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May 28, 2017

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Five-area focus for medical equipment development

TAIPEI -- Amid growing demand for medical devices and equipment, the Ministry of Economic Affairs is targeting five areas, including kidney dialysis machinery, for promotion of high-end products, Vice Economics Minister Duh Tyzz-jiun said yesterday.

Duh said other areas are equipment for respiratory care, in vitro diagnostic technology, microsurgery and high-end dental technology.

He noted that sales of medical devices and equipment in Taiwan reached nearly NT$100 billion last year and estimated that the figure could increase by 7 percent this year.

Speaking at the Medical Electronics and Device in Taiwan (MEDiT) Forum 2012, Du also said that with the number of elderly and chronic disease patients increasing, demand for medical equipment is also rising, with statistics showing that the global medical market reached US$270 billion last year and is estimated to surpass US$280 billion this year.

Major manufacturers of medical equipment from the United States, Germany Japan, China and Singapore attended the forum sponsored by the Industrial Development Bureau.

Duh also noted that major global information and communication technology (ICT) manufacturers have recently shifted from exclusively electronic products to the area of medical equipment.

As Taiwan excels in ICT and medical equipment, the strategy will be to develop medical equipment that will be mini-sized, low invasive and portable, as well as integrating multiple functions, he added.

He pointed out that Taiwan's medical devices and equipment are mainly export-oriented and that manufacturers are mostly focused on high-quality, low-price products or key parts and components.

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