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Medical Devices
The future of the medical device market in Asia looks good with opportunities in public and private hospitals. While the global medical device market is expected to reach an estimated US$ 410 billion by 2023, and it is forecast to grow at a CAGR of 4.5% from 2018 to 2023. About 27% of this market size shall be located in Asia totaling to an estimated of US$ 111 billion. The major drivers for the growth in the Asian region are continuous economic growth, population size, and an aging population. These three factors will continue to contribute to a robust Asian medical device market. The cardiovascular, diabetes, infection disease and orthopedic sectors are expected to experience the most growth within Asia’s medical device markets.
EMPE can support you to understand the local health care system and landscape in order to benefit of the continuous growth in the market. Feel free to contact us for a first initial discussion.
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