Sales potential for Western medicines in Hong Kong is substantial — approximately $1.6 billion is spent each year. Hong Kong’s pharmaceutical market grew 5.4 percent in 2000, the lowest increase in recent years. And with Hong Kong’s economy floundering, prospects for this... Read More
The pharmaceutical industry in Malaysia is currently valued at more than US$300 million and is growing at an average annual rate of ten percent. By 2005, it is expected to account for 45.9 percent of the entire healthcare industry, or US$539.47 million... 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
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
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
Finding and qualifying distributors in China can be a tricky process. Historically, all medical device and pharmaceutical distribution in China was done via State owned distributor companies who covered most of China but were very bureaucratic and not very market oriented. Abut... Read More
Despite U.S. companies’ relative success in the Japanese medical device and pharmaceuticals markets, over-regulation has continued to hamper U.S. cutting edge products’ access to Japan’s market. This hurts both U.S. manufacturers and Japanese citizens, who are denied access to innovative, cost-effective, life-saving... 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