Out of joint: Japan must nurture markets for innovative technologies
This article was originally published in Clinica
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Its ageing population and the need for new sources of economic growth is galvanising the Japanese government to build up its domestic medtech industry. Its action plan include coordinating policy from within ministerial silos, encouraging non-medtech manufacturers to diversify into the medical devices sector and using the needs of the elderly as a catalyst to create new exporting industries, writes Derrick Buddles, director of the Tokyo-based American Medical Devices and Diagnostics Manufacturers' Association (AMDD)
In Japan, orthopaedic products are classified into a few broad reimbursement categories. More specific categories and greater flexibility could free the market and close the so-called device gap, writes Derrick Buddles, member of the AMDD Orthopaedics Committee