Japan has the second largest medical device market in the world. How you determine whether product registration makes sense is largely a function of the device reimbursement. All too often, a medical device company will go through the regulatory hurdles and long... Read More
In April 2010, Japan officially updated its reimbursement prices. The complete details of this update were released on the Ministry of Health, Labour and Welfare (MHLW) website on September 1, 2010. This update has led to an overall net positive 0.19% change... Read More
The global recession has left medical companies scrambling to find new markets. China's GDP, adjusted for purchasing power parity, is currently second in the world and has surpassed Japan's. Medical companies should focus on this growing market. However, before entering the Chinese... Read More
Taiwan’s Department of Health (DOH) has been proposing a “Second-Generation National Health Insurance” bill (2G NHI Bill) since March 2010. Although President Ma Ying-jeou is advocating a quick implementation, legislators are still reviewing the details. The most recent topic of discussion is... Read More
Last month, the Chinese government announced sixteen new priorities of the ongoing Health Care Reform. These priorities draw attention to public hospital reform, medical insurance, and essential drugs. They will take top precedence from April 2010 until the end of March next... Read More
Today, everyone knows that China’s medical markets are the fastest growing in the world. But the vast territory and the various provincial markets can be difficult to maneuver. How do you find the right China medical device distribution network? Would a national... Read More
India combines many opportunities and many challenges for the medical device industry. India’s medical device market is currently the fourth largest market in Asia. With projected growth rates of 12-16% for the next five years, one cannot ignore India’s potential and vast... Read More
Japan’s Ministry of Health, Labor, and Welfare (MHLW) has proposed reimbursement changes which will be finalized by April. Medical device reimbursement prices are revised every two years in Japan. The MHLW posted the proposed changes on their website on February 13, 2008.... Read More
When medical companies think of bringing their products to the Asian markets, they typically think of larger countries like China, Japan, or Korea first. However, other smaller Asian countries such as Singapore and Malaysia can be worthwhile destinations as well. Although they... Read More
Japan’s government is planning to reevaluate its current reimbursement system and make appropriate cuts to reduce national medical spending. The main regulatory body responsible for deliberating reimbursement prices is the Central Social Insurance Medical Council (Chuikyo) . In the current system, every... Read More