Medical Technologies market in APAC region 2015 to grow at a CAGR of 9.87% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/18/2015 -- Medical Technologies Market in the APAC Region 2015-2019
Medical technology refers to the software solutions, medical devices, imaging, and diagnostic equipment used to ensure good health. Medical Technologies market in the APAC region to grow at a CAGR of 9.87% over the period 2014-2019. The Medical Technologies market in the APAC region covers hospital hardware; technical aids for the disabled; reusable instruments; laboratory equipment; complementary therapy devices; healthcare facility products and adaptations; biologically derived devices; and technologies such as active implantable, anesthetic and respiratory, IVD, dental, electromechanical medical, non-active implantable, ophthalmic and optical, single use, and diagnostic and therapeutic radiation.
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One key trend upcoming in this market is the emergence of user-friendly technologies, which reduce the number of hospital visits and help in the close monitoring of a patient's physiological parameters. The emergence of user-friendly technologies permits the frequent evaluation of these parameters without any assistance from a physician. The Medical Technologies market in the APAC region is expected to post a CAGR of 9.87 percent during the period 2014-2019. "Medtech vendors are shifting their focus toward developing economies, as most of the countries have large populations compared with developed countries,".
Covered in this Report
This report covers the present scenario and the growth prospects of the Medical Technologies market in the APAC region for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of preventive, diagnostic, treatment, alleviating, and monitoring technologies; healthcare software; and in vitro diagnostics used in diseased, injured, or handicapped people. The report also covers technologies for investigation, replacement, or modification of anatomy and physiology such as left ventricular assist devices, robotic-assisted surgery, diagnostic imaging services, cervical disc replacements, transcatheter valve replacements, intraocular lenses, renal denervation, mobile health, and molecular diagnostics. The scope of this report excludes contract manufacturing organizations, contract research organizations and technologies that primarily act by exerting metabolic, immunological, or pharmacological actions.
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The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the Medical Technologies market in the APAC region. In addition, it discusses the major drivers that influence growth and the challenges faced by the vendors and the market at large, as well as the key trends that contribute to the growth of the market.
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"Factors such as lenient regulatory guidelines, low manufacturing costs, skilled labor, and limited market competition are some of the incentives offered by developing countries; thereby increasing manufacturers' profits."
To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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