Asia Medical Devices Q4 2019
The Asian medical device market will continue to outperform globally, recording high single-digit growth in weightedlocal currency terms and mid to high single-digit growth in US dollar terms, despite downside risks from increasing trade tensionsand the global economic slowdown. Emerging Asia will grow at nearly twice the rate of Developed Asia, which will be constrained bycost-containment measures. Increased patient volumes due to ageing demographics, the rising incidence of chronic diseases andexpanding healthcare systems, along with investment in new technology, will be the primary growth drivers. Tougher regulation anda hardened stance on reimbursement, together with increased market competition, will be constraining factors.
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