Medical Equipment Industry Overview
International medical device manufacturers find it difficult to enter Asian markets due to the increasing competition from local manufacturers, who provide customized solutions to their clients. Moreover, medical device manufacturers must always ensure product quality and comply with government norms to avoid product recalls. We look at the number of practitioners and establishments to understand the number of installed devices, sales volume each year, and the potential and forecast sales based on the adoption rates of these devices. Under personal use medical devices, we cover several products such as medication administration equipment, home dialysis machines, test kits, home monitors, and many others.
Our customized market entry strategies can aid medical equipment manufacturers to build their process around government regulations and outperform local competitors in terms of product diversity. To tackle the problem of manufacturing top quality and safe products, our healthcare experts can help companies with new product development strategies.