News in numbers Rising in the East? The growth of the medical device market in Asia-Pacific (APAC) region in the coming years


$255bn $150bn


The estimated value of the APAC medical device market by 2030.


Source: GlobalData


The value of the APAC medtech market in 2022.


Source: Deloitte Globalisation of China medical device companies


Leading Chinese medical device companies: share of global revenue


100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%


23% 39% 52% 77% 61% 48% MicroPort Mindray Weigao International


United Imaging


China Lepu Medical 88% 90% 12% 10%


100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%


Leading global medical device companies: share of global revenue


67% 81% 56% 51% 49%


~50% 60%


The


percentage of the


33% & Treatment Diagnosis


19% Philips


Diagnostics Roche 44% 49%


GE Healthcare Johnson & Johnson Medtech


International Domestic Source: Annual Report (Report Period FY2022), Deloitte Analysis © 2024, Deloitte China


China’s medtech firms got far more support than firms in OECD countries State support as a share of revenue for listed medtech firms (%)


9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0


2017 2018 2019 2020 2021 2022


Note: The state support benchmark for China and OECD countries covers the same forms of support calculated for China’s medtech firms, namely subsidies, tax benefits, below-market borrowing and below-market equity


12 Sources: Company financial data, OECD, MERICS


Below-market equity upper estimate


Below-market equity lower estimate


Below-market borrowing


Tax benefits Subsidies


State support benchmark for China


State support benchmark for OECD countries


19% 29%


Other medical devices Diagnostic imaging Medical consumables Patient aids


Orthopaedics and prosthetics Dental devices


Source: Deloitte Analysis © 2024. Medical Device Developments / www.nsmedicaldevices.com 51% Medtronic


world’s ageing population, approximately 1 in 4, expected to be 65+ years old in 2050.


Source: APACMed, WHO, UN


Chinese Medical Device Segment Market Share (2021)


4% 8% 13% $30.1bn 28%


The percentage of consumers in the APAC region who are willing to pay more in healthcare.


Source: Bain & Company


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