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Myopia Remains High in Asia

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

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Orphan Drugs in Asia Report 2017

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

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Taiwan Drug Market Update 2017

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

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Asia Cancer Market Update

This article was also published on MedTech Intelligence. Government healthcare expenditures in Asian countries has been increasing steadily in recent years. According to a 2016 Deloitte report, the average annual increase in government healthcare spending in Asian countries is more than 6%,... Read More

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Asia Increases Efforts to Promote Vaccinations

Multiple countries in the APAC region have been experiencing outbreaks of preventable diseases in 2016.  The number of Singapore’s measles cases doubled in the first half of 2016 compared to the same time period in 2015, while Malaysia’s tripled from 2015 to... Read More

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Asia Behind in Health Economics

While the US and EU have been using health economics outcomes for drugs and devices for a number of years, Asia is behind in this area.  Much of this is caused by the lack of standardized systems, regulations, and resources needed to... Read More

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Demand for Endoscopy Devices in Asia Driven by Aging Populations 

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