GE Healthcare, Abbott, Johnson & Johnson and Boston Scientific are
examples of some of the biggest medical device manufacturers that decided to
work together and form the first industry trade group in Asia. The group is
called APACMed: Asia Pacific Medical Technology Association and expects that
the Asian governments and regulators will take their interests more seriously,
since now they are united - which makes their voice stronger.
The region is known for their fragmented market and APACMed CEO Fredrik Nyberg explains that it was important
to start working together and form an industry group to more effectively affect
change in regulations, treatment guidelines, laws and ethics. APACMed
hopes the group will include local companies, since all of the founding APACMed
members are western companies. However, their leadership is already speaking
with a number of companies in Japan, Korea, China and Singapore, as well as an
Indian industry association.
“In some markets, the challenge is in establishing
better medical infrastructure like hospital beds and an adequate number of
doctors. But in others, the issue is how to train medical professionals on the
latest technologies or to get reimbursed for innovative products”, according to
APACMed chairman Vladimir Makatsaria.
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