Asia’s medical market is worth about $200 billion and is expected to grow exponentially each year going forward. The population in Asia is over 4 billion and the Asian middle class is growing very quickly. Thus, there is an increasing demand for quality medical devices and drugs in Asia.
However, it is important to understand each Asian country is different in terms of their local medical market, business approach, and their medical regulatory bodies. Each Asian country also has a different culture that needs to be considered when working in the region. Western medical companies can find tremendous opportunities for growth in Asia, but they need to be able to navigate through these complex issues to succeed. PBM, founded in 1988, has over 24 years of experience helping international medical companies succeed in Asia.
PBM provides business and regulatory assistance in 12 Asian countries - Japan, China, India, Korea, Taiwan, Hong Kong, Singapore, Malaysia, Indonesia, Thailand, the Philippines and Vietnam. PBM’s services in Asia include business and regulatory strategy, product registration, distributor/partner search, local representation, market research, sourcing, and setting up local manufacturing facilities. Please see our services page to learn more.
PBM has the knowledge and expertise to help your company achieve your business and regulatory goals in Asia. If you need assistance in Asia, please contact us for a free consultation or check out our publications below on Asia’s healthcare market.