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Thai hospital tycoon Boon Vanasin, accused of defrauding investors of 7.5 billion baht ($217 million) through fake medical projects, has fled to China, leading to an arrest warrant issued by police. Since December, authorities have received around 520 complaints from approximately 247 victims who were misled into investing in medical ventures across Thailand, Laos, and Vietnam.
On November 22, Vietnam Report announced the top 10 reputable pharmaceutical and medical equipment companies for 2024, highlighting firms like Hậu Giang Pharmaceutical and Traphaco. Despite a slowdown in growth during early 2024, optimism remains for the sector, driven by increasing demand and supportive government policies, with expectations of a compound annual growth rate of 6-8% through 2028. The healthcare market is poised for long-term growth, fueled by an aging population and rising health consciousness among consumers.
Southeast Asia's healthcare sector is experiencing a surge in mergers and acquisitions, with a deal value of $1.13 billion from January to April this year, driven by private equity investments. Key trends include a focus on biotech, digital health, and consolidation of healthcare providers, despite increasing regulatory challenges. Countries in the region are seen as attractive markets due to ageing populations and supportive government policies, although foreign investors must navigate complex merger control regulations.
The Healthcare Survey Tools market is poised for significant growth, driven by evolving consumer preferences and technological advancements. Key players include Axonator, SurveySparrow, and Qualtrics, with a competitive landscape shaped by production capacities and pricing strategies. The report provides insights into market dynamics, regional consumption trends, and the impact of regulatory policies on industry growth.
VinFast is exploring partnerships with Hyderabad-based Megha Engineering & Infrastructures (MEIL) and the Adani Group as it prepares to launch electric vehicles in India. The company is considering local collaborations to secure capital and navigate regulatory challenges while establishing a factory in Tamil Nadu. Although discussions are ongoing, no formal agreements have been made yet.
Bio-Manguinhos in Brazil is poised to supply its mRNA COVID-19 vaccine, while Kenya's Biovax faces salary competition from commercial firms despite a $120 million World Bank loan. The WHO's mRNA technology transfer program aims to establish sustainable vaccine production in low and middle-income countries, with 11 facilities expected by 2030. However, financial challenges persist, requiring an estimated $200 million to enhance manufacturing capabilities and support ongoing research.
The Global Pediatric Healthcare market is projected to grow from $175.6 billion in 2024 to $290 billion by 2032, with a CAGR of 6.5%. Key players include Abbott, Pfizer, and Merck, focusing on pharmaceuticals, nutrition, medical devices, and vaccines across various applications like hospitals and homecare. The market is expanding rapidly in the Asia-Pacific region, while North America remains the dominant market.
At a recent investment forum, Thomas Rupf of VP Bank emphasized the importance of maintaining client investments during volatile times, highlighting the detrimental effects of fear-driven withdrawals. He noted a shift towards diversifying portfolios beyond China, with increasing interest in markets like India, Indonesia, and Vietnam, and advocated for incorporating green metals into investment strategies to align with the transition to sustainable energy. This approach not only mitigates risk but also positions clients to capitalize on emerging economic trends in Asia.
The Global Veterinary Telemedicine market is projected to grow from $400 million in 2024 to $1.5 billion by 2032, with a CAGR of 18%. This growth is driven by increased pet adoption and the impact of the pandemic, alongside trends like AI diagnostics and wearable device integration. Key players include PetDesk, Petriage, and Fuzzy Pet Health, with North America leading the market and Asia-Pacific emerging as the fastest-growing region.
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