On November 1, 1994 Ronald Brown, U.S secretary of commerce, and Takakuzu Kuriyama, Japan’s ambassador to the United States, signed the Medical Technology Arrangement (MTA). The agreement marked an important step opening to U.S. manufacturers Japan’s public sector procurement market for medical... Read More
Southeast Asia’s economic prosperity has encouraged governments to focus on revamping their healthcare systems. The healthcare sector in Vietnam has seen an expanded growth rate in recent times, and the government is eager to reform its medical insurance system and import more... Read More
This article provides information on the growing possibilities of the Indian medical market in the coming years. India’s increasing affluent middle class, the public versus private hospital question, growing rates of cancer and other deadly diseases, and local agreements between foreign device... Read More
This article gives an overview of the growing prospects for foreign companies in the Philippine medical device market. The government and the Department of Health (DOH) are encouraging greater investment of medical equipment, devices and pharmaceuticals under the proposed Investment Priorities Plan... Read More
This article gives a brief update on Malaysia’s medical device market. Malaysia’s medical device market is growing at a phenomenal pace, with foreign companies competing in the domestic market with virtually no local competition. Laboratory equipment such as spectrometers, X-ray apparatus and... Read More
Healthcare systems are fast becoming national priorities for all Asian nations, as economies begin to experience high growth rates. In South Korea, the addition of hospitals and demand for expanded healthcare facilities are grounds for the increase of medical device imports. The... Read More
Through an increased prosperity from export earnings, the Indonesian government has been able to focus more attention towards enhancing living standards. Hospitals have access to technologically-advanced equipment and public health centers are growing at a rate of about 4% per year. In... Read More
Singapore is one of the most technologically advanced societies among the ASEAN countries. Its extensive healthcare system, high health standards, comprehensive medical facilities and advanced medical market make the small city-state an ideal place for medical market investment. The Singapore Ministry of... Read More
Although China's healthcare system is run by the central government, its slow decentralization is prompting a multitude of changes. Chinese consumers have growing incomes and are looking for more advanced treatments, sometimes preferring Western-style treatments over Chinese traditional medicine. Additionally, hospitals are... Read More
Hong Kong's large open market economy has been encouraging foreign trade for decades, including the importation of medical devices. The U.S., Japan, China and Germany are all leading exporters in Hong Kong's medical device market and the market is already worth well... Read More