Asia-Pacific Regulations Driving Innovation in Healthcare
Innovation is fundamental to the growth of the healthcare market. In recent years, many governments in the Asia-Pacific (APAC) region have rolled out favorable regulations to encourage innovation in the healthcare industry. This article examines two types of government regulations that can promote innovation in healthcare. First, Frost & Sullivan discusses government initiatives in driving the growth of healthcare research and development (R&D) by highlighting those adopted in China, South Korea, Taiwan, and Singapore. These countries showcased the highest increase in R&D investments between 2009 and 2012. Second, by focusing on the Association of Southeast Asian Nations (ASEAN), we look at policies that aim to enhance the delivery of and access to healthcare products and services.
About this report
The following article is an abstract of some recent whitepapers developed by Frost & Sullivan on the evolving regulatory policies impacting healthcare in Asia-Pacific (APAC). Government initiatives and incentives in the APAC have resulted in increasing investment in research and development (R&D) in healthcare, while free trade economics across the region as well as emerging market growth have created the demand for pharmaceutical and medical device products. These trends have made APAC an attractive market that supports innovation while driving consumption, a paradigm shift to which market participants are adapting themselves by leveraging "Built-in-APAC" strategies.
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