As the pharmaceutical industry’s expansion into emerging markets meets the desire of Asian governments to speed approval of innovative products, demand for clinical trials is soaring in the Asian region. By 2021, the global market for clinical trials is expected to reach... Read More
This article was originally published on Medtech Intelligence. This article is a continuation of the two-part series on the hospital sector in Asia. Last month’s article focused on China’s hospital growth. This month’s article will expand on the status and prospects of... Read More
On August 3, in response to the Trump administration’s threats to add $200 billion of tariffs on Chinese goods, the Chinese Ministry of Commerce announced that they will tax 5% to 25% on an additional $60 billion worth of U.S. goods. The... Read More
South Korean health authorities are slashing the amount of time required to approve new medical devices before they can be brought to market in the country. The shorter approval period, announced on July 19 by Korea’s Ministry of Food and Drug Safety... Read More
Mercer, the large human resources consulting firm, predicts solid employment and wage growth throughout the Asian region in 2018 to 2019. One of the strongest areas for growth will be in the life sciences industry in China. Since there has been a... Read More
Many Chinese citizens today are demanding better drugs and treatments for diseases. IQVIA Holdings predicts that the China drug market will grow by 30% over the next few years, reaching $170 billion in sales. Last year, China added about 100 Western drugs... Read More
Under popular pressure to boost the affordability of cancer medications, China’s health insurance regulator announced in August that it will add a range of cancer drugs to the list of those already covered by the national medical insurance system. At the same... Read More
This article was originally published on Medtech Intelligence. Hospitals in key Asian countries are enjoying strong growth prospects, spurred by aging populations, a rising middle class, an expansion of public health insurance, and the encouragement of private and foreign investment in the... Read More
The market in India for in vitro diagnostics (IVDs)—the simple but effective laboratory tests on tissue samples used to detect diseases, conditions, and infections—is growing by a rapid 8.6% annually, according to a report from The Business Research Company. India’s IVD market... Read More
One year after Singapore launched an initiative to establish itself as a regional leader for artificial intelligence (AI) research and entrepreneurship, the city-state is well on its way to harnessing the power of intelligent computing to tackle some of its most pressing... Read More