APACMed has formed partnerships in the region, but also with MedTech Innovator based in the United States for screening startups in the Asia Pacific region. This reflects 40% of APACmed members being multinational MedTech companies. However 50% of APACMed members are startups from the region itself.
The Asia Pacific MedTech market is forecasted to become the 2nd largest in the world, yet has varying levels of maturity across a diverse number of countries. The region also has large numbers of the ageing population, but spends less than 5% on average in healthcare, for a region where the main disease states are in cardiovascular, orthpedics and diabetes.