Taiwan Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Taiwan Medical Devices Report
Product Price
$1,295.00

BMI View: 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.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 1,800.8 76.9 54,616.0 2,331.1 30.3
2015 1,836.2 78.2 57,840.7 2,464.5 31.5
2016 1,954.6 83.2 62,547.6 2,660.8 32.0
2017 2,160.1 91.8 68,041.8 2,890.5 31.5
2018 2,381.3 101.0 73,821.4 3,132.1 31.0
2019 2,615.1 110.8 79,761.7 3,380.6 30.5

Latest Updates And Key Forecasts

  • In US dollar terms, we expect the market to rise by a CAGR of 7.7% during the 2014-2019 period, with performance ranging from 14.8% for patient aids to 2.8% for diagnostic imaging. Overall, this will see the market rise from an estimated USD1,800.8mn in 2014 to USD2,615.1mn in 2019. In per capita terms, spending will rise from USD77 in 2014 to USD111 in 2019.

  • In 2014, imports grew by 3.1% over the previous year to USD1,441.8mn. Based on latest collated monthly data, imports to year ending June 2015 grew by 6.7% to reach USD1,519.8mn. We expect growth to be constrained by a tough reimbursement policy in the medium term.

  • In US dollar terms, Taiwanese exports rose by 7.3% over the previous year to reach USD844.5mn in 2014. Based on latest collated monthly data to year ending June 2015, exports rose by 4.5% to reach USD861.5mn. Based on latest trends to H115, we expect Taiwanese medical device exports to achieve a positive but just below average growth rate for full year 2015.

  • In November 2015, the 'two-step' review programme was launched by the TFDA, which meant the administrative and technical device reviews for medical devices will no longer be conducted in parallel. Taiwan market applicants may experience lengthier review timeframes because of this.

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2014-2019 Performance
15
Table: Projected Medical Device Market, 2014-2019
15
2009-2014 Performance
16
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
17
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
22
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
23
Table: Consumables Market, 2010-2019 (USDmn % Change)
24
Diagnostic Imaging Market Forecast
26
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
28
Dental Products Market Forecast
30
Capital Equipment
30
Instruments & Supplies
30
Table: Dental Products Market, 2009-2019 (USDmn)
31
Table: Dental Products Market, 2010-2019 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
48
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
50
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2014
56
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
59
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, June 2012-May 2015 (USDmn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
67
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
68
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s % Change)
70
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
72
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2014
77
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
80
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
83
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, June 2012-May 2015 (USDmn)
86
Macroeconomic Forecasts
88
Economic Analysis
88
Table: Economic Activity (Taiwan 2010-2019)
91
Industry Risk/Reward Index
92
Industry Risk Reward Index
92
Table: APAC Medical Device Risk/Reward Index, Q415
93
Market Overview
94
Medical Device Market Overview
94
Table: Medical Device Market, Key Ratios, 2014
95
Table: Medical Device Market By Product Area, 2014
95
Healthcare Overview
96
Health Status
96
Healthcare System
96
National Health Insurance Administration
97
Health Funding
99
Healthcare Resources
100
Healthcare Activity
100
Healthcare Personnel
101
Key Healthcare Data
101
Table: Key Healthcare Data 2009-2014
101
Industry Trends And Developments
104
Industry Trends & Developments
104
Regulatory Development
110
Medical Device Regulations
110
Competent Authority
110
Regulations
110
Medical Device Pricing & Reimbursement
115
Competent Authority
115
Pricing
116
Reimbursement
117
Competitive Landscape
118
Domestic Medical Device Production
118
Overview
118
Table: Manufacturers of Pharmaceuticals and Medical Devices, 2005-2013
118
Production Value Estimates
119
Table: Domestic Medical Device Production, 2008-2012 (TWDmn)
119
Table: Domestic Medical Device Production, 2008-2012 (USDmn)
120
Research & Development
121
National Medical Device Manufacturers
122
Table: Selected Medical Equipment Manufacturers
122
Multinational Medical Device Manufacturers
126
Multinational Market Activity
128
Table: Multinational Market Activity, 2015
128
Medical Device Market Access
129
Distribution
129
Free Economic Zones
129
Trade Association
131
Methodology
132
Forecast Methodology
132
Trade Code Classifications
133
Table: Rearranged HS Trade Codes
134
Risk/Reward Index Methodology
137
Table: Medical Devices Risk/Reward Index Indicators
138
Sources
140
Contact
141

The Taiwan Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Taiwan provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Taiwan Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Taiwan, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Taiwan.
  • Target Business Opportunities in the Taiwan Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Taiwan.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.