At the end of June, Korea’s Ministry of Food and Drug Safety (MFDS) announced three major changes to the country’s Medical Device Act. The first requires that all Class IV medical devices undergo registration using the Summary Technical Document (STED) format starting... Read More
Together, the ten countries of the Association of Southeast Asian Nations (ASEAN) have a combined GDP of $2 trillion and a population of more than 600 million. Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Myanmar (Burma), Cambodia, Laos and Vietnam made up... Read More
The Thai pharmaceutical market is the largest in Southeast Asia, with a value of more than $4 billion in 2012. At its current rate of growth, it should more than double in size by 2020, when it is expected to reach a... Read More
Indonesia's pharmaceutical market is one of the fastest growing in Asia, expanding at an annual rate of 12.5 percent. It is currently worth $4.5 billion, about the same size as Taiwan's pharmaceutical market. But while Taiwan's economy is mature, Indonesia's is still... Read More
The pharmaceutical market in Malaysia is worth $3.2 billion, about three times the size of Singapore's market. It is growing rapidly, at a pace of 11 percent per year. As Malaysia's economy booms, spending on healthcare is up. The country's 28.9 million... Read More
The medical device market in Korea is growing quickly, at an annual average rate of 13.5 percent. It had a value of $3.9 billion in 2012, making it the third largest medical device market in Asia. Korea's medical device market is expected... Read More
The Philippines' market for pharmaceutical products is growing at its fastest pace in years, at about 13 percent annually. By 2014, experts predict that it will have a value of $4 billion. This would make the drug market in the Philippines almost... Read More
On March 28, 2013, the CFDA issued a notice about a new online medical device classification system established by the National Institute for Food and Drug Control (NIFDC). Before, device companies seeking classification confirmation for their devices would submit a paper classification... Read More
Japans health ministry has drafted a bill that could speed up the approval process for some medical devices in Japan. The bill has not gone before the Diet, but ministry officials say that they will submit their bill before the current Diet... Read More
The medical device market in Hong Kong reached about $850 million in 2012, and it is expected to grow at an annual rate of 8.5 percent for the next five years. This is a good sized market, considering Hong Kong's small population... Read More