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A call for sustainable recovery effort in Asia-Pacific

The unique and populous Asia-Pacific region is made up of 58 countries of which 12 are classified as least developed countries (LDCs) under the United Nations classification. This means they are recognised as countries that have "low levels of income and face severe structural impediments to sustainable development". Given their underlying vulnerabilities, the countries and populations of the Asia-Pacific bear the brunt of the uneven effects of the pandemic.

As we have seen, the pandemic exposed common fragilities of under-resourced and inadequate health, economic and social systems across the Asia-Pacific region. This demanded major overhauls within the limited capacities of Asia-Pacific nations who are still fighting against extreme poverty, to achieve sustainable development, and the existential threats due to climate change. As a result, governments have had to divert funds and increase external borrowings to boost their stimulus packages in response to the pandemic.

In pre-Covid times, effective reforms contributed to socio-economic progress for some of the countries within the region, which have lifted millions of people out of poverty. However, many of these hard-won achievements have suffered setbacks in the wake of the pandemic.

Tomorrow I will arrive in Bangkok, Thailand to participate in the 78th session of the Economic and Social Commission for Asia and the Pacific (Escap). It is here that leaders of the region, together with stakeholders, will gather to discuss and devise a post-Covid sustainable recovery agenda under the theme, "A common agenda to advance sustainable development in Asia and the Pacific". While in Bangkok, I will meet with leaders, the UN country teams, youth representatives, and civil society organisations.

As the meetings unfold on Monday, it will be at the helm of increased complexities of international trade, peace and order as a result of the conflict in Ukraine. With this, the Asia-Pacific region is set to face higher inflation rates which will further subject the marginalised and vulnerable societies to higher levels of food insecurity and fuel prices, and resultant poverty.

The region needs to build back stronger together and the Escap's 78th session is an opportune moment to chart an inclusive and resilient way forward. While each country faces unique challenges and have different circumstances, the transversal nature of these issues demands global and regional cooperation. They demand learning from each other. As we have learnt from the pandemic, no country is safe until all countries are safe. Sustainable and resilient recovery is an urgent and critical agenda.

I am confident that the recovery of the Asia-Pacific region lies in enhanced regional and multilateral cooperation. Where leaders, the private sector, civil society organisations, the United Nations and all stakeholders come together to bring hope for the people, prosperity and the planet.

As president of the General Assembly of the United Nations, I chose "hope" as the theme of my presidency for the 76th Session of the General Assembly because, given the despair and destruction we have seen, hope is what the world needs right now. With this vision, I have strongly advocated on recovering from the pandemic, rebuilding sustainably, responding to the needs of the planet, and respecting the rights of all, which I believe can contribute to a global appetite for building back better and stronger. These tenets of my presidency of hope will underpin the elements of my message in Bangkok.

I am no stranger to the consequences of climate change, nor the discourse around sustainable development. As a citizen and long-time politician of a small island developing state, the Maldives, these issues have continuously formed part of my efforts, especially as we face the existential threats of a changing climate. I know what it means to wake up every day worried about the future of your land, your identity, and your culture. I know the anxiety and weariness driven by technological barriers, access to adequate finance, and by unpredictable and unreliable global supply chains. I know the challenges, the confrontations, the consequences. I, with the citizens of my country and those like us, live them each day.

The discussions at Escap's 78th session will be important in paving the way for strengthened and enhanced regional cooperation to advance action on the underlying issues of sustainable development.

A post-pandemic recovery must address economic, social and environmental inequities including those around the digital and data divide. The Asia-Pacific region will be left behind without necessary digital transformations.

Likewise, it is important that policymakers pursue action-oriented discussions from a whole-of-government and whole-of-society approach. This will be crucial to fully grasp the extent of the impacts within communities and in ensuring no one is left behind. We need to hear from those that live through the challenges, including the women and children.

My overall message to leaders, stakeholders and the international community at Escap's 78th session will be very clear: reclaiming the future at the heart of strengthened global partnership will be fundamental for a sustainable recovery in the Asia-Pacific region.

Source: A call for sustainable recovery effort in Asia-Pacific

Huawei to continue support for digitalization in Asia-Pacific

image© Provided by Xinhua

In 2022, Huawei will increase its support for a Green and Digital Asia-Pacific region by promoting digital infrastructure, low-carbon development, and digital inclusion.

SINGAPORE, May 21 (Xinhua) -- China's telecom giant Huawei will continue to support the digital innovation and digital economy in the Asia-Pacific (APAC) region, said Ken Hu, Huawei's rotating chairman, at the Huawei APAC Digital Innovation Congress concluded here on Friday.

"The Asia-Pacific region is one of the most culturally and economically vibrant regions in the world. It has long played an important role in global economic growth, and now plays an equally important role in digital innovation," said Hu during the two-day event.

Moving forward, Huawei will keep investing heavily in innovation to help partners in the region meet their strategic development goals, said Hu.

In 2022, Huawei will increase its support for a Green and Digital APAC by promoting digital infrastructure, low-carbon development, and digital inclusion, he said.

Nicholas Ma, president of Huawei Asia Pacific Enterprise Business, said at the event that the digital economy and digitalization is expanding rapidly in the region. Huawei predicts that digitalization will transform production systems in all industries, creating a potential value of 27 trillion U.S. dollars.

image© Provided by Xinhua

Yang Mee Eng, executive director of the ASEAN Foundation, said that the Huawei APAC Digital Innovation Congress 2022 marks another critical milestone in the ASEAN Foundation-Huawei partnership to continue creating a talent development-focused learning ecosystem that will help address the digital skills shortage in the region.

The Huawei APAC Digital Innovation Congress, jointly held by Huawei and the ASEAN Foundation, was held on May 19-20 in Singapore, gathering over 1,500 government officials, experts, researchers, partners, and analysts from more than 10 countries in the Asia-Pacific region to explore the future of digital innovation and the digital economy. Topics included ongoing advancements in ICT, speeding up digital transformation across industries, as well as green and low-carbon development.

Over two days of the event, Huawei signed 17 Memoranda of Understanding (MoUs) with industry customers from Singapore, Malaysia, Thailand, Indonesia, and Bangladesh for Smart Campus, Data Center, Digital Power, and HUAWEI CLOUD.

Source: Huawei to continue support for digitalization in Asia-Pacific

In vitro diagnostics market 2022 : China are expected to witness growth at high CAGR in the Asia-Pacific region

The global in vitro diagnostics market was valued at $71,496.16 million in 2020, and is projected to reach $106,914.16 million by 2030, growing at a CAGR of 4.08% from 2021 to 2030. In vitro diagnostics (IVD) include reagents, instruments, software used to evaluate specimens such as blood, urine, stool, tissues, and other bodily fluids obtained from the human body to diagnose diseases, conditions, and infections. Furthermore, there are several types of IVD devices that use diverse approaches such as immunodiagnostics, tissue diagnostics, hematological, and molecular diagnostics. The application and management of IVD market needs expertise technical skill, therefore devices are employed in specialist medical facilities to perform diagnosis.

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COVID-19 Impact on Global In Vitro Diagnostics Market

The COVI-19 outbreak in China has spread to every part of world. This has led to nationwide lockdowns in order to prevent the spread of infection. Thus, this in turn has led to suspension of various operations in every business. Similarly, the in vitro diagnostics industry is also hit by the outbreak. For instance, the key players of in vitro diagnostics market responded to outbreak through quick launch of new testing kits for COVID-19. Furthermore, some in vitro diagnostics services were affected in a negative manner due to the lockdowns. Thus, the overall impact on in vitro diagnostics market was low as the new demand for testing kits compensated for the losses due to fall in demand of other services and product.

Key Findings Of The Study

The reagents segment accounted for more than half of the share of the global in vitro diagnostics market in 2019.The instruments segment is expected to grow at the highest CAGR from 2020 to 2027.The infectious diseases segment accounted for around one-thirds share of the global in vitro diagnostics market in 2019.Europe accounted for around one-fifth share of the global market in 2019.Asia-Pacific is expected to provide lucrative growth opportunities from 2019 to 2027.

North America is expected to be the leading regional market for IVD during the forecast period, owing to its well-penetrated healthcare system and higher healthcare awareness among patients, including Obama’s Affordable Care Act (ACA) act, change in technology, and rebounding American Economy. Furthermore, other factors such as easy availability of devices, rise in the awareness related to use of these products and presence of large number of geriatric populations suffering from various chronic diseases also contribute to the growth of the market. Moreover, presence of large number of key players in North America is another major factor that drives the growth of the market. In addition, Asia- Pacific is expected to register fastest growth rate during the forecast period, owing to surge in healthcare expenditure and rise in prevalence of diabetes in the region. Other factors such as huge patient base of other chronic diseases that require IVD testing also boost the growth of market in Asia-Pacific.

Key Market Segments

By Product & Service

ReagentsInstrumentsSoftware and ServicesBy Application

Infectious DiseasesCancerCardiac DiseasesImmune System DisordersNephrological DiseasesGastrointestinal DiseasesOthers

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Source: In vitro diagnostics market 2022 : China are expected to witness growth at high CAGR in the Asia-Pacific region

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