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According to a latest forecast report, from 2009 to 2012, Asia-Pacific medical device market will achieve compound annual growth of 10.2﹪ and the market capitalization will reach to $ 62.3 billion ( about 422.6 billion yuan). The report ‘APAC Medical Device Market Will Take Off’which published by Frost Sullivan Consulting Company in June 17th pointed out that Asia-Pacific medical device market’s sales volume will account for 26﹪of global market sales.
Frost Sullivan Consulting Company’s headquarters was located in Mountain View of California, America. The company’s director of medical practice, Simranjit Singh said that from 2009 to 2012, global medical device market will achieve compound annual growth of 5.8﹪, but Asia-Pacific will reach to 10.2﹪.
"As mentioned before, in 2015, [Asia-Pacific] medical equipment industry growth rate will likely to be doubled comparing with the rest of the world. And this indicates that Asia-Pacific will usher the exciting and high-speed development era.”
The growing demand of safe, accurate and high efficient devices is the power to promote the development of this market. In future, hospitals will use the disposable products to fight against with the iatrogenic infection such as H1N1 and MRSA.
(Source: China Medical Devices Information Network)
He added that the most successful country of this area is that with strong regulatory policy and strict monitoring policy of manufacturing. And Malaysia is a good example.
Singh said Malaysia’s medical device industry is rising steadily with a rate of 9.3﹪. And he predicted that Malaysia’s revenue of medical device will expect to more than $ 900 million and this is 31﹪ higher than the total revenue of 2009.
Malaysia’s needs of self-monitoring blood glucose devices and insulin injection devices will keep rising.
Singh said that Malaysia has about 1.8 millions of people who have diabetes, but still about more than 80﹪people who have not been confirmed with diabetes.
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