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Industry Perspective
for Medtech industries in Singapore
MedTech Industry Makes A Steady Climb
Asia-Pacific’s medical technology (MedTech) industry makes a steady climb up the MedTech global arena. McKinsey reports that by 2023, the MedTech market in Asia-Pacific (APAC) will reach US$137 billion (S$184 billion) to become the second-largest regional market, overtaking Europe. During the period (2017-2023), APAC will also be the major growth engine among global MedTech markets, contributing 35 percent of total incremental growth...
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