PRLog - April 9, 2010 - COLOGNE, Germany -- ‘The APAC market is witnessing a tremendous growth; especially in countries such as China, Australia, India, Korea, Taiwan etc.’ Says a TechNavio expert. The expansion of the healthcare sector and the new regulations for medical devices in these countries offers expansion opportunities for this market. Further, countries like Malaysia, Hong Kong, Singapore, and Thailand also represent the developing markets and holds potential. However, Philippines and Indonesia are still in the phase of development and are highly dependent on imports.
According to TechNavio Insights, ‘the market for Medical devices in the APAC is forecast to grow at a CAGR of 8.9 percent over the forecast period.’
The APAC market comprises both local and international manufactures. Though the local manufacturers are coming up with advanced Medical devices in the APAC region, the high end market is dominated by the Japanese, German, and American manufactures.
Infiniti Research: Medical Devices Market in APAC 2008-2012:
Infiniti Research: More market data and market reports:
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