Introduction In 2016, Malaysia’s economy expanded 5% and the population was at 30 million. The country also has the third highest GDP per capita adjusted for purchasing power pairty (PPP) in ASEAN at $27,000, behind only Singapore and Brunei (International Monetary Fund,... Read More
Thailand, with a population of 68 million, is Southeast Asia’s third most populous country after Indonesia (256 million) and the Philippines (104 million). As the country continues to undergo economic growth and demographic changes, Thailand’s pharmaceutical market presents numerous opportunities for foreign... Read More
Hainan, a Chinese tropical island off the southern coast of China, is already a popular tourist destination, also known as China’s Hawaii. Recently, local government officials and medtech companies have committed billions to turn Hainan into a medical tourism destination too. Each... Read More
Today in the US, generic drugs make up 80% of the market and prescription drugs make up 20% of the market. In Japan, generic drug usage is less than 50%. Due to the rapidly aging Japanese population, healthcare costs are skyrocketing. Increasing... 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
Asia’s healthcare landscape is changing with its growing middle class. China, India and ASEAN’s middle classes are expected to grow by around 100 million people in the next ten years. Asia’s demand for healthcare will continue to grow with more people able... Read More
Studies have shown that Asians are at a higher risk of developing type II diabetes than Europeans. As Asia is continuing to develop, lifestyle diseases such as diabetes, hypertension, and high cholesterol are on the rise. About 70% of diabetes patients live... Read More
In April 2017, Japan’s health ministry announced plans to establish a computer network allowing all medical institutions in Japan to access patient medical records. Currently, it is difficult for medical institutions to share patient medical information, often leading to repeat exams and... Read More
This article was also published on MedTech Intelligence. Asia’s population is aging quickly. The demographics are changing rapidly with declining birth rates and increasing life expectancies, resulting in shifting healthcare trends. The WHO says “ageing well” must be a global priority, because the... Read More
Thailand is a leader in healthcare among ASEAN countries and the health sector is expected to grow by about 8% per year over the next five years. Universal Healthcare, known as Universal Coverage (UC) was introduced in 2003 and now, over 99%... Read More