According to a report by Fitch Solutions, the medical device market in Philipinnes will achieve an annual growth rate (CAGR) of 8.8% and grow to US$884.3 million by the end of 2024. Medical equipment suppliers in the Philippines depend mostly on imported products, as local manufacturers are limited to producing spare parts and disposables like … Read more
The medical device market in Thailand, which is one of the best in the ASEAN countries is worth 19.93 billion US dollars in 2020, followed by Singapore, Malaysia, and Indonesia. The market value is expected to reach 11.4 billion U.S. dollars by 2027. Thailand is one of the largest importers and exporters in Asia for … Read more
Medical gloves include surgical gloves, latex gloves, nitrile gloves, powdered gloves, speciality gloves, neoprene gloves, and powder-free gloves. Top medical glove manufacturers in Malaysia include Top Glove Corporation, Supermax Corp, Quality Latex Products (M) Sdn Bhd, Comfort Gloves, TSL, Careplus Corp, Rubberex Glove Malaysia, Biomax Rubber Industries Sdn. Bhd., Maxwell Glove Manufacturing Bhd, Winmed Sdn. … Read more
Malaysia is the largest medical device in the ASEAN region with an estimated market size of USD1.8 billion. As a major production hub in the region, there are as many as 200 medical equipment manufacturers in Malaysia. About 30 of the medical device companies are multinational companies like Abbott, Smith & Nephew, Boston Scientific, Teleflex, … Read more
Medical equipment companies in Myanmar import and supply products such as diagnostic products, dental products, orthopaedic appliances, and wearable or implanted devices. Myanmar depends on imported medical equipment and devices from the US, India, Turkey, Japan, Germany, etc. The medical device market in Myanmar is expected to grow at a CAGR rate of 6.63% from … Read more
Nepal imports most of its medical equipment from India, China, and increasingly from the US. There are opportunities for medical equipment suppliers in Nepal to sell their products, especially in the Kathmandu Valley. This is due to the increased number of hospitals that employ modern medical facilities. Both government and private hospitals are purchasers of … Read more
Healthcare in Bangladesh is expected to grow to USD 14 billion by 2023. The medical device market is valued at USD 442 million (June 2020). With an annual CAGR growth of 13%, the market is projected to hit USD 820 million by 2025. Only about 3 to 5% of the 4000 medical devices used in … Read more
The Drug Regulatory Authority of Pakistan (DRAP) regulates pharmaceutical products and medical devices in Pakistan. They must grant authorization to all importers and medical equipment suppliers in Pakistan. Medical devices in Pakistan are classified into A, B, C, and D according to the risks, with Class A being the lowest risk/hazard medical devices while Class … Read more
The medical device market is expected to achieve an annual CAGR growth rate of 5.8% between 2022 and 2027 and hit a market volume of US$193.50m by 2028 (Fitch Solutions’ BMI Research). The island country in the Persian Gulf has increased healthcare expenditure that may hit US$2.2 billion by 2027. The medical equipment suppliers in … Read more
The medical device industry in Oman is estimated at US$540.20 million and is expected to grow annually at a rate (CAGR 2024-2028) of 5.17%, resulting in a market volume of US$661.00 million by 2028. Medical equipment suppliers in Oman depend on imports, as there is no significant local production. The Directorate General for Pharmaceutical Affairs … Read more
