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.

Why you should buy this report

  • Benefit from the latest market opportunities
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position
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Taiwan Medical Devices Report
Product Price
$1,295.00

BMI View: With a growing elderly population and one of Asia's best developed healthcare systems, Taiwan remains a lucrative market despite barriers to market entry, among the top 25 in the world in value terms, and over 75% of the market is still supplied by imports. T he government 's participation in inter- country agreements points towards Taiwan's expansion into the global market.

Projected Medical Device Market, 2015-2020
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2015 1,791.6 76.6 56,927.3 2,434.8 31.8
2016 1,719.7 73.5 58,985.1 2,521.2 34.3
2017 1,886.1 80.6 62,242.5 2,659.3 33.0
2018 2,048.6 87.5 66,580.2 2,844.1 32.5
2019 2,239.4 95.7 71,660.2 3,061.2 32.0
2020 2,467.4 105.4 77,722.1 3,321.1 31.5

Latest Updates And Key Forecasts

  • In US dollar terms, the market will rise by a CAGR of 6.6% during the 2015-2020 period, with performance ranging from 8.1% for patient aids to 2.9% for diagnostic imaging. This will see the market grow from an estimated USD1,791.6mn in 2015 to USD2,467.4mn in 2020.

  • We expect import growth in US dollar terms to be constrained by currency depreciation in 2016 and by a tough reimbursement policy in the medium term. Imports grew by 3.9% to USD393.9mn in Q415 and by 7.2% to USD1,546.0mn for the 12 months ending December 2015. This marked the highest annual rise since 2011.

  • We expect exports will continue to underperform in 2016 due to external headwinds notably weaker demand from China. Exports fell by 2.0% to USD212.9mn in Q415, but grew by 1.8% to USD860.0mn for the 12 months ending December 2015. This compares to high single-digit growth in 2014.

  • The signing of the Taiwan-Poland Memorandum of Understanding (MoU) on the cooperation over pharmaceuticals and medical devices will promote collaboration between Taiwan and Poland. This points towards Taiwan's expansion into the global market and will provide the regulatory system surrounding medical devices with the benefits of greater accord and efficiency, thus further promoting trade and investment.

BMI Industry View
7
Table: Renewables Headline Forecasts (Taiwan 2015-2021)
7
SWOT
8
Industry Forecast
10
Taiwan Renewables Forecast Scenario
10
Latest Updates
10
Structural Trends
10
Table: Total Electricity Generation Data And Forecasts (Taiwan 2014-2019)
17
Table: Total Electricity Generation Data And Forecasts (Taiwan 2020-2025)
18
Table: Electricity Generating Capacity Data And Forecasts (Taiwan 2014-2019)
19
Table: Electricity Generating Capacity Data And Forecasts (Taiwan 2020-2025)
20
Taiwan Renewables Projects Database
21
Table: Taiwan - Top 5 Renewables Projects By Capacity (MW)
21
Industry Risk Reward Index
22
Taiwan Renewables Risk/Reward Index
22
Rewards
22
Risks
22
Market Overview
24
Sustainable Energy Policy And Infrastructure
24
Targets
24
Subsidies
25
Table: Renewable Feed-In Tariffs In Taiwan, 2013
25
Infrastructure
26
Competitive Landscape
28
Taiwan Power Co
29
Motech Industries
29
Teco Electric & Machinery (Teco)
30
WPD Group (WPD)
30
Taiwan Generations Corp (TGC)
30
Green Energy Technology (GET)
31
Glossary
32
Table: Glossary Of Terms
32
Methodology
33
Methodology And Sources
33
Industry Forecast Methodology
33
Sources
35
Risk/Reward Index Methodology
35
Table: Renewables Risk/Reward Index Indicators
37
Table: Weighting Indicators
38

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.