The Taiwanese government has promised to invest US$1.6 billion for biotechnology research and development projects over the next several years. This is in addition to the approximately US$4 billion private Taiwanese companies have invested in this sector (a significant portion of private... Read More
The Chinese pharmaceutical market experienced approximately 12% growth in 2000 and has achieved similarly strong growth this year as well. However, despite this growth, price reductions have plagued the sector, cutting into profits. Driving this price reduction is a marked increase in... Read More
With 2000 sales over US$1 billion and demand for medical devices predicted to grow by 10% in 2001, South Korea is Asia’s second largest medical device market, after Japan. Imports from the United States increased nearly 60% in 2000 to US$308 million... Read More
While obtaining approval for pharmaceuticals is a cumbersome process in almost any country, the procedure can seem exceptionally complex and sometimes unfathomable in China. Registration of a new imported drug can take anywhere from 8 months to 2 years or more. Furthermore,... Read More
Japan’s pharmaceutical market is the second largest in the world – larger than that of France, Germany, and the UK combined. The total market size is between $50 and $55 billion. However, the market size, measured in dollars (or yen) is shrinking.... Read More
The US Trade Development Agency (TDA) estimates that developing countries in Asia will spend over $6 billion on healthcare technology over the next five years. There are at least 25 large-scale healthcare technology projects either underway or on the drawing board in... Read More
The pharmaceutical market in the Philippines is expected to grow 5% this year, to $294 million. Poverty and pollution both help to contribute to especially high incidences of diseases such as respiratory infections, cardiovascular disease, and diseases of the central nervous system.... Read More
Despite sluggish economies in some countries, Asia still represents future growth opportunities in healthcare products. Over the next 20 years, Asian healthcare markets are expected to grow at a rate two and a half times that of the West. A rising standard... Read More
As Asian countries continue to deal with growing elderly populations and the proliferation of heart disease and cancer as leading causes of death, healthcare systems are being revised and new medical device imports are in high demand. Despite Japan's strict regulatory regime... Read More
Physicians often run (and sometimes own) local hospitals in Japan. Because of this, they are the key decision-makers for most major hospital purchases. Thus, it is imperative that a manufacturer’s medical device appeals to Japanese doctors during both the pre-approval and marketing... Read More