By Ames Gross, President, Pacific Bridge Medical
Japanese elder care market: 4 key medical device segments
Pacific Bridge Medical
Q&A on the Chinese cancer market
With Asia Medical Market Expert Ames Gross, Pacific Bridge Medical
Q1. Is cancer a big issue in China?
A. Cancer is the #1 cause of death in China. More than 3.5 million Chinese develop cancer every year – and cancer causes more than 2.5 million deaths annually. According to the WHO, China accounts for half of global stomach, esophageal and liver cancer cases. And, these numbers are skyrocketing every year.
Q&A on Japan’s mixed medical treatment reforms
With Asia Medical Market Expert Ames Gross, Pacific Bridge Medical
China Simplifies Medical Device Re-registration in 2014
By Ames Gross, Pacific Bridge Medical
On December 17, 2013, the China Food and Drug Administration (CFDA) announced a streamlined device registration renewal process that took effect on January 1.
Indonesia introduces updates to medical device accessories rules, e-registration system
By Ames Gross, Pacific Bridge Medical
Indonesia has introduced updates to its electronic registration platform for medical devices, in preparation for its integration with the regulatory system of the Association of Southeast Asian Nations (ASEAN) in January 2015. It has also clarified rules for customs integration and declaring medical device accessories and spare parts.
Japan tops Q1 growth estimates
A key market for the medical device industry showed some strong signs of life today, following sobering economic news out of Europe yesterday.
Japan, the world’s 3rd-largest economy and 2nd-largest medical device market, reported that its gross domestic product grew at an annualized rate of 3.5% during the 1st quarter and is up 0.9% from the previous quarter. Analysts had predicted a 2.8% annualized growth rate and 0.7% growth for the quarter.
The Healthcare Market in Singapore
By Ames Gross
Singapore boasts one of the highest GDP per capita in the world at $59,000 and this places ahead Singapore ahead of the US, Germany, UK and Japan. More importantly, the Singaporean economy is still growing strongly despite the global economic slowdown. With their 2011 GDP of $315 billion, the Singaporean economy is larger than that of Portugal, Norway and Ireland – despite having a much smaller population.
China’s Hospital Market
By Ames Gross
Introduction
The 2009 Chinese healthcare reform has been a catalyst for high growth in the hospital industry in China. Almost one-third of the reform proposals were aimed towards constructing new medical facilities. As a result, $40 billion of spending has been channeled into China’s hospital market.
This article aims to provide an overview of the China’s hospital market as well as highlight several key points about selling medical devices to these hospitals.
Introduction to Chinese Hospitals
Overview of the Asian Cardiovascular Devices Market
By Ames Gross
Introduction
Cardiovascular disease is one of the leading causes of death in Asia. According to the WHO, more than 57% of the 16.5 million people who die annually from cardiovascular diseases are from Asia. Cardiovascular disease is prevalent in Japan, China, India and Southeast Asia. This disease will increase all over Asia as rising incomes continue to change the lifestyles of Asians who now consume more Western fast food, smoke more and exercise less.
Asian regulatory update: China’s new five year plan shifts focus to domestic medical devices
China’s 12th Five-Year Plan outlines three initiatives with respect to medical devices:
- 1. Increase the development of China-made medical equipment.
- 2. Implement centralized procurement
- 3. Purchase domestic medical devices.
The health care reform for the domestic medical device industry provides unprecedented opportunities for Chinese biomedical development.
Asian regulatory update: Medical devices in Malaysia to register with Health Ministry
Medical devices in Malaysia to register with Health Ministry
Malaysia will soon introduce its Medical Devices Act by the end of 2011. This Act is expected to be established when the current Medical Devices Bill 2008 is presented to the Malaysian Parliament either at the end of March 2011 or in June 2011.
The new Medical Devices Act will require imported and local medical devices to be registered with the Health Ministry of Malaysia. This is to ensure quality products in medical treatments, as well as to legally protect the medical devices under the country’s patent law. Currently, registration of medical devices is not mandatory in Malaysia.
