22-Jul-16 China must take steps to overhaul its healthcare sector as expenditures will be difficult to sustain in a slowing economy, says a World Bank report. The study found that expenditures would grow 9.4% annually from 2015 to 2020, while GDP is projected to grow at 6.5%, meaning health costs would rise from 5.6% to over 9% of GDP by 2035. [image: How Hwee Young / European Pressphoto Agency]

21-Jul-16 Singapore's biggest healthcare provider Raffles Medical Group will spend SGD1 bn (USD737 mn) over the next three years to set up hospitals and clinics in Asia, group chairman and co-founder Loo Choon Yong said. About SGD600 mn will be used to spur growth outside Singapore, particularly in China, where an ageing population and reforms are expected to boost demand. [image: Raffles Medical Group/ST File]

19-Jul-16 Chinese people, now becoming increasingly tech-savvy, are embracing Internet-based medical care, according to a recent survey by Accenture. 70% had opted for online medical services via a mobile app or WeChat. 75% had searched for medication and information on medication online. Up to 60% said they had used “online doctor” consulting services. [image: Long Wei / China Daily]

10-Jul-16 In a medical power shift in Asia, China is catching up fast with Korea and even Japan. Although it is still unclear how much money China spends on medical R&D, the country now makes up 20% of the world's total R&D expenditures, second only after the US (27%), according to the 2016 Science & Engineering Indicators report. [image: Korea Times / Jung Min-ho]

05-Jul-16 India is making steady progress in the export of drugs around the world. India's Commerce & Industry Ministry said "India's pharmaceutical exports continued their lead over China in 2015." However, experts warn this trend will wane if Indian firms continue to depend on Chinese raw materials. [image: Pixabay]