, it provides advice to foreign suppliers with ambitions to enter vietnams market. Challenges and opportunities for healthcare in asia pacific. Medical devices are segregated into six major segments, of which equipment and instruments surgical and nonsurgical form the largest portion 53% of the pie in india. Medical device technologies market growth, trends, and. China has an immense interest in australian experience, intellectual. Medical devices 2030 making a power play to avoid the commodity trap thriving on disruption series while the outlook for medical device companies appears positive, unsustainable healthcare costs and new competitive forces threaten to alter the future industry landscape. Company has examined and analyzed the opportunities and obstacles facing the. The global wearable medical devices market is likely to expand considerably in the coming years due to the incorporation of technologies such as the. Collaboration the future of innovation for the medical device. Medtech in asia committing at scale to raise standards. Pacific bridge medical can assist you in registering your medical device products.
Apac has a few stringent regulatory agencies, which include the pharmaceuticals and medical devices agency pmda japan, the ministry of food and drug safety mfds, south korea, the therapeutic goods. The united statesjapan alliance is a cornerstone of u. We have helped hundreds of medical device companies with business development and regulatory affairs in asia since our founding in 1988. Medical devices registration, classification, asia pacific. We found this great quote from steve levine, the senior director of product strategy and the executive director of the living heart project at dassault. Japan is the largest market for medical devices in asia. For a visual look at the problems facing healthcare delivery in the asia pacific region, as well as opportunities for global medtech companies to address the growing demands, download our infographic pdf 74kb. Medical device market by application, function, end use and. Medtech in asia 9 opportunities for industrywide collaborations. Key medical device companies in asiapacific 20162017. The language used to describe medical device business opportunities in asia.
Innovating business models in the medical device industry. The member states of the association are brunei darussalam, cambodia, indonesia, lao pdr, malaysia, myanmar, philippines, singapore, thailand and viet nam. By creating an innovative manual drill mechanism, among other features, the. The flap gets transplanted to a defect area, where artery. Demand for medical and surgical equipment will continue to be spurred by the rapid expansion of the healthcare sector and rising household purchases in light of increasing annual disposable incomes, an expanding middle class, and. Thailand is the 8th largest medical device market in the apac region valued at 1. Various sources espicom predict that the market will increase in size by. Trends on the european medical devices market 2017 download as pdf.
In plastic surgery a common procedure is to take tissue from a donor side together with an artery and a vein supporting this tissue flap. Meeting growing asiapacific demand for medical technology. Opportunities in the medical equipment market india. This paper looks at the factors behind the attractiveness of asia pacific for medical device development and commercialization and what companies should consider to take advantage of opportunities in the region. The paper also examines various policies and regulations impacting the. We have helped hundreds of medical device companies with business development and regulatory affairs in asia since our. Research project developed with a coauthor during graduate studies. Mda is the key media partner major international events around the world. Growth opportunities in the european medical devices. One of the biggest issues is pricing, because new western medical technology tends to be expensive. The medical device technologies market is estimated to witness a cagr of around 7.
Certain factors that are driving the market growth include rising prevalence of chronic diseases and related increase in disabilityadjusted life years, technological advancements in medical devices, and consistent increase in the aging population. Asia actual asia medical device registration regulatory. Though japan has less than onetenth 110 the population of china, the japanese spend more. To view these presentation slides, please click on opportunities in the asian medical device markets presentation table of. Having been at home in asia for more than 150 years, we have developed a deep understanding of the market. Opportunities in the asian medical device markets mdma. Dublinbusiness wirethe key medical device companies in asia pacific 2016 report has been added to research and markets offering. Asia actual provides sales channel and regulatory support to medical device and ivd manufacturers seeking improved performance in asian markets. Medical device act, 2012 with the enforcement of the medical device act 2012, all medical devices manufactured, imported or sold in malaysia are required to be registered with the medical device authority mda, a body under the ministry of health malaysia responsible in regulating the medical devices industry.
Innovative device transplant monitoring highter safely in plastic surgery. Medical device contract manufacturing market 2019 global. Medical device export business development objectives. This presents an exciting opportunity to develop this industry and to play a larger role in. Medical device industry in india investment opportunities. The medtech opportunity for japanese companies mckinsey. Amit agarwal axel baur shan he franck le deu satsheel shrotriya florian then pharmaceutical and medical products december 2015. May 15, 2018 top medical device trends in asia pacific and around the world. The market currently comprises of two different types of medical device i.
The medical device market in asia is growing at more than 10% each year. In addition, there are an estimated 538 local medical device manufacturers in thailand at the end of 2017. Asia pacific home healthcare market opportunities and. Meet some of our hugely diverse group of consultants who regularly work across the asia pacific region and we can often have a gmp consultant on your door step within 24 hours. Sep 30, 2019 press release medical device contract manufacturing market 2019 global industry trends, share, size, demand, growth opportunities, revenue, analysis and forecast to 2030. Market attractiveness analysis for the asia pacific home healthcare market would provide strategic assistance to decision makers. Eighth asia pacific pharmaceutical and medical device.
Cloud connectivity provides an accelerated platform for improving and monitoring health. Asia pacific is a complicated collection of individual markets, often with little in common other than a. Home to more than 60% of the global population, the asiapacific. Asia medical device registration pacific bridge medical. By creating a job alert or receiving recommended jobs, you agree to our terms. Sponsorship offers you strategic positioning as an industry leader. Seventh asia pacific pharmaceutical and medical device. Pacific bridge medical pbm is a leading asia medical consulting firm dedicated to assisting international medical companies in asia. Asiapacific is a complicated collection of individual markets, often with little in common other than a. Medical devices access in asian countries longdom publishing sl. Opportunities in the asian medical device markets pacific bridge. Top medical device trends in asiapacific and around the world. Collaboration the future of innovation for the medical device industry 7. Global medical device production 2005 usa 51% europe 30% japan 10% others 7% china 2% source.
Eac i miim i opportunities in the medical equipment market india i april 2017 12 12 eac strong teams for successful solutions we work in highly professional and motivated teams who come from a range of different national cultures and stand for the eac values and principles find out more about eac under. Wmdo asiapacific medical device regulatory certificate. This publication provides a comprehensive picture of vietnams healthcare system, market and import regulations for medical devices. Medical device asia mda bimonthly magazine on medical. Medtech in asia committing at scale to raise standards of.
Ivd are the medical diagnostic devices comprised of any reagent, calibrator, control material, kit, specimen receptacle, software, instrument. The aging population in asia provides a lot of opportunities for medical device and pharmaceutical manufacturers, but there are challenges as well. Regulatory support asia actual asia medical device. Han zheng innovating business models in the medical device. If todays manufacturers fail to stake their claim in the evolving value. Asia aging quickly, many medtech opportunities medtech. With the rising importance of asia pacific, medical device.
The future of the medical device market looks good with opportunities in hospital and homecare sector. Core objective of asian medical is to provide better business opportunities to clients and help them increase their medical supply to asia and middle east. Our novel programs are designed and implemented by local leading professionals to achieve competitive advantages in complex asian markets. What trends offer opportunities on the european medical devices market. This paper sets out the opportunities for australia to collaborate with chinese organisations as china works towards fulfilling one of the key aspects of its project of modernity. Mature and well developed market the netherlands has a well developed, comparatively mature medical device market, which is valued at 1. A analysis and evaluation of the market opportunities in latin america for a german family enterprise involved in the global medical device trade industry. Leading 100 asian medical devices companies 2015 april 07, 2015 05. Domestic production of medical devices is estimated to be around 940 million.
Wearable medical devices market report 2026 global market. Medical devices market size asiapacific 2020 statista. Wearable medical devices market report 2026 global. Thailands medical devices sector is the 8th largest in the asia pacific region. Asia remains the heavy favorite among respondents in terms of longterm growth prospectseven though. Seventh asia pacific pharmaceutical and medical device compliance congress exhibit and sponsorship opportunities take advantage of this unique opportunity to expand your reach. It is therefore vital to work with an experienced partner that understands the complexity of the medical devices market. Medical device cyber trends cybersecurity in the medical device industry in the quest for medical device innovation, dont forget cybersecurity in todays changing medical device landscape, with current guidelines and developing regulations, understanding technical requirements impacting the medical device industry is only part of the equation. There is a wealth of opportunities for healthcare companies looking to expand to the asian markets. Emerging markets continued providing their own mixed bags of opportunities and challenges in 2017. India is inching closer to finalizing its medical devices rules, and taiwan, too, has initiated a separate bill for medical device regulation. The asean secretariat is based in jakarta, indonesia.
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