Matej Mikulic
Research expert covering health, pharma & medtech
Medical technology in the Asia-Pacific region - statistics & facts
The Asia-Pacific (APAC) region’s rapidly aging population, combined with rising disposable incomes and increasing health awareness, is driving a higher demand for healthcare services and medical technology (medtech). At the same time, the region’s healthcare spending per capita continues to rise. APAC’s medtech market is projected to exceed 170 billion U.S. dollars in the next five years, accounting for nearly a quarter of the global medtech market. Despite U.S. players dominating the sector, medtech players in APAC, with a strong understanding of regional healthcare needs, have a significant opportunity to leverage disruptive innovations such as generative AI, machine learning (ML), and digital health platforms to strengthen their market presence.
