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Aging population and rising costs of new drugs have increased healthcare expenses in countries across the globe and spurred governments to expand the use of generic drugs. Currently, there are factors constraining the development of generics. The U.S., for instance, is pushing the international adoption of patent linkage via the Trans-Pacific Partnership (TPP) and Bilateral Free Trade Agreements (BFTAs).
China will continue to bolster the development of a domestic robotics industry, according to a new robotics technology roadmap that was recently released by the Chinese government for the 13th Five-Year Plan period (2016~2020). China aims to have three to five internationally competitive domestic robotics companies by 2020.
Japan has enormous influence over the development of the global biotech industry. The country is the world’s third-largest pharmaceutical and biotech market after the U.S. and China. It is also ranked second globally in terms of R&D spending in pharmaceutical and biotech industry. One of the major trade exhibitions in Japan, Life Science World 2016, was held in Tokyo earlier this May.
The combined shipments of smartwatches and smart bands will reach 7.5 million units this year, and 90% of which will be equipped with optical sensor components used for pulse rate monitoring, according to the 2016 UV LED and IR LED Application Markets Report by LEDinside, a division of TrendForce. Shipments of smartwatches and smart bands together will total 170 million units by 2020, and all of them are expected to incorporate optical sensor components.
At this year’s Mobile World Congress (MWC), the mobile payment industry took another significant step in progress with the reveal of several cross-device payment services. Visa, for example, announced that it has partnered up with smartwatch maker Pebble and auto giant Honda to bring Visa’s payment services into cars and wearable devices.
