Industry Trends And Developments - Medical Devices Industry Round-Up

摘要

The Asia Pacific region will maintain its global economic outperformance, driven by expanding economies in emerging Asia, which will support above average medical device market growth. The aggressive spread of Covid-19 will continue to weigh on economies across the region and we now expect real GDP growth in Asia to average 1.9% in 2020, down from 4.3% in 2019, marking the slowest pace of growth since the 2009 global financial crisis. Asia will still outperform the global economy, which we now expect will see flat growth or a slight contraction in 2020, with growth forecasts remaining subject to significant downside risks. Cost containment measures in key medical device markets, along with rising political risks around identity politics and China's growing diplomatic hegemony across the region, will weigh on investor confidence and hinder regional performance.