Globally, companies have been using the aid of artificial intelligence (AI) to accelerate the drug development process. Due to Japan’s slow drug discovery process, the health ministry plans to make AI technology available to pharmaceutical companies to streamline drug development. The government... Read More
The Myanmar Ministry of Commerce issued Notification No. 11/2016 in 2016. The notification removed trade restrictions on foreign-owned joint venture companies. These trade restrictions previously prevented companies from trading in classes of goods related to medical equipment. The notification outlines the process... Read More
This article was also published on MedTech Intelligence. Recent medtech growth trends emerging from the Asian countries are providing opportunities for Western medical device companies to expand their businesses. While North America provides the largest market for global ophthalmic devices, studies indicate that... Read More
Yoshihiko Hatanaka, the president of the Japan Pharmaceutical Manufacturers Association, stated in a September 2016 meeting that he is hopeful that developments in regulatory science, such as the Regulatory Science Center, will be able to promote innovation for future healthcare. In June... 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
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
South Korea’s first all-around health care development plan, released in 2016, places heavy emphasis on regenerative medicine. South Korea’s regenerative medicine market is growing extremely rapidly, with annual growth rates over the next ten years expected to be in excess of 20%... Read More
As part of an effort to simplify its requirements for clinical trials, Singapore is streamlining its regulations for imported medical device products used in clinical trials. These new regulations were announced in July 2016 and will go into force November 1, 2016.... Read More
In August 2016, India began construction on its first domestic medical device park. India has a robust domestic pharmaceutical sector, but its domestic medical device manufacturing sector remains very underdeveloped. Device imports comprise close to 70% of all devices used in India.... Read More
This article was also published on MedTech Intelligence. 3-D printing has revolutionized product customization and digital manufacturing in various industries. In many instances, it is not only faster and less expensive than alternative manufacturing methods, but also numerous types of material can be... Read More