In the Asia-Pacific (APAC) region, the medical technology (med tech) sector's revenue in 2025 was estimated to be nearly 135.2 billion U.S. dollars, with East Asia accounting for around 100 billion U.S. dollars and Southeast Asia's revenue reaching approximately 14.1 billion U.S. dollars. The med tech sector's revenue in APAC was projected to grow to 174.1 billion U.S. dollars by 2029.
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Medical technology revenue in the Asia-Pacific region from 2020 to 2029, by subregion
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Data provided by Statista Market Insights are estimates.
Definition: The Medical Technology market covers devices and products used for prevention, diagnosis, and treatment of diseases. Next to pharmaceuticals, they form the most important category of medical products. The most well known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants.
Structure: The Medical Technology market consists of two markets, In Vitro Diagnostics (IVD) and Medical Devices. The IVD market covers products used for medical laboratory testing of specimens derived from the human body. The Medical Devices market covers a broad range of products which are further marketed into medical specialties or types of application: Cardiology Devices, Diagnostic Imaging Devices, Orthopedic Devices, Ophthalmic Devices, and General & Plastic Surgery Devices. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.
Additional information: Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.
Company examples: Medtronic, Johnson & Johnson, Abbott Laboratories, Siemens Healthineers. Further information on the key players can be found in the Market Shares boxes.
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Statista. (August 29, 2024). Medical technology revenue in the Asia-Pacific region from 2020 to 2029, by subregion (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 19, 2025, from https://www.statista.com/forecasts/1461585/apac-medical-technology-revenue-by-subregion
Statista. "Medical technology revenue in the Asia-Pacific region from 2020 to 2029, by subregion (in billion U.S. dollars)." Chart. August 29, 2024. Statista. Accessed February 19, 2025. https://www.statista.com/forecasts/1461585/apac-medical-technology-revenue-by-subregion
Statista. (2024). Medical technology revenue in the Asia-Pacific region from 2020 to 2029, by subregion (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 19, 2025. https://www.statista.com/forecasts/1461585/apac-medical-technology-revenue-by-subregion
Statista. "Medical Technology Revenue in The Asia-pacific Region from 2020 to 2029, by Subregion (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/forecasts/1461585/apac-medical-technology-revenue-by-subregion
Statista, Medical technology revenue in the Asia-Pacific region from 2020 to 2029, by subregion (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1461585/apac-medical-technology-revenue-by-subregion (last visited February 19, 2025)
Medical technology revenue in the Asia-Pacific region from 2020 to 2029, by subregion (in billion U.S. dollars) [Graph], Statista, August 29, 2024. [Online]. Available: https://www.statista.com/forecasts/1461585/apac-medical-technology-revenue-by-subregion
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