The major medical markets in the Asian region, encompassing China, Japan, India and Australia, show enormous variations in size, due to differences in healthcare expenditure as well as the obvious differing population sizes.For ablation technologies, although China and India have vastly greater populations than other countries in the region, it is the Japanese market that takes the largest local share of the global market, with an estimated 6.2%. This country’s medical market has been showing a modest (3%) annual growth after a period of stagnation. With its more western levels of healthcare expenditure, Japan demonstrates why it represents the greater share of Asian ablation markets.
Future market projections of ablation technology markets in Asia are predicated on increased uptake of products across all countries. Absolute size of these markets indeed demands attention be first paid to Japan, but on a relative basis, China demands vigilance for its potential.
The MedMarket Diligence report #A125, "Worldwide Ablation Technologies Market", details the size and growth of the worldwide market by country/region:
- United Kingdom
- Rest of World