Medical device manufacturing is increasing in Asia, driven by demands from the healthcare sector, increasing numbers of patients suffering from chronic conditions, and an expanding research environment. GlobalData’s APAC Medical Devices Industry Landscape 2022 report forecasts annual sales reaching $225bn by 2030 as the region continues to advance.
There are currently 2,200 medical devices in development in Asia, with GlobalData estimating the approval of more than 500 over the next 12 months. The uses of these pipeline products vary, but in-vitro diagnostic devices make up the largest portion, followed by cardiovascular, general surgery, and neurology devices.
This aligns with wider healthcare trends in the wider APAC region, which recorded the highest number of clinical trials in 2023 according to GlobalData’s annual scorecard. China led globally, joined by two other Asian nations in the top five, which were India and South Korea. India and Thailand also recorded table-topping expenditures on medical tourism in 2023, indicating the countries’ international clinical reputations.
The latest medical innovations in Asia
One event highlighting healthcare innovation is Medical Manufacturing Asia. The event will be held at Marina Bay Sands, Singapore, bringing together upstream and downstream producers to showcase some of the innovations taking place across the industry. Medical Manufacturing Asia will be co-located with Medical Fair Asia, a similar event focusing on clinical equipment and supplies.
Entering its sixth edition, Medical Manufacturing Asia is due to host more than 170 exhibitors from 24 countries and regions. Such global recognition is evidence of the profile established by both events and Southeast Asia as a location for industrial advances.
Design, development and manufacturing expertise for advanced medical solutions
Among the exhibitors at Medical Manufacturing Asia is Alleima, a trusted partner of leading OEMs and medical device companies to design and develop wire-based solutions for state-of-the art medical devices. With its broad range of core and customized capabilities including fine wire drawing, nitinol braiding and shape-setting, electroplating and coating to name a few, Alleima offers tailor-made services to its clients’s specific needs. Current applications span a variety of sectors, including cardiac rhythm management, cochlear, electromyography, oncology and urology as well as orthopaedics and ophthalmology.
Alleima’s expertise is also being called upon regularly in cardiovascular and neurological devices, two key areas of product development in the Asian medical market. Together, these categories account for more than 370 of the region’s medical devices in the pipeline. In partnership with clients, Alleima is committed to maintaining its position at the forefront of metallurgical technology, designing, developing and producing tailored supplies for the development of ground-breaking new devices.
Medical Manufacturing Asia enables visitors to find solutions to their industrial needs and build connections on an international scale. The event runs from 11-13 September.
To learn more about Alleima’s processing capabilities and engineering solutions, or to speak with a representative about your medical device needs and challenges, you can find the company at stand 2V19. You can read further information about the company’s capabilities by reading the document below.
