Population Equation Asia is an attractive market for Western medical device companies due to the s

Population Equation
Asia is an attractive market for Western medical device companies due to the sheer size of its population. The global population is approximately 7 billion, with 4.5 billion people calling Asia home. The most populous country, China, has 1.3 billion people. India is close behind with a population of 1.2 billion. The smaller Southeast Asian countries also are highly populated. Indonesia has approximately 250 million people, and Vietnam has a population of 100 million. Southeast Asian countries also are becoming more developed with rapid economic growth; thus, they have a significant need for more advanced medical devices.