New bills aimed at promoting the use of medical devices have been introduced in Korea’s National Assembly. The government is aiming to boost the devices industry as it pursues broader reforms to expand national healthcare coverage to include all previously non-reimbursed services... Read More
The rise of more advanced treatments and medical facilities in Asia is driving strong growth in the market for endoscopic devices, according to a report by Transparency Market Research. The use of endoscopic devices in the diagnosis of various diseases and infections... Read More
This article was originally published on MedTech Intelligence. From manufacturing medical devices and dental implants to bioprinting organs for transplant, 3-D printing is on the verge of revolutionizing healthcare in the coming years. With the 3-D printing market for medical devices alone expected... Read More
The Asia-Pacific medical imaging market is expected to grow at a compound annual growth rate of about 10 percent from 2017 to 2021, according to a report by Technavio. The growth is being driven by technological advancements such as 4-D medical imaging,... Read More
This article was originally published on MedTech Intelligence. Chronic diseases, also known as non-communicable diseases, are responsible for approximately 70% of all deaths globally, according to the World Health Organization. The four main categories of chronic diseases are cardiovascular disease, cancer, respiratory... Read More
This article was originally published on MedTech Intelligence. Asian governments have decided that developing new and more medical device products will bring growth (and profits) to their countries and enhance their domestic healthcare systems. Thus, we now see many new Asian governments... Read More
South Korea announced in October 2017 that it will invest 63 billion won ($56 million) in the development of personalized medicine, using big data to foster start-up companies in the biotech industry through 2021. Of the total, 43 billion won ($40 million)... Read More
Just under 30,000 convenience stores in South Korea now sell over-the-counter drugs, after they were granted approval in November 2012 to supply four groups of medicines: antipyretic analgesics, cold medicines, digestive drugs, and pain-relief patches. The 29,813 stores that now sell OTC... Read More
As part of the Korean government’s increased focus on the safety management of medical devices, the Ministry of Food and Drug Safety (MFDS) has released a draft of updated safety regulations in the fall of 2017. These changes include: For adverse events... Read More
This article was originally published on MedTech Intelligence. Introduction Sports medicine is the treatment of injuries or health problems related to exercise, sports, or any other health activity. Asia accounts for approximately 15 percent of the global sports medicine market, which was... Read More