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
There are several steps to consider when entering the Asian medical device market. This presentation covers 10 essential steps to help grow your business in Asia. Case studies will be used to demonstrate key points. To view these presentation slides, please click... Read More
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
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
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
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