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Medtronic and other foreign medical device players face more competition in China

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11-Dec-14 Medtronic will turn over more than USD900 million in China this year, up from only USD50 million ten years ago. Its China strategy is multi-faceted, involving imports, local R&D, patient education and M&A. Despite this success, the advantage Medtronic - along with other foreign device makers - has carved out, is increasingly under pressure from local players, whose ability to innovate and drive costs down via frugal engineering is creating a new standard of excellence. [image: China Business Review]

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Korea to increase investment in overseas hospitals in 2015

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10-Dec-14 Korea’s National Pension Service is ramping up to focus on investments in overseas healthcare markets in 2015, in the interest of income source diversification. Major Korean corporations such as Samsung have already started investing in hospitals abroad, for example in Turkey. [image: Business Korea]

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Levelling the field for medical device manufacturing in India

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10-Dec-14 India’s fast-growing medical devices market is dogged by tax and regulatory anomalies and malpractices, making it difficult for local manufacturers. Good news: These problems will be addressed soon by the Drugs & Cosmetics (Amendment) Bill 2014, which is expected to be passed in the current parliament session. [image: PV Sivakumar_The Hindu Business Line]

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China healthcare draws investors

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10-Dec-14 Mergers and acquisitions in China’s healthcare sector rose to a record USD11.3 billion in the first 11 months of 2014, up 13% from a year earlier. A combination of ageing population and increasing affluence is driving the deal-making, coinciding with sweeping reforms by Chinese government. [image: Feucht Blog]

For more about China's healthcare sector, download our free 20-page whitepaper: China healthcare market opportunities

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Important advance for incurably ill in Mexico

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10-Dec-14 The Mexican Health Ministry has taken an important step to ensure access to palliative care for people suffering from pain due to incurable illness, releasing long-awaited guidelines that will put into practice the provisions on end-of-life care outlined in the country’s 2009 health law. Seven of Mexico’s 32 states have no hospitals offering palliative care. [image: Human Rights Watch]

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