Asia Pacific Medical Devices Market

Historic Data: 2016-2017   |   Base Year: 2018   |   Forecast Period: 2019-2027

Analysis by Product Type (In Vitro Diagnostic (IVD) Devices, Surgical Devices, General Medical Devices, Cardiovascular Devices, Ophthalmology Devices, Infection Control Devices, Endoscopy Devices, Neurological Devices, and Others); Function (Diagnostic and Monitoring, Therapeutics, Surgical, and Others); End User (Hospital, Homecare, Ambulatory Care Centers, and Others); Country


No. of Pages: 220    |    Report Code: TIPRE00013004    |    Category: Life Sciences

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Asia Pacific Medical Devices Market

Market Introduction

A medical device can be a machine, instrument, apparatus, an article that is used to diagnose, monitor, and therapeutic purposes. A medical device plays an essential role, such as detection, measurement, restoration, and modification of the structure or a function of the body due to health problems or chronic medical conditions. There are various types of medical devices, which include glasses, pacemakers, wheelchairs, X-ray machines, MRI, CT scans, and many more. These medical devices are categorized into four classes, such as I, IIa, IIb, and III. The categories of the medical devices are based on the Food and Drug Administration and CE marking. The organizations have categorized class I as low-risk medical devices and class III high-risk medical devices.


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Asia Pacific Medical Devices Strategic Insights

Strategic insights for the Asia Pacific Medical Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/asia-pacific-medical-devices-market-strategic-framework.webp
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Asia Pacific Medical Devices Report Scope

Report Attribute Details
Market size in 2018 US$ 97,281.63 Million
Market Size by 2027 US$ 1,69,735.1 Million
Global CAGR (2019 - 2027) 6.7%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Product Type
  • In Vitro Diagnostic Devices
  • Surgical Devices
  • General Medical Devices
  • Cardiovascular Devices
  • Ophthalmology Devices
  • Infection Control Devices
  • Endoscopy Devices
  • Neurological Devices
By Function
  • Diagnostic and Monitoring
  • Therapeutics
  • Surgical
By End User
  • Hospital
  • Homecare
  • Ambulatory Care Centers
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • 3M
  • Braun Melsungen AG
  • Boston Scientific Corporation
  • Abbott
  • Medtronic
  • General Electric Company
  • Stryker Corporation
  • Koninklijke Philips N.V
  • Siemens AG
  • Johnson and Johnson Services, Inc
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    Asia Pacific Medical Devices Regional Insights

    The geographic scope of the Asia Pacific Medical Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Market Overview and Dynamics

    The Asia Pacific medical devices market is expected to reach US$ 1,69,735.1 Mn in 2027 from US$ 97,281.63 Mn in 2018. The market is anticipated to grow with a CAGR of 6.7% from 2019-2027. Factors driving the market growth include initiatives by growing medical device industry. However, challenges in medical device industry is likely to have a negative impact on market growth.

    Key Market Segments

    By product type, the in vitro diagnostics (IVD) segment accounted for the largest market share in the Asia Pacific medical devices market in 2018. In terms of function, the diagnostic and monitoring segment held the largest market share of the medical devices market by 2027. Based on the end user, the hospital segment held the largest share of the Asia Pacific medical devices by 2019.

    Major Sources and Companies Listed

    Some of the major primary and secondary sources for medical devices market included in the report are, Australian Dental Industry Association (ADIA), Association of Indian Medical Device Industry (AiMeD), Australian Regulatory Guidelines for Medical Devices (ARGMD), CDC, FDA and among others.

    Reasons to buy the report

    • To understand the medical devices market landscape and identify market segments that are most likely to guarantee a strong return
    • Stay ahead of the race by comprehending the ever-changing competitive landscape for medical devices market
    • Efficiently plan M&A and partnership deals in medical devices market by identifying market segments with the most promising probable sales
    • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form medical devices market
    • Obtain market revenue forecast for market by various segments from 2018-2027 in Asia Pacific region.

     

    ASIA PACIFIC MEDICAL DEVICES MARKET SEGMENTATION

    By Product Type

    • Surgical Devices
      • Electrosurgical Generators
      • Ultrasonic Surgical Generators
      • Minimally Invasive Surgery Devices
      • Other Surgical Devices
    • Infection Control Devices
    • General Medical Devices
    • Cardiovascular Devices
    • Orthopaedic Devices
    • In Vitro Diagnostics (IVD)
    • Endoscopy
    • Neurology
    • Ophthalmology
    • Others

    By Function

    • Diagnostic and Monitoring
    • Therapeutics
    • Surgical
    • Others


     

    By End User

    • Homecare Medical Devices
    • Hospital Medical Devices
    • Ambulatory Care Medical Devices
    • Others

     

    By Geography

    •             Asia Pacific

    • China
    • Japan
    • India
    • Australia
    • South Korea

     

    Company Profiles

    • 3M
    • Braun Melsungen AG
    • Boston Scientific Corporation
    • Abbott
    • Medtronic

    The List of Companies - Asia Pacific Medical Devices Market

    The List of Companies - Asia Pacific Medical Devices Market

    1. 3M
    2. Braun Melsungen AG
    3. Boston Scientific Corporation
    4. Abbott
    5. Medtronic
    6. General Electric Company
    7. Stryker Corporation
    8. Koninklijke Philips N.V
    9. Siemens AG
    10. Johnson and Johnson Services, Inc

     

    Frequently Asked Questions
    How big is the Asia Pacific Medical Devices Market?

    The Asia Pacific Medical Devices Market is valued at US$ 97,281.63 Million in 2018, it is projected to reach US$ 1,69,735.1 Million by 2027.

    What is the CAGR for Asia Pacific Medical Devices Market by (2019 - 2027)?

    As per our report Asia Pacific Medical Devices Market, the market size is valued at US$ 97,281.63 Million in 2018, projecting it to reach US$ 1,69,735.1 Million by 2027. This translates to a CAGR of approximately 6.7% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Medical Devices Market report typically cover these key segments-

    • Product Type (In Vitro Diagnostic Devices, Surgical Devices, General Medical Devices, Cardiovascular Devices, Ophthalmology Devices, Infection Control Devices, Endoscopy Devices, Neurological Devices)
    • Function (Diagnostic and Monitoring, Therapeutics, Surgical)
    • End User (Hospital, Homecare, Ambulatory Care Centers)

    What is the historic period, base year, and forecast period taken for Asia Pacific Medical Devices Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Medical Devices Market report:

  • Historic Period : 2016-2017
  • Base Year : 2018
  • Forecast Period : 2019-2027
  • Who are the major players in Asia Pacific Medical Devices Market?

    The Asia Pacific Medical Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 3M
  • Braun Melsungen AG
  • Boston Scientific Corporation
  • Abbott
  • Medtronic
  • General Electric Company
  • Stryker Corporation
  • Koninklijke Philips N.V
  • Siemens AG
  • Johnson and Johnson Services, Inc
  • Who should buy this report?

    The Asia Pacific Medical Devices Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Medical Devices Market value chain can benefit from the information contained in a comprehensive market report.