Korea’s Ministry of Health and Welfare (MOHW) recently announced the “Health Insurance Coverage Policy”, which aims to increase reimbursement coverage to 70% by 2020. The new plan will cover close to 4,000 devices and medical services that are deemed essential to medical... Read More
Introduction Laos was a French colony until 1953 and then underwent a civil war. Laos achieved political stability in 1975 when the war ended. Then, beginning in the late 1980s, Laos’ communist government started market reforms and opening up to the world.... 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
Indonesia, an archipelago of over 10,000 islands, has a population of over 255 million, making it the fourth most populous country in the world. Indonesia is Southeast Asia’s largest economy, with a GDP adjusted for Purchasing Power Parity (PPP) of over... Read More
This article was also published on Medtech Intelligence. Asia is the largest and most populous continent in the world. With a population greater than 4.4 billion (or about two-thirds of the world’s population), there are tremendous medtech opportunities in the region. Nowadays,... Read More
Historically, device reimbursement in Korea, when available, has been about 50% of what it is in the West. The Korean Health Insurance Review and Assessment Service (HIRA) is planning to regroup medical device categories that are listed for reimbursement. The first regrouping,... Read More
Factors in Indonesia such as urbanization and a large, slowly aging population are driving the demand for quality healthcare. In 2014, the introduction of a universal health plan aiming to cover the entire population of 250 million people presents a tremendous opportunity for Western medical device and pharmaceutical companies to export their... Read More
This article was also published on MedTech Intelligence. The Association of Southeast Asian Nations (ASEAN) is an international organization made up of 10 countries in Southeast Asia, including Indonesia, Singapore, Thailand, Malaysia, Vietnam, the Philippines, Brunei, Laos, Cambodia and Vietnam. ASEAN has a... Read More
According to statistics from Japan’s Ministry of Health, Labor and Welfare (MLHW), spending on prescription drugs in Japan rose by almost 10% during fiscal year 2015. During that period, overall healthcare spending in Japan grew by less than 4%. Underpinning the rise... Read More
Even as China’s economic growth slows, its middle class is expected to continue expanding rapidly. As people get wealthier, one thing they consistently demand more of is healthcare. At present, less than 10% of people in China have private health insurance, and... Read More