Asia surgery boom

Asia surgery boom a key source of opportunities for global medtech companies

  • 65% of survey respondents say Asia will be the biggest source of growth opportunities for their organisation over the next five years. 
  • Within Asia, China and other emerging markets such as India and South-East Asia are seen as the stronger growth markets.

Surgical procedure volume and the device market is expected to grow strongly in Asia due to the region’s rising demand and improved access to surgical care. The fast recovery of procedure volume in China from the covid-19 impact has further boosted Asia’s growth outlook. In China, Economist Intelligence Clearstate estimates some of the more common procedures such as percutaneous coronary intervention (PCI) will grow by an annual average of 11.8% in the forecast period from 2019 to 2024.

Based on forecasts from Economist Intelligence Clearstate’s Surgical Gateway and an additional survey of 20 global surgical device company executives, our latest report Global surgical device market outlook aims to identify fast-growing opportunities for businesses in the near future.  

Entering and expanding in Asia’s surgical device market

Global surgical device companies face challenges entering and expanding in the Asia market because of regulations, lower affordability levels and the presence of domestic and regional competitors.

Source: Survey by the Economist Intelligence Clearstate, 2021

Through Economist Intelligence Clearstate’s team of consultants and Surgical Gateway—our proprietary data solution, we will support your strategic and tactical business planning and provide answers on the what, where and how to gain market share

For more on the global surgery device market, download the briefing paper on Global surgical device market outlook.

Surgical Gateway

The go-to-source of market data and insights on surgical procedure volume and surgical device size and share.