Orthopaedic instruments form a big market just around the corner
The aging population in Asia accounts for about half of the global aging population. The elderly are prone to various bone and joint diseases. Therefore, it is predicted that artificial bone and joint, bone cement, artificial bone and other orthopedic devices will become new hot commodities in the Asian medical device market.
At present, with the exception of economically developed countries such as Japan, South Korea and Singapore, the artificial bone and joint market in Asia has not really formed. The United States and other developed western countries consume millions of artificial bones and joints, other orthopaedic instruments and orthopaedic instruments every year. It is believed that with the economic development of Asian countries, East Asia and some rich Southeast Asian countries are expected to become a new source of growth in the international artificial bone and joint and orthopedic device market.
There is another reason why western economic analysts are optimistic about the development prospect of Asian medical device market, that is, the new rise of Vietnam and Indonesia, which were once regarded by Westerners as underdeveloped countries. The two countries have a total population of nearly 300 million, and their GDP has increased rapidly in the past few years. This has laid a foundation for the two governments to increase national medical and health expenditure. At present, the allocation of medical equipment in township hospitals is not ideal in both Indonesia and Vietnam. If these two rural hospitals with large population in Southeast Asia can be equipped with advanced medical devices such as B-ultrasound, CT or high-definition X-ray machine, the sales of Asian medical device market will increase by at least 15% every year.