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Med-techs face critical business and regulatory challenges in Asia Pacific

 17-Oct-17, Clarivate Analytics 

The medical device industry is facing an accelerated pace of change on multiple fronts – technological advancements, reimbursement questions and regulatory change. In the Asia-Pacific region these challenges are becoming more prominent.

Med techs face critical business and regulatory challenges in Asia Pacific (c) Pharma Intelligence

Image: Pharma Intelligence

The market size for medical devices in the Asia-Pacific region is estimated to reach USD88 billion by the end of 2020 and is expected to be the world’s second largest med-tech market after the US.

The projected growth is driven by various trends: an aging population, the rise of non-communicable diseases, an increase of public healthcare spending, an emerging middle class, a dynamic reform landscape and an untapped market potential.

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