Regulatory Update: Asia’s Largest Medical Device Markets
Posted 01 January 2008 | By
Asia's growth over the last five years has been phenomenal. China saw at least 10% annual growth in GDP between 2003 and 2006, and India's GDP figures progressed from 7% to 9% over the same period. These countries' medical device markets are growing at similarly high rates as their populations demand better healthcare to match their new living standards. On the other hand, Japan and Korea, with slower GDP growth (2% in Japan and 5% in Korea in 2006), are also attractive, mature markets for medical devices. This article discusses recent medical device regulatory developments in these major markets.