Market Brief: Looking Beyond China And Japan For High Growth And Opportunity In Asian Medtech
With a combined value of $14.1bn in 2019, there are ten high-growth medtech markets worth watching in Asia.
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Part 1 of this month’s Asian Medtech Associations Regulatory Networking discussions features Asean medtech market developments and Asian Harmonization Working Party news. Part 2 was a guest presentation on the current Brexit and EU IVDR outlook. This feature is hosted by Medtech Insight, the Asia Regulatory and Quality Consultancy (ARQon) and the Asia Regulatory Professionals Association (ARPA).
The ground is shifting across Asia when it comes to how medical devices and diagnostics are regulated. Reforms throughout the region were evident in Medtech Insight's top 15 Asia regulatory and policy stories from 2018.
Amid repeated calls from industry that South Korea’s medical device regulations must catch up with a rapidly changing industry, the country has unveiled measures to reform the rules and nurture the sector, including efforts to accelerate market entry of cutting-edge devices.