We’re All Getting Older As of 2010, the average life expectancy for people in Asia is 70 ye

We’re All Getting Older
As of 2010, the average life expectancy for people in Asia is 70 years. The average life expectancy is expected to rise to 75 years within the next 30 years. Due to longer life spans, Asia’s elderly citizens are rapidly becoming a higher percentage of the overall population. The number of senior citizens is expected to continue to increase—by 2050, senior citizens older than 60 years of age are estimated to constitute 25 percent of the Asian population, a significant increase from 10 percent in 2012. Such demographic trends are leading to growth opportunities for Western medical device companies, especially those specializing in geriatric products. As Asia’s population ages, more Western devices will be needed.


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These three factors—population size, economic growth and aging populations—will continue to contribute to a robust Asian medical device market. The cardiovascular, diabetes, infection disease and orthopedic sectors are expected to experience the most growth within the Asian medical device markets. With such positive prospects for the future, Western medical device companies should give Asia serious consideration for further expansion and investment.