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Asian Medical Device Market Changes and Hopes

Today's Asia has made a dramatic change from Asia in the early 1980s. Whether it is the economic level in Asia, the evolution of major diseases in Asians, or the ageing of Asia, it has strongly promot

Today's Asia has made a dramatic change from Asia in the early 1980s. Whether it is the economic level in Asia, the evolution of major diseases in Asians, or the ageing of Asia, it has strongly promoted the dramatic changes in the Asian medical device market.

Demand for minimally invasive devices soared

According to a World Health Organization (WHO) report, the main causes of death in major Asian countries, including Japan, China, India, and South Korea, were more than 30 years ago (ie, the 70s and 80s of last century). They were tuberculosis, pneumonia, and gastrointestinal disease. Diseases such as inflammation and hepatitis, and India, Bangladesh, Sri Lanka and other South Asian countries, the leading cause of death is acute infectious diseases such as cholera and typhoid fever. However, after more than 30 years, the fatal diseases of Asian countries have changed significantly. With the rapid economic development of Japan, South Korea, Singapore and China, people’s dietary structure has also changed. The rapid aging of East Asian countries such as China, Japan, and South Korea has caused cardiovascular disease to rise as the number one major Asian industrial country’s death. Diseases. This has had a profound impact on the structure of the Asian medical device market.

According to the prediction of foreign economists, in 2011, the world's cardiovascular minimally invasive medical devices, such as implantable stents, vascular surgery catheters, heart valves, artificial blood vessels, vascular surgery and other micro-balloons and other cardiovascular minimally invasive instruments products Sales will reach an astonishing $19.5 billion to $200 billion. Among them, the United States will account for half of the global market for cardiovascular minimally invasive medical devices, with Europe accounting for 28%, Asia ranking third (15%), and South America, Africa and Oceania, etc., accounting for only 7% of the total.

Rapid proliferation of diagnostic equipment

Another notable change in the Asian medical device market is the rapid development of the electronic imaging diagnostic apparatus market. Thirty years ago, in Asia, only hospitals in highly developed countries and regions such as Japan, Singapore, and Hong Kong, China have popularized advanced electronic imaging and diagnostic equipment such as CT machines. And 30 years later, Asia has become the world's third largest market for imaging diagnostic equipment. In 2010, the high sales volume of imaging diagnostic equipment in Asia was followed by black and white or color B ultrasound machines, general CT machines, and MRI machines. At present, rural hospitals in some Asian countries have begun to popularize CT machines.

In addition, with high blood pressure, high blood sugar and other high-level diseases in Asia, and infectious diseases relegated to the bottom of the Asian disease spectrum, those easy to carry and use electronic sphygmomanometer, electronic glucometer and other small test products in Asia The country is hot. In 2010, a total of 26 million electronic blood pressure monitors and more than 18 million electronic blood glucose meters were sold throughout Asia.

Market hotspot

Western economists believe that at present, except for economic developed countries such as Japan, South Korea, and Singapore, the artificial joint market in other countries has not yet been truly formed. In the United States and other developed countries, millions of artificial joints are consumed every year. With the rapid increase in the number of elderly people in Asia, artificial bone joints, bone cement and other products will become hot products in the Asian medical device market in the coming years. Among them, East Asian countries and some South Asian countries are expected to become hot spots in the global artificial joint market.

Although the relatively affluent Southeast Asian countries such as Malaysia, Thailand and Singapore have not yet reached an ageing age, they have attracted hundreds of thousands of people each year due to the fact that these three countries have tourist resources, excellent medical teams and well-equipped hospitals. Tourism and medical services have promoted the rapid development of the medical device market in Southeast Asia.

The total population of Vietnam and Indonesia is close to 300 million. In the past few years, the GDP growth rate between the two countries has been relatively rapid, which has laid a foundation for the government to increase the national health expenditure. At present, the configuration of medical equipment in primary hospitals in Indonesia and Vietnam is not satisfactory. Western economists believe that if the two large Southeast Asian countries decide to strengthen the construction of basic hospitals, the annual sales of Asian medical device market will increase by at least 15%.