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In Asia, worries over healthcare costs grow as populations age

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30-Sep-16 By 2030, the number of elderly people in Asia is forecast to increase by 200 mn, a more than 70 percent increase in contrast to 31 percent in Europe and 55 percent in North America. Marsh & McLennan estimates the cumulative cost of elderly healthcare in Asia over the next 15 years could reach USD20 tn. [image: VOA News]

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German medtech firm Biotronik opens plant in Singapore

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30-Sep-16 German medtech firm Biotronik opened an expanded production plant in Singapore. The firm produces implantable pacemakers, defibrillators and stents. "This small nation of 5.5 mn people is the fourth-largest exporter of high-tech goods in the world... We will be manufacturing components for Biotronik's latest and most innovative products for distribution around the world," said Erik Trip, Managing Director. [image: Biotronik]

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Bangkok Dusit plans USD370 mn healthcare centre

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30-Sep-16 Bangkok Dusit Medical Services (BDMS), Thailand’s largest hospital operator, plans to spend THB12.8 bn (USD370 mn) to build a luxury healthcare centre to serve rising demand from tourists seeking premium medical services. The clinic will focus on anti-aging, neuroscience and brain health. [image: Customs Today]

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Korean hospital culture undergoing major surgery

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30-Sep-16 The Kim Young-ran Act, which came into force on 28-Sep-16, bans receiving gifts worth more than a certain amount, and complying with unfair requests. The law is also expected to change 'rebate culture,' which harms fair competition in Korea's pharmaceutical industry. For a long time, the culture was pervasive. [image: Business Korea]

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China ophthalmology worth USD3.6 bn amid strong burst of growth

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 Articles

Rising diagnosis rates, government initiatives, social trends and diabetes are contributing to a strong burst of growth in the ophthalmology market in Asia. Rising numbers of affluent patients, national health insurance and the emerging middle classes are fuelling spending, including a USD3.6 bn market in China, where M&A in the sector is picking up rapidly. [Image: Embassy of PRC]

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