Ask anyone in the med-tech field, or any other manufacturing field for that matter, where the largest majority of emerging markets for their businesses reside and chances are they will say somewhere in Asia, with China being the first country to likely cross their lips. With more than 600 billion people and a combined GDP of $2.3 trillion, the ten nations that make up the Association of Southeast Asian Nations (ASEAN) are already experiencing dramatic economic growth. This is especially true of the medical device market, which in 2012 was worth more than $4 billion. Roughly 65% of the $4...
Stefan Duma, PhD, is professor and head of the Department of Biomedical Engineering in the College of Engineering at Virginia Tech (Blacksburg, Virginia). The founding director of Virginia Tech's Center for Injury Biomechanics, he is internationally recognized for his studies in injury biomechanics and traumatic brain injury and part of the national debate over how to protect young athletes from concussions.
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