The Medical Device Market: Taiwan

Published : April 2013
No. of Pages : 80

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Taiwan is one of the richest countries in the Asia Pacific region. It has a strong healthcare system and the universal health insurance ensures that all citizens have grown to expect a high level of care. That said, like a lot of public welfare systems, the healthcare system is being constrained by rising costs, and a rapidly growing elderly population is adding to this.

Health remains a contentious issue in Taiwan. In January 2013, the government introduced the Second Generation Health Insurance Programme, which was postponed from July 2012. Under this programme, insurance premiums were reduced slightly from 5.17% of income to 4.91%. However, an extra 2% premium will be levied on income outside regular salaries formerly not liable for consideration, such as interest, professional fees, rent, stock dividends and bonuses.

The central government will also take over the full running of the Health Insurance system from local governments, to reduce their administration costs. By raising this extra cash, the government hopes to keep the health insurance system in the black until 2016, and also improve the quality of services provided.

The market, long known as a "difficult" one because of the regulatory environment, has been gradually showing signs of improvement, and it has been commended for expanding its communication with counterpart agencies in the USA and the European Union. Ties between Taiwan and mainland China are also improving.

Reimbursement of medical devices remains a problem. The Bureau of National Health Insurance (BNHI), currently running a deficit, has set reimbursement prices low, which industry players, particularly from the USA, complain does not distinguish innovative medical devices and the new technology or benefits they bring to consumers.

The ongoing conflict of interest between the multinational industry and the government is understandable; despite constraints and barriers to market entry, Taiwan remains a lucrative market, among the top 25 in the world in value terms, and over 75% of the market is still supplied by imports. The USA holds a significant share of imports with just under 33% of the total in 2011, followed by Japan and other suppliers from the EU.

Table Of Contents

Executive Summary 1

Key Background Data 3
Geographic 3
Political 3
Economic 4
Healthcare System 4
Medical Care Network 4
National Health Insurance 5

Market Developments 7
Orthopaedics charts strongest annual import growth rate 7
Swissray to establish R&D centre and factory 7
Government approves establishing defibrillators in public venues 7
Medical device production to break NT$100 billion mark for first time 7
First robotic-assisted kidney transplant announced 7

Medical Market Analysis 8
Overview 8
The Market in 2012 9
Past Performance 2007-11 10
Future Performance 2012-17 11
The Taiwanese Market for Consumables 18
The Taiwanese Market for Diagnostic Imaging 20
The Taiwanese Market for Dental Products 22
The Taiwanese Market for Orthopaedic & Prosthetic Products 24
The Taiwanese Market for Patient Aids 26
The Taiwanese Market for Other Medical Devices 28

Annual Imports 30
Consumables 31
Diagnostic Imaging 31
Dental Products 31
Orthopaedic & Prosthetic Products 31
Patient Aids 31

Monthly Imports 47

Annual Exports 48
Consumables 49
Diagnostic Imaging 49
Dental Products 49
Orthopaedic Products 49
Patient Aids 49
Others 49

Monthly Exports 66

Domestic Production 67
ITRI ’s Medical Device Production Estimates 67

Domestic Manufacturing 68
Local Manufacturers 68
Taiwan Medical and Biotech Industry Association 68
Multinational Manufacturers 70
Swissray International 70

Multinational Activity 71

Accessing the Market 72
Distribution 72

Medical Device Regulations 73
USTR National Trade Estimate Report on Foreign Trade Barriers, 2010 73
American Chamber of Commerce White Paper, 2012 74
Harmonising medical device regulations in line with global practices and international trends 74
Establishing a rational system for reimbursement and management of medical devices 74
Amending the Pharmaceutical Affairs Act for medical device advertisements 75
Lifting the ban on imports of medical devices from China made by multinationals 75

Methodology & Sources 76
Trade Code Classifications 76
Methodology 78
Sources 79
Need more information? 79

List Of Tables

Espicom Analysis of the Taiwanese Medical Market, 2013 2
Summary of Key Data Projections, 2013-18 4
Summary of Key Data, 2007-12 6
Taiwanese Medical Device Market, Key Ratios, 2012 8
Taiwanese Medical Device Market by Category, 2012 9
Projected Medical Device Market, 2012-17 11
The Taiwanese Medical Device Market, 2007-17 (US$ millions) 12
The Taiwanese Medical Device Market, 2007-17 (US$ per capita) 14
The Taiwanese Medical Device Market, 2007-17 (% of Total) 15
The Taiwanese Medical Device Market, 2007-17 (% Change) 17
The Taiwanese Consumables Market, 2007-17 (US$ millions) 18
The Taiwanese Consumables Market, 2007-17 (US$ Per Capita) 18
The Taiwanese Consumables Market, 2007-17 (% Change) 19
The Taiwanese Diagnostic Imaging Market, 2007-17 (US$ millions) 20
The Taiwanese Diagnostic Imaging Market, 2007-17 (US$ Per Capita) 20
The Taiwanese Diagnostic Imaging Market, 2007-17 (% Change) 21
The Taiwanese Dental Products Market, 2007-17 (US$ millions) 22
The Taiwanese Dental Products Market, 2007-17 (US$ Per Capita) 23
The Taiwanese Dental Products Market, 2007-17 (% Change) 23
The Taiwanese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions) 24
The Taiwanese Orthopaedic & Prosthetic Products Market, 2007-17 (US$ Per Capita) 24
The Taiwanese Orthopaedic & Prosthetic Products Market, 2007-17 (% Change) 25
The Taiwanese Patient Aids Market, 2007-17 (US$ millions) 26
The Taiwanese Patient Aids Market, 2007-17 (US$ Per Capita) 26
The Taiwanese Patient Aids Market, 2007-17 (% Change) 26
The Taiwanese Other Medical Devices Market, 2007-17 (US$ millions) 28
The Taiwanese Other Medical Devices Market, 2007-17 (US$ Per Capita) 28
The Taiwanese Other Medical Devices Market, 2007-17 (% Change) 28
Summary Medical Imports by Product Area, 2007-11 (US$000s) 32
Summary Medical Imports by Product Area, 2007-11 (US$000s % Change) 32
Summary Medical Imports by Product Area, 2007-11 (NT$ 000s) 33
Summary Medical Imports by Product Area, 2007-11 (NT$ % Change) 33
Summary Medical Imports by Product Area, 2007-11 (% of Total) 34
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s) 36
Top 20 Suppliers to the Taiwanese Market, 2011 (US$000s) 37
Detailed Imports of Medical Equipment, 2007-11 (US$000s) 38
Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends) 41
Detailed Imports, Leading Suppliers, 2011 (US$000s) 44
Monthly Imports of Medical Equipment (US$ Millions) 47
Summary Medical Exports by Product Area, 2007-11 (US$000s) 49
Summary Medical Exports by Product Area, 2007-11 (US$000s % Change) 50
Summary Medical Exports by Product Area, 2007-11 (NT$ 000s) 50
Summary Medical Exports by Product Area, 2007-11 (NT$ % Change) 51
Summary Medical Exports by Product Area, 2007-11 (% of Total) 52
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s) 53
Top 20 Destinations for Taiwanese Exports, 2011 (US$000s) 54
Detailed Exports of Medical Equipment, 2007-11 (US$000s) 55
Detailed Exports of Medical Equipment, 2007-2011 (Growth Trends) 58
Detailed Exports, Leading Destinations, 2011 (US$000s) 61
Balance of Medical Trade, 2007-2011 (US$000s) 64
Monthly Exports of Medical Equipment (US$ Millions) 66
Registered Medical Device Manufacturers 2002-2010 67
Selected Medical Equipment Manufacturers 68
HS Trade Codes Used in This Report 76
HS Trade Codes, Rearranged 77

List Of Charts

Taiwanese Medical Device Market by Category, 2012 (%) 9
Change in the Taiwanese Medical Device Market, 2007-17 (%) 10
CAGR of the Taiwanese Medical Device Market by Product Area, 2007-11 (%) 10
Market Projections, 2012-17 (US$ millions) 11
Projected CAGR of Medical Device Market by Product Area, 2012-17 (%) 12
The Taiwanese Market for Consumables, 2007-17 (US$ millions) 19
The Taiwanese Market for Consumables, 2007-17 (CAGR) 19
The Taiwanese Market for Diagnostic Imaging, 2007-17 (US$ millions) 21
The Taiwanese Market for Diagnostic Imaging, 2007-17 (CAGR) 22
The Taiwanese Market for Dental Products, 2007-17 (US$ millions) 23
The Taiwanese Market for Dental Products, 2007-17 (CAGR) 24
The Taiwanese Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions) 25
The Taiwanese Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR) 25
The Taiwanese Market for Patient Aids, 2007-17 (US$ millions) 27
The Taiwanese Market for Patient Aids, 2007-17 (CAGR) 27
The Taiwanese Market for Other Medical Devices, 2007-17 (US$ millions) 29
The Taiwanese Market for Other Medical Devices, 2007-17 (CAGR) 29
Medical Equipment Imports, 2003-11 (US$ millions) 30
Change in Medical Equipment Imports, 2003-11 (%) 30
CAGR of Medical Imports by Product Area, 2007-11 (%) 34
Medical Equipment Imports by Product Area, 2011 (%) 35
Leading Medical Equipment Suppliers, 2011 (%) 37
Medical Equipment Exports, 2003-11 (US$ millions) 48
Change in Medical Equipment Exports, 2004-11 (%) 48
CAGR of Medical Exports by Product Area, 2007-11 (%) 51
Medical Equipment Exports by Product Area, 2011 (%) 52
Leading Medical Equipment Destinations, 2011 (%) 54

The Medical Device Market: Taiwan

Published By: Espicom Limited

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