Taiwanese Medtech on Display at Medica
By Taiwan External Trade Development Council | 11.15.16
Country benefits from global market leadership in other sectors on which medical devices are based.
Besides global players such as Asus, Acer, and Giant, Taiwan is also the birthplace of a wide range of medical products and technologies. Taiwan has been expanding its position in different markets for a number of years now—thanks to its clear competitive advantage in many sectors such as electronics, IT, and communications technology, which lay the foundation for developments in cutting-edge medical devices. The medical devices sector is dominated by mid-sized companies and employs around 31,000 people, who mainly produce for export1. And with increasing success—export of medical devices from Taiwan increased by 11.7 percent in 2015, reaching USD 1.82 billion at the end of the year. Its top four export destinations are the U.S. (27 percent of export), Japan (15 percent), China (9 percent), and Germany (6 percent). Demand for medical devices will continue to increase in line with the needs of aging populations around the world.
Taiwan aims to continue to meet this demand going forward. To achieve this, it invests around 3 percent of GDP in research and development2. In comparison, Germany invests 2.9 percent and the U.S. 2.7 percent. Its innovative strength—the country was ranked the world’s 12th most innovative country in 20153—is also a driving factor. This is another reason why many high-quality medical devices bear the “Made in Taiwan” label.
Presenting at the Show
TAITRA, the Taiwan External Trade Development Council, will present a number of Taiwan’s leading medical products and technologies at this year’s Medica from November 14–17. Adronic, AmCad, Ever Bio, HIWIN, and Pihsiang (Shoprider) will be exhibiting products such as the medical endoscope and V70-HDFS PACS System (by Adronic); iSono, and Ultrasonic OSA Detection (by AmCad); the AutoTiss-X and AutoTiss-Loader (by Ever Bio); the Robotic Gait Training System, the Walking Training System, and the HIWIN Cloud (by HIWIN ); and the ROVI (888WNLE) (by Pihsiang). The Industrial Technology Research Institute (ITRI)—similar to the Fraunhofer Institut in Germany or Applied Materials in the USA—will also be at Medica.
See the Taiwanese products at Medica in hall 17, A61.
References
1 Germany Trade and Invest (GTAI)
2 The German Federal Foreign Office, accessed at http://www.auswaertiges-amt.de/DE/Aussenpolitik/Laender/Laenderinfos/Taiwan/Wirtschaft_node.html on October 26 2016.
3 German Academy of Science and Engineering; Federation of German Industries (BDI); ID 39458.
Taiwan aims to continue to meet this demand going forward. To achieve this, it invests around 3 percent of GDP in research and development2. In comparison, Germany invests 2.9 percent and the U.S. 2.7 percent. Its innovative strength—the country was ranked the world’s 12th most innovative country in 20153—is also a driving factor. This is another reason why many high-quality medical devices bear the “Made in Taiwan” label.
Presenting at the Show
TAITRA, the Taiwan External Trade Development Council, will present a number of Taiwan’s leading medical products and technologies at this year’s Medica from November 14–17. Adronic, AmCad, Ever Bio, HIWIN, and Pihsiang (Shoprider) will be exhibiting products such as the medical endoscope and V70-HDFS PACS System (by Adronic); iSono, and Ultrasonic OSA Detection (by AmCad); the AutoTiss-X and AutoTiss-Loader (by Ever Bio); the Robotic Gait Training System, the Walking Training System, and the HIWIN Cloud (by HIWIN ); and the ROVI (888WNLE) (by Pihsiang). The Industrial Technology Research Institute (ITRI)—similar to the Fraunhofer Institut in Germany or Applied Materials in the USA—will also be at Medica.
See the Taiwanese products at Medica in hall 17, A61.
References
1 Germany Trade and Invest (GTAI)
2 The German Federal Foreign Office, accessed at http://www.auswaertiges-amt.de/DE/Aussenpolitik/Laender/Laenderinfos/Taiwan/Wirtschaft_node.html on October 26 2016.
3 German Academy of Science and Engineering; Federation of German Industries (BDI); ID 39458.
