medica

    Cards (19)

    • What is the title of the report discussed in the study material?
      The Medical Device Landscape in Asia
    • What is the main focus of the MEDICA 2024 report?
      It discusses the challenges and opportunities in the medical device landscape in Asia.
    • What are the top 5 economic trends for 2025 according to the report?
      1. Decline in headline inflation with rate cuts for advanced economies.
      2. Steady increase in consumer spending with an eye on debt.
      3. Stable global economic growth driven by emerging economies.
      4. Growth momentum in Asia from demand in electronics and AI investments.
      5. Geopolitical tensions and climate changes impacting growth prospects.
    • What is the projected CPI for H1 2025?
      1. 3%
    • What is the expected growth rate for emerging and developing Asia in 2025?
      1. 0%
    • What is the projected growth rate for China in 2025?
      1. 5%
    • What is the projected growth rate for India in 2025?
      1. 5%
    • What is the CAGR for the global medtech industry from 2023 to 2028?
      Aspirational CAGR is 7.0% and Conservative CAGR is 6.6%.
    • Which region is the second largest for medical devices globally?
      Asia-Pacific
    • What are the key growth drivers in the medtech industry?
      • Increasing private sector appetite for robotic systems and instruments.
      • Expansion of diagnostics and patient monitoring segments.
      • Rising prevalence of diseases like diabetes and cardiovascular issues.
      • Universal healthcare driving increased healthcare expenditure.
    • What was the healthcare expenditure spend in 2022-2023?
      1. 1%
    • What is the target for India's medical device exports by 2050?
      $10 billion
    • What are the goals of the Chinese medical device industry by 2025 and 2030?
      • Produce 70% of high-end medical devices domestically by 2025.
      • Produce 95% of high-end medical devices domestically by 2030.
    • What is the impact of Volume-Based Procurement (VoBP) in China?
      It requires local reimbursement lists to be established in all provinces by 2025.
    • What factors are driving growth in the ASEAN region?
      • Expansion of the middle class from 29% in 2019 to 70% by 2030.
      • Growth in medical tourism in countries like Singapore, Malaysia, and Thailand.
      • Rapid growth in private healthcare across several ASEAN countries.
      • Public-private partnerships reducing healthcare infrastructure gaps.
    • What themes will drive the future of medical devices in emerging Asia?
      • Changing consumer preferences.
      • Development of new business models.
      • Preparation for dynamic regional policies and regulations.
      • Enabling accessibility, affordability, and quality of healthcare.
    • What is the source of the data presented in the report?
      Frost & Sullivan
    • What is the significance of the establishment of 0.17 million government primary clinics?
      It enhances healthcare access and infrastructure.
    • How has out-of-pocket expenditure (OOPE) changed from 2013-2014 to 2019-2020?
      It decreased from 64.2% to 47%.