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
The Philippines, a Southeast Asian country made up of more than 7,000 islands, has a population of over 100 million people, making it the 12th most populous country in the world. The population grows by approximately 1.5 million people each year. The... Read More
Introduction Cambodia is a developing nation in ASEAN with a recent history of political stability. Cambodia gained independence from France in 1953 but was devastated by a war with Vietnam. The Cambodian-Vietnamese War ended in 1991, but the country only achieved political... 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
Korea has emerged as a leading pharmaceutical market and global hub in Asia over the last two decades. With a population of 50 million, Korea is the third largest pharmaceutical market in the Asia-Pacific region. Market Size and Growth In 2016,... Read More
A former British colony, Hong Kong is a Special Administrative Region (SAR) of the People’s Republic of China on the coast of the South China Sea. According to the IMF, Hong Kong has the second-highest GDP (PPP) per capita in the Greater China... Read More
In the past three years, the number of medical device patent applications submitted in Korea has risen by 30%. This trend follows the country’s rising demand for medical devices due to its aging population and rise of chronic diseases. The Korean Intellectual... Read More
China’s government is working to use clinical pathways and diagnosis-related groups (DRGs) to curb the country’s spending on healthcare. Adding on to the 1,010 pathways published in December 2016, the China Medical Association (CMA) published 202 clinical pathways for specific indications in... Read More