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.

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.

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