This article was also published on MedTech Intelligence. Recent medtech growth trends emerging from the Asian countries are providing opportunities for Western medical device companies to expand their businesses. While North America provides the largest market for global ophthalmic devices, studies indicate that... Read More
According to the World Health Organization (WHO), the over 60 global population will double from 11% to 22% between 2000 and 2050. One of the diseases that elderly populations are more prone to are gastrointestinal diseases. This problem is driving the need for endoscopic devices. Typically, doctors and elderly patients prefer minimally invasive surgeries. Other factors that... Read More
South Korea’s first all-around health care development plan, released in 2016, places heavy emphasis on regenerative medicine. South Korea’s regenerative medicine market is growing extremely rapidly, with annual growth rates over the next ten years expected to be in excess of 20%... Read More
This article was also published on MedTech Intelligence. 3-D printing has revolutionized product customization and digital manufacturing in various industries. In many instances, it is not only faster and less expensive than alternative manufacturing methods, but also numerous types of material can be... Read More
This article was also published on MedTech Intelligence. With the global rise of technological advances, robots have transformed from an idea of the future to a present reality. They are entering every industry, from military and agriculture to consumer products. More recently, medtech... Read More
Asia contains some of the world’s largest and fastest growing medical device and pharmaceutical markets in the world. The large and diverse populations found in the Asian countries makes the region an increasingly popular destination for clinical studies. There have been important... Read More
According to the Korea Herald, Korea’s Ministry of Food and Drug Safety is examining the possibility of allowing the limited use of 3D printed medical devices in one-time emergency situations. This would allow doctors to print devices for patients who have exhausted... Read More
This article was also published on MedTech Intelligence. The emerging Asian middle class will soon demand the same healthcare benefits and medical devices as those in Europe and North America. For medical device companies looking for future growth, Asia needs to be a... Read More
During the Bio Korea 2016 International Convention in March this year, the South Korean government announced that it would begin to actively support the country’s biotechnology industry. According to The Korea Herald, Prime Minister Hwang Kyo-ahn announced Seoul’s plans to facilitate the... Read More
In February 2016, South Korean lawmakers passed an amendment that allows the National Health Insurance Service (NHIS) to collect damages from pharmaceutical and medical device companies that violated data reporting guidelines. Under this new amendment, the NHIS can collect insurance losses from... Read More