Targeting this region could expedite your company’s growth.
As the incidence of GI conditions grows, device companies in this segment should explore expansion in the region.
In lieu of trials, some companies may be able to submit a CER.
The booming industry is creating new opportunities for medtech manufacturers.
The rise in healthcare spending, jump in Western diseases, and increasing aging population are driving the market.
As the incidence of diabetes across Asia expands, demand for medical devices and drugs to treat the disease is intensifying.
With prices jumping in China, Western device manufacturers and suppliers are looking elsewhere.
Contributing factors include a change in lifestyle, an increase in wealth, and chronic infections in rural regions.
Companies recruiting Asian executives need to do double the due diligence than is customary for hiring a Western executive.
Most international medical device companies work with Asian distributors to sell their products in the local marketplace. Finding, qualifying, and signing up the right distributors is an important job since these distributors will sell your products locally. Another key aspect is who holds the registration.