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Pulished Date September, 2021
ID: 12154
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APAC Medical Devices Market Research Report – Segmented By Type, End-User & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast | 2021 to 2026

Pulished: September, 2021
ID: 12154
Pages: 100

APAC Medical Devices Market Size (2021 to 2026)

The APAC Medical Devices Market was worth USD 105.93 billion in 2021. This value is further estimated to be growing at a CAGR of 6.8% and worth USD 147.19 billion by 2026.

A medical device is an apparatus, instrument, appliance, or machine used to prevent, diagnose, treat, monitor, or relieve disease.

The Asia Pacific medical devices market has grown significantly due to an increase in the number of healthcare institutions, rapid expansion in the older population, economic growth in emerging regions, quick technical advancements, and rising healthcare spending. In addition, there is a growing emphasis on fitness among adults, and regional healthcare authorities are increasingly focusing on monitoring and diagnosis, which has resulted in increased demand for fitness trackers.

Chronic diseases such as cancer and diabetes are on the rise in the APAC region due to a lack of physical activity, long working hours, and unhealthy eating habits. Furthermore, unhealthy lifestyles and eating habits attract various serious ailments, which is expected to boost the APAC medical devices market's growth rate during the forecast period. In addition, the expanding trend for medical wearable devices is expected to fuel medical devices growth in the APAC region.

Furthermore, the use of Artificial Intelligence (AI) in medical devices such as remote patient monitoring devices, wearable medical equipment, Electronic Health Records (EHR), and various other examples is predicted to hasten the adoption of medical devices into everyday life. Because innovation drives the medical device sector's constant search for new ways to treat and diagnose medical diseases, the medical device industry should continue to grow at a favorable rate in the future, significantly as patient life expectancy rises and the population ages. The demand for minimally invasive therapies, as well as government assistance for medical device creation and research and development in generating highly advanced medical devices, has increased rapidly in recent years and is likely to skyrocket in the next few years.

However, The APAC medical devices market was stifled by a lack of healthcare awareness and reimbursements. Challenges posed by legislative changes, rising number of adverse effects, data security difficulties, and the covid-19 pandemic are all factors that could slow the market's growth in the future. In addition, the lack of advanced medical facilities in Asia Pacific's low and middle-income countries is a significant impediment to the market's expansion.

This research report on the APAC medical devices market has been segmented and sub-segmented into the following categories:

By Type:

  • Orthopedic Devices
  • Cardiovascular Devices
  • Diagnostic Imaging
  • IVD
  • MIS
  • Wound Management
  • Diabetes Care
  • Ophthalmic
  • Dental
  • Nephrology
  • General Surgery
  • Others

By End-User:

  • Hospital & ASC’s
  • Clinics
  • Others

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Based on region, the APAC medical devices market is rising due to awareness that medical devices add value to hospitals, patients, and payers. Another aspect that boosts the market's growth is the increased adoption of routine healthcare check-ups and technical advancements in medical devices. Furthermore, due to an aging population, rising per capita income, and expanding public health concerns, Asia Pacific emerged as the fastest-growing area over the forecast period.

The Indian medical devices market is estimated to showcase a healthy growth rate during the forecast period. India is now ranked sixth in the worldwide market. This is primarily due to the countries' quick technical advancements in many areas and their unique nature in terms of sales channels and distribution patterns. The Indian Ministry of Health and Family Welfare (MOHFW) and the Central Drugs Standard Control Organization (CDSCO) conducted the following steps to enhance medical device exports in the country: Schedule MIII (proposed guidance on acceptable manufacturing practices and facility requirements) is being re-examined and implemented as a system for export labeling. Due to rising per capita income, more lavish spending on healthcare facilities, and a significant increase in the region's aging population, Asia Pacific is expected to develop rapidly during the forecast period. China is the second-largest market for medical devices after the United States.

KEY MARKET PARTICIPANTS:

Medtronic, Stryker, Fresenius SE & Co. KGaA, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd, General Electric Company, Siemens Healthineers AG, BD, Boston Scientific Corporation, and Johnson & Johnson Services, Inc. are a few of the leading companies operating in the APAC medical devices market.

1. Introduction                                                 

            1.1 Market Definition                                       

            1.2 Scope of the report                         

            1.3 Study Assumptions                         

            1.4 Base Currency, Base Year and Forecast Periods        

2. Research Methodology                                             

            2.1 Analysis Design                                           

            2.2 Research Phases                                         

                        2.2.1 Secondary Research                     

                        2.2.2 Primary Research             

                        2.2.3 Data Modelling                            

                        2.2.4 Expert Validation             

            2.3 Study Timeline                                           

3. Report Overview                                                      

            3.1 Executive Summary                        

            3.2 Key Inferences                                            

4. Market Dynamics                                                     

            4.1 Impact Analysis                                          

                        4.1.1 Drivers                            

                        4.1.2 Restraints                        

                        4.1.3 Opportunities                              

            4.2 Regulatory Environment                             

            4.3 Technology Timeline & Recent Trends                     

5. Competitor Benchmarking Analysis                           

            5.1 Key Player Benchmarking                            

                        5.1.1 Market share analysis                  

                        5.1.2 Products/Service             

                        5.1.3 Regional Presence           

            5.2 Mergers & Acquisition Landscape                

            5.3 Joint Ventures & Collaborations                  

6. Market Segmentation                                               

            6.1 APAC medical devices market, By Type                  

            6.2   Orthopedic Devices                                   

            6.3 Cardiovascular Devices                               

            6.4 Diagnostic Imaging                         

            6.5 IVD                                                

            6.6 MIS                                                

            6.7    Wound Management                               

            6.8   Diabetes Care                                           

            6.9 Ophthalmic                                    

            6.10 Dental                                          

            6.11   Nephrology                                            

            6.12 General Surgery                                        

            6.13 Others                                         

                        6.13.1 Market Size Estimations & Forecasts (2021-2026)

                        6.13.2 Y-o-Y Growth Rate Analysis                    

                        6.13.3 Market Attractiveness Index       

            6.14 APAC medical devices market, By Application       

            6.15 Hospital & ASC’s                                       

            6.16 Clinics                                          

                        6.16.1 Market Size Estimations & Forecasts (2021-2026)

                        6.16.2 Y-o-Y Growth Rate Analysis                    

                        6.16.3 Market Attractiveness Index       

7. Geographical Landscape                                           

            7.1 APAC Medical Devices Market, by Region

            7.2 Asia Pacific                                     

                        7.2.1 By Country                                  

                                    7.2.1.1 China               

                                    7.2.1.2 India                 

                                    7.2.1.3 Japan               

                                    7.2.1.4 South Korea                  

                                    7.2.1.5 South East Asia 

                                    7.2.1.6 Australia & NZ              

                                    7.2.1.7 Rest of Asia-Pacific        

                        7.2.2 By Type                           

                        7.2.3 By Application                             

8. Key Player Analysis                                                                                    

           8.1 Medtronic

8.1.1 Business Description                    

                             8.1.2 Products/Service             

                             8.1.3 Financials                        

                             8.1.4 SWOT Analysis                             

                             8.1.5 Recent Developments

                             8.1.6 Analyst Overview 

              8.2 Stryker

              8.3 Fresenius SE & Co. KGaA

              8.4 Koninklijke Philips N.V.

              8.5 F. Hoffmann-La Roche Ltd

              8.6 General Electric Company

              8.7 Siemens Healthineers AG

              8.8 BD

              8.9 Boston Scientific Corporation

              8.10 Johnson & Johnson Services, Inc.

9. Market Outlook & Investment Opportunities             

10. Appendix                                                                     

            List of Tables                                        

            List of Figures 

  • Regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the areas that are still untapped. 
  • The segment-level analysis in terms of type, end-user, and region along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, essential financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations with a strong financial foothold in the market.
  1. Asia Pacific medical devices Market, By Type, From 2021 to 2026 (USD Billion)
  2. Asia Pacific Orthopedic Devices Market, By Region, From 2021 to 2026 (USD Billion)
  3. Asia Pacific Cardiovascular Devices Market, By Region, From 2021 to 2026 (USD Billion)
  4. Asia Pacific Diagnostic Imaging Market, By Region, From 2021 to 2026 (USD Billion)
  5. Asia Pacific IVD Market, By Region, From 2021 to 2026 (USD Billion)
  6. Asia Pacific MIS Market, By Region, From 2021 to 2026 (USD Billion)
  7. Asia Pacific Wound Management Market, By Region, From 2021 to 2026 (USD Billion)
  8. Asia Pacific Diabetes Care Market, By Region, From 2021 to 2026 (USD Billion)
  9. Asia Pacific Ophthalmic Market, By Region, From 2021 to 2026 (USD Billion)
  10. Asia Pacific    Dental Market, By Region, From 2021 to 2026 (USD Billion)
  11. Asia Pacific Nephrology Market, By Region, From 2021 to 2026 (USD Billion)
  12. Asia Pacific medical devices Market, By End-user, From 2021 to 2026 (USD Billion)
  13. Asia Pacific Hospital & ASC’s Market, By Region, From 2021 to 2026 (USD Billion)
  14. Asia Pacific Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  15. Asia Pacific Others Market, By Region, From 2021 to 2026 (USD Billion)
  16. Japan medical devices Market, By Type, From 2021 to 2026 (USD Billion)
  17. Japan medical devices Market, By End-user, From 2021 to 2026 (USD Billion)
  18. China medical devices Market, By Type, From 2021 to 2026 (USD Billion)
  19. China medical devices Market, By End-user, From 2021 to 2026 (USD Billion)
  20. India Global medical devices Market, By Type, From 2021 to 2026 (USD Billion)
  21. India medical devices Market, By End-user, From 2021 to 2026 (USD Billion)
  22. Australia medical devices Market, By Type, From 2021 to 2026 (USD Billion)
  23. Australia medical devices Market, By End-user, From 2021 to 2026 (USD Billion)
  24. South Korea medical devices Market, By Type, From 2021 to 2026 (USD Billion)
  25. South Korea medical devices Market, By End-user, From 2021 to 2026 (USD Billion)

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