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Emerging medtech hubs around the globe

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04-Feb-16 SThe US and Europe are the traditional leaders in medtech, but others are hot on their heels. China's market is expected to grow at 7.4% until 2019. Medtech companies in Mexico save 19% on manufacturing costs compared with the US. Turkey's industry is expected to grow at 8.5% until 2018, and Malaysia supplies 80% of the world market for catheters. [image: MD+DI]

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Italian health companies eye potential in China

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03-Feb-16 Italy's medical device companies are looking at the development potential in China, one of the markets where Italy's exports of medical devices have increased the most - by 24% in 2014 - with an export value of EUR310 mn (USD430 mn). Italian companies already present in China include DiaSorin, a biotech group specialized in in-vitro diagnostics. [image: Ambasciata d'Italia Pechino]

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Australia's health spending reaches AUD6,248 per person

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02-Feb-16 The cost of Australian healthcare has grown about 4% annually over a decade to AUD6,248 (USD4,449) per person. This was not due to either inflation or population growth rates, which were both factored in to the results. The growth was driven by a range of factors, including medical advances, the ageing population and an increase in people suffering chronic illnesses. [image: Alex Ellinghausen]

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Parkway to build USD70 mn hospital in Yangon

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01-Feb-16 Parkway Pantai is set to open a USD70 mn, 250-bed hospital in Yangon, in a bid to capitalise on the largely untapped healthcare market of Myanmar. Parkway Yangon will be Parkway Pantai's first hospital in Myanmar, where demand for quality healthcare is growing. The hospital is expected to open in 2020. [image: IHH]

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Regulations hamstring smart healthcare in Korea

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01-Feb-16 At the 2012 Yeosu Expo, SK Telecom showcased its vision for remote healthcare. But "zero progress has been made on the smart health platform” said a manager at SK Telecom this year. “There is nothing we... can do about it because the law prohibiting remote diagnosis and treatment of patients remains unchanged." [image: Joongang Ilbo]

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