Developed countries such as Japan, China, Germany and the US are the largest markets for medical devices, accounting for a quarter of global demand. According to Euromonitor, Asian Pacific countries are key for the future of medical devices due to their ageing populations. In the next decade, Asia Pacific’s population over the age of 65 will grow by five percent each year. In addition, the Chinese government is pouring money into healthcare programs, adding to the demand for medical devices.