On October 23, 2017, Taiwan’s Food and Drug Administration (TFDA) announced a new online platform to speed up the registration and review time for pharmaceutical products. Until now, pharmaceutical companies had to mail the necessary documents in paper and in electronic copies... 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
Heart disease is a major cause of death in Taiwan, second only to cancer. According to the Taipei Times, “Every 25 minutes, a person dies of heart disease in Taiwan,” the mortality rate of heart disease in Taiwan increased by 7% in 2016. Ischemic... 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
This article was originally published on MedTech Intelligence. In recent decades, Asia’s aesthetics medicine market has grown very quickly. According to the American Society for Aesthetic Plastic Surgery, global cosmetic procedures have increased by nearly 40% over the past five years, with... Read More
Myopia, also known as near-sightedness, is continuing to grow at an alarming rate throughout the youth population in Asia. Singapore, South Korea, Japan and Taiwan have traditionally been myopia hotspots, with over 80% of young adults affected by the condition. In recent... Read More
The Taiwan Food and Drug Administration (TFDA) has completed a draft of the new Medical Devices Act. The new act will effectively separate the management of medical devices from the existing Pharmaceutical Affairs Act. The draft proposal of the Medical Devices Act... Read More
Following the example of the U.S. FDA's Orphan Drug Act established in 1983, some Asian countries have developed orphan drug legislation, such as Singapore's Orphan Drug Exemption to the Medicines Act and Japan's Orphan Drug Amendment to the Pharmaceutical Affairs Law. While... Read More
This article was also published on MedTech Intelligence. The demand for orthopedic devices in Asia is thriving, primarily due to aging populations. The greater number of elderly adults results in a higher prevalence of osteoarthritis and other conditions leading to injuries requiring... Read More
Taiwan is a developed island economy on the East China Sea with a population of 23.4 million. According to the IMF, Taiwan’s economy grew at 2.2% in 2016, and its PPP adjusted GDP per capita is $48,000, compared to $41,300 in Japan... Read More