Asia's population accounts for about 60% of the world's total population. In the past 20 years, the national economy of China, Japan, South Korea and other Asian countries has developed rapidly, and the medical and health undertakings of some countries have also developed rapidly, making the Asian medical device market rapidly become one of the major medical device markets in the world. Many analysts have pointed out that with the economic development of major Asian countries and the aging of the population, there is huge room for growth in the Asian medical device industry and market. Then, what new trends will emerge in the medical device industry in Asian countries in terms of supervision, procurement, price, and R&D? Let's take a look at the predictions and analysis of foreign professional media in the near future.
Industry development
Forecast one: centralized procurement normalization
According to the analysis of foreign professional media, the government's centralized bidding and procurement activities for medical devices in Asian countries will become more normal in the future. At present, India, Bangladesh and other countries with a population of over 100 million in Asia, the medical equipment and medical equipment required for public hospitals are mainly purchased through government tenders. The normalization of future bidding procurement will further reduce the price of medical equipment. Foreign analysts pointed out that this trend is particularly unfavorable for manufacturers in countries with high labor costs such as Japan, South Korea and Singapore.
Prediction 2: Enhance import regulatory requirements
According to Western media forecasts, China, India, Indonesia, Bangladesh and other Asian populous countries will further learn from Western countries' imported medical device regulatory measures and implement stricter quality and safety management regulations to eliminate potential quality and safety risks. This will greatly promote the quality of imported products, and will also lead to an increase in production and operation costs.
Prediction 3: Increased homogenization competition
There are many Asian medical device manufacturers, and product homogenization is very common. At present, there are product homogenization phenomena in the field of medical devices such as disposable medical devices, medical catheters, surgical instruments, hospital beds, wheelchairs, and even in the field of high-end imaging diagnostic equipment such as CT machines and B-ultrasounds. Western media analysis pointed out that as the technology gap between Asian manufacturers shrinks, the product homogenization of the Asian medical device industry will further intensify in the future. Therefore, in the future, manufacturers must make in-depth market research when developing new products, so as to avoid vicious competition in exports due to increased product homogeneity.
Prediction 4: Private hospitals drive demand
According to Western economists, in the next 10 years, private capital will enter the medical and health system of Asian countries. At present, although Japan, Singapore and South Korea are more developed economies, the main body of their health care system is still public hospitals. The health care systems of Asian countries and regions such as China, India, and Malaysia are also dominated by public hospitals. However, in Hong Kong and Taiwan, where the market economy has developed earlier, private hospitals account for about 65% of the total number of local hospitals. With the increasing demand for medical services, especially in many countries, there will be more and more private hospitals in the Asian national health care system, and these private hospitals with higher fees and more emphasis on service quality will inevitably Purchase a large number of new medical equipment and medical equipment to meet the needs of patients. This will drive the rapid growth of sales in the Asian medical device market.
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