Life sciences industry, which comprises companies and organizations in the biotech, pharma, medical technology, cosmeceuticals, nutraceuticals, and food processing sector. They are concerned with research and development and manufacturing of products to improve human lives.
Medical equipment manufacturers in South Korea produce lower-end or mid-range medical devices, but import high-end medical devices from the United States, Japan, and Europe. China also supplies supplies low-end medical devices and consumables to Korea. The medical device sector in South Korea moved from $8.0 billion in 2021 to $9.2 billion in 2022. Some key … Read more
The medical device industry is worth $40 billion in 2021. The industry has an expected annual “CAGR” of 5.5 per cent from 2022 to 2027. Japan is home to the largest US medical device companies like 3M, Edwards Lifesciences, Medtronic, GE Healthcare, Johnson & Johnson, Abbott, Stryker, and Zimmer. Many medical device companies in Japan … Read more
Malaysia has a booming medical device sector. It is expected to achieve a compound annual growth rate of 8.5% from 2023 to 2028, reaching a value of $4.5 billion. There are as many as 200 medical equipment manufacturers in Malaysia, with many multinational companies in the country. These companies produce catheters, surgical and examination gloves, … Read more
The medical device industry in Singapore is highly developed, and is expected to grow at a CAGR of 10.5% to US$225 billion by 2030. There are numerous manufacturers and medical equipment suppliers in Singapore. The manufacturers produce medical supplies and equipment, vision care devices, life sciences tools and diagnostics, cardiovascular implantables. Medical Equipment Suppliers in … Read more
The medical device industry in Indonesia is worth US$3.6 billion in 2021. The country, which is the fourth largest in the world in terms of population, imports most of its medical equipment and devices needs. These imports range from high-tech and advanced medical instruments like diagnostic instruments, lasers, CT-scan. The medical equipment manufacturers in Indonesia … Read more
Thailand has the fourth largest population globally, resulting in an increased demand for medical supplies and equipment. The medical device market size is worth $2.88 billion. There are more than 2000 medical device distributors in Indonesia. The local manufacturers produce disposables, while consumables, high-value-added products and sophisticated devices are imported. Imported or refurbished medical equipment … Read more
All the top 30 global MedTech companies have manufacturing, research, and development facilities in Singapore. Top medical equipment manufacturers in Singapore include MNCs Becton Dickinson, Medtronic and Thermo Fisher Scientific. Globally, 60% of the microarrays and one-third of all mass spectrometers are manufactured in Singapore. Singapore produced medical devices and equipment worth US$12 billion in … Read more
The medical device market in Vietnam in 2022 is worth 1.5 billion USD, increasing from 1.1 billion USD in 2017. It is expected to grow at an annual CAGR rate of 9.7% from 2021-2026 and hit USD 2.1 billion by 2026. The few medical equipment manufacturers can only supply 10% of the country’s needs and … Read more
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