According to the research report titled ‘Asia Pacific Medical Products Market Size By End-use, Product, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, Asia Pacific medical products market is projected to surpass USD 8.2 billion by the year 2026.
 

Surging road accidents due to increasing number of on-road cars, booming geriatric population, and rising cases of sports & recreation related injuries are the major factors driving the growth of Asia Pacific medical products market.
 

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Further, upgradation of healthcare infrastructure in developing countries due to increasing investment in healthcare sector will contribute to the market growth in the coming years. Also, introduction of innovative technologies for assistive medical products is augmenting the market outlook across Asia Pacific region. On the downside, expensive assistive devices are likely to restrain the market growth in the forthcoming years.
 

Speaking of product spectrum, medical beds segment contributed 18% share to Asia Pacific medical product market in 2019 and is expected to register high CAGR over 2020-2026, due to increasing number of medical beds like gurney beds, patient beds, examination beds, and massage beds in public and private hospitals.  Introduction of advanced medical beds and growing number of hospitals in the region will bolster the demand for medical beds. According to the Ministry of Health and Family Welfare, there were more than 23,000 government hospitals in India in 2017.
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Moving on to end-use scope, APAC medical products market from home healthcare segment was remunerated at USD 1.9 billion in 2019. Numerous hospitals are opting to offer homecare facilities to growing burden of people with disabilities. Surging proportion of skilled medical professionals and rising number of home healthcare agencies are fostering the segmental share.
 

Geographically, China medical products market is projected to register 8.7% growth rate yearly through 2026, owing to increasing number of patients with disabilities due to prevalence of road accidents and sports injuries in the region. Moreover, demographic shift towards elderly population across the country will multiply the demand for medical products, hence swaying the market dynamics.
 

Key players in Asia Pacific medical products market landscape are Invacare Corporation, Hill-Rom Services, Cardinal Health, GF Health Products, Getinge AB, and Intco Medical Technology.