Abstract
Taiwan is one of the richer 'Asian Tiger' economies. This report is ideal for
executives wanting to understand the key drivers in the medical market and
have access to a wealth of statistical data, including five-year market
projections. Included with the report are 3 free quarterly updated outlook
reports, enabling you to keep up to date with market developments for a year.
Along with Korea, Taiwan is one of the richer 'Asian Tiger' economies. Per
capita GDP is similar to New Zealand, and behind only Japan, Singapore, Hong
Kong and Australia in the Asia/Pacific region. The economy contracted in the
wake of the more general slowdown in 2001, but has since performed well again.
Imports supply around 80% of the medical equipment market. There is a growing
domestic industry, which is becoming more sophisticated. Taiwan in particular
is a major manufacturer of wheelchairs. However, local production remains
fragmented and largely geared to supplying export markets. The market is
therefore dominated by overseas companies, principally from the USA and Japan.
The appointment of a local distributor is essential for any manufacturer
wishing to sell in Taiwan. Some direct selling does take place, but this is
almost always on a one-off basis. Private hospitals tend to deal on a one to
one basis with local agents. Equipment tenders for public hospitals are often
handled through the Central Trust of China, the government procurement agency.
Taiwan has a large number of small distributors, which often are
non-specialist. In 2001, there were 20,560 'medical device dealers' according
to the Department of Health.
A much-cited problem in recent years is the apparent manipulation of medical
regulations by the Department of Health. Overseas manufacturers' associations,
notably Advamed, have strongly criticised Taiwan for discriminating against
imported goods in an attempt to promote locally produced products, and keep
healthcare costs to a minimum. Instances have been reported where the
Department of Health has waived clinical trial requirements for local
manufacturers, but imposed them on importers.
This report comprises four main sections: Medical Device Market Outlook,
Background Data, Healthcare System, and Accessing the Medical Device Market.
The Outlook section provides analysis of the market and five-year forecasts by
technology category, national data projections and key market developments.
Other sections provide a wealth of background and market access information,
including population trends, morbidity and mortality, health expenditure,
organisation & administration, hospital services, ambulatory care, medical
personnel, trade data and essential industry contacts.
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