- Medical devices, including diagnostic, therapeutic, and monitoring equipment, are becoming increasingly essential in Asia-Pacific due to rising chronic disease prevalence, expanding healthcare access, and a growing focus on early and accurate diagnosis. Rapid technological advancements and increased healthcare expenditure across both public and private sectors are further accelerating the adoption of innovative medical devices in hospitals, clinics, and homecare settings
- The surging demand for medical devices in Asia-Pacific is primarily driven by the aging population, an increase in respiratory and cardiovascular conditions, and the widespread need for efficient home-based care solutions. The rising prevalence of conditions such as COPD, asthma, and sleep apnea is fueling demand for devices such as ventilators, CPAP/BIPAP, and oxygen concentrators
- China dominated the Asia-Pacific medical devices market with the largest market share of 39.6% in 2024, driven by a large patient base, fast-growing healthcare digitization, and strong domestic production of affordable yet advanced medical technologies. Government initiatives supporting rural healthcare modernization and chronic disease screening programs are also key contributors
- India is expected to be the fastest growing region in the Asia-Pacific medical devices market between 2025 and 2032. Factors such as increasing healthcare investments, expansion of private hospitals, government initiatives such as Make in India, and rising awareness of joint and trauma-related treatments are significantly propelling market growth
- The reconstructive joint replacements segment dominated the Asia-Pacific medical devices market with the largest revenue share of 32.8% in 2024, owing to the rising incidence of osteoarthritis and rheumatoid arthritis, along with a growing geriatric population requiring knee and hip replacements
