NEW YORK, June 21, 2011 /PRNewswire/ — Reportlinker.com
announces that a new market research report is available in its
Detailed analysis of four health markets which account for
15% of the global medical device market and which present immense
Japan, China, South Korea and Taiwan are ranked among the
biggest medical device markets in the world. In 2008, these four
countries collectively spent an estimated US$30.9 billion,
representing a total 14.7% of the world market.
Diverse markets, diverse opportunities
These four countries are currently undergoing different phases
of development, both in overall terms and more pertinently, in the
growth of the
respective medical device markets.
Japan, South Korea and Taiwan represent highly developed medical
device markets with advanced healthcare systems & high levels
of spending, both in the private and public sector. This has
inevitably placed a strain on the respective governments, who have
in recent years tried to temper escalating spending by introducing
various cost containment strategies, including periodical price
cuts/reimbursements for medical devices and equipment.
However, spending has continued to rise, key factors being the
ageing demographic and the high standards of healthcare the
population has grown to expect.
Japan and South Korea in parti