Across Asia, rapid economic growth has fueled the growth of a new middle class. These people -- from China to India to Indonesia -- are spending more and more money on healthcare. Medical device markets across Asia have posted average growth rates... Read More
As profit margins in Western markets plummet, multinational pharmaceutical companies are targeting emerging markets like China for future revenue growth. China is set to become the worlds second-largest pharmaceutical market by 2016. It currently ranks third, with an estimated value of $70... Read More
Like many other Asian countries, Hong Kong is developing a more regulated, harmonized system for medical device manufacturers and importers. Though registration is currently voluntary, manufacturers will soon be required to register their products. Get a head start by viewing our webcast... Read More
Malaysia’s Ministry of Health (MOH) has been working for several years on gradually establishing a medical device registration system. In February 2005, they announced the Medical Device Voluntary Establishment Registration program, abbreviated MeDVER. Implemented in January 2006, this is a system where... Read More
Vietnam ’s population totals around 84 million and its economy boasted a 7.7 percent GDP growth rate in 2004. While Vietnam’s healthcare industry is still developing, it is one of the faster growing markets in the global healthcare industry. In 2003, Vietnam... Read More
Japan's complex medical marketplace has been significantly deregulated in the past several years. The government has also taken some measures to be more open to foreign businesses, thus allowing more foreign companies to enter Japan's medical market. Several business and regulatory strategies... Read More
The Severe Acute Respiratory Syndrome (SARS) outbreak that occurred in the beginning of 2003 has caused many Asian countries to fortify their national health systems. Among them, China has announced 11 billion RMB (US$1.3 billion) in new funding for their troubled national... Read More
Before marketing its products in Japan, a medical device manufacturer must first obtain two types of documents from the Ministry of Health, Labor and Welfare (MHLW), the kyoka (license) and the shonin (approval). A kyoka essentially grants a medical device manufacturer or... Read More
The Singapore government has set aside another S$25 million (US$14.3 million) to distribute to promising companies in the life-sciences industry. Singapore’s Economic Development Board has already spent in excess of S$150 million (US$86 million) in 50 portfolio companies. The money will come... Read More
Japan is the world’s single largest medical market outside the United States. Product registration in Japan, however, is often complicated and difficult. The direct registration of medical products in Japan via the In-Country Caretaker (ICC) System can help foreign medical companies understand... Read More