The demand for sophisticated medical devices and high-quality healthcare services is surging in the emerging markets owing to rising disposable income, increasing medical insurance penetration, a growing medical tourism industry, and a reformed healthcare system driven by national governments.
The ongoing economic development in the emerging nations presents lucrative and abundant opportunities for medical device manufacturers to tap into the thriving markets with tailor-made, targeted, and user-defined products. However, foreign organizations would need to consider factors such as the regulatory approval process, permitted distribution and sales channels, and the ease of collaboration with domestic value chain stakeholders to create a successful entry strategy.
Read our whitepaper to learn about:
- An overview of the MedTech industry in emerging economies
- Opportunities and challenges for the medical device manufacturers
- Developing medical devices for emerging markets