Asia-Pacific Medical Devices Market Advertising Industry Segmentation

Posted 2023-01-25 06:41:13

Asia-Pacific Medical Devices Market is expected to undergo a CAGR of 7.1% during the forecast period 2022 to 2029.

Market Analysis and Insights Asia-Pacific Medical Devices Market

Medical devices are any appliance, machine, implement, apparatus, instrument, implant and reagent for in vitro usage, material, software or another related or similar article, intended by the manufacturer to be utilized, separately or in consolidation, for any healthcare purpose. Medical devices are utilized for alleviation, treatment, monitoring, prevention or diagnosis of disease. Additionally, medical devices are also utilized for support, modification, replacement or investigation of the physiological process or anatomy.

Growing healthcare expenditure is significantly affecting on the development of new diagnostic tests and new surgical tools. Hence, huge health care expenditure is a favourable factor for the growth of the medical devices market. The increasing side effects of medical devices is acting as a restraint and hampering the demand of the medical devices market.

Asia-Pacific Medical Devices Market Scope

The medical devices market is categorized into six notable segments which are based on the product, mode, application, facility, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

· On the basis of product, the medical devices market is segmented into ventilator, spirometers, oxygen concentrators, anesthesia machines and CPAP/BIPAP. In 2021, ventilator segment holds the highest share in the medical devices market as the large number of patient pool is suffering from respiratory diseases and COVID-19.

· On the basis of mode, the medical devices market is segmented into portable, tabletop and standalone. In 2021, portable segment is dominating the medical devices market due to growing demand for highly advanced and efficient medical devices for treatment.

· On the basis of application, the medical devices market is segmented into diagnostic and therapeutic. In 2021, therapeutic segment is dominating the medical devices market due to growing number of surgeries.

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Asia-Pacific Medical Devices Market Country Level Analysis

The countries covered in the Asia-Pacific medical devices market report are the China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific.

Asia-Pacific is expected to grow with the fastest CAGR in the forecast period as in the Asia-Pacific’s countries, the demand for medical devices is increasing very rapidly due to rapidly increasing population and increasing healthcare expenditure. China is expected to dominate in Asia-Pacific medical devices market as China is one of the leading countries in the Asia-Pacific which utilize advanced medical devices in treatment as well as screening of disease.

Competitive Landscape and Asia-Pacific Medical Devices Market Share Analysis

The Asia-Pacific Medical Devices Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific Medical Devices Market.

Key Players Asia-Pacific Medical Devices Market

GE Healthcare
Koninklijke Philips N.V.
Medtronic
Drägerwerk AG & Co. KGaA
Vyaire Medical Inc.
Nidek Medical Products Inc.
Getinge AB
Smiths Medical Inc. (a subsidiary of Smiths Group plc.)
ResMed
Invacare Corporation
TEIJIN LIMITED

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MAJOR TOC OF THE REPORT

Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Global Asia-Pacific Medical Devices Market by Product & Procedure type

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