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: With a growing elderly population and one of Asia's best developed healthcare systems, Taiwan remains a lucrative market despite barriers to market entry, ranking among the top 25 in the world in value terms. The market will see moderate growth over the next five years and will remain primarily dependent on imports. Pricing pressures for manufacturers will increase due to cost containment measures including expansion of the country's diagnosis-related group payment system.

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 to be constrained by a tough reimbursement policy in the medium term. Imports grew by 1.0% y-o-y to USD354.9mn in the three months to February 2016 and by 5.3% to USD1,546.0mn for the 12 months ending February 2016.

  • We expect exports will continue to underperform in 2016 due to external headwinds, notably weaker demand from China. Exports rose by 3.2% y-o-y to USD210.1mn in the three months to February 2016 and by 1.7% to USD867.1mn for the 12 months ending February 2016.

  • Medical device manufacturers will face a more challenging market environment as the National Health Insurance Administration (NHIA) expands the diagnosis-related group payment system (Tw-DRG) to contain spending. In May 2016, NHIA Director General, Lee Po-chang, highlighted that it would continue to expand the Tw-DRG, a move which is likely to increase pricing pressure on medical device purchasing.

BMI Industry View
9
Table: Projected Medical Device Market, 2015-2020
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
12
Medical Device Market Forecast
12
Latest Updates
12
Structural Trends
12
Table: Detailed Medical Device Market By Product Area, 2010-2020 (USDmn)
13
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2010-2020 (USDmn)
19
Table: Consumables Market, 2011-2020 (USDmn % Change)
20
Diagnostic Imaging Market Forecast
22
Latest Updates
22
Structural Trends
22
Electrodiagnostic Apparatus
22
Radiation Apparatus
22
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2010-2020 (USDmn)
23
Table: Diagnostic Imaging Market, 2011-2020 (USDmn % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
26
Table: Dental Products Market, 2010-2020 (USDmn)
27
Table: Dental Products Market, 2011-2020 (USDmn % Change)
28
Orthopaedics & Prosthetics Market Forecast
30
Latest Updates
30
Structural Trends
30
Fixation Devices
30
Artificial Joints
30
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2010-2020 (USDmn)
31
Table: Orthopaedics & Prosthetics Market, 2011-2020 (USDmn % Change)
31
Patient Aids Market Forecast
33
Latest Updates
33
Structural Trends
33
Portable Aids
33
Therapeutic Appliances
33
Table: Patient Aids Market, 2010-2020 (USDmn)
34
Table: Patient Aids Market, 2011-2020 (USDmn % Change)
34
Other Medical Devices Market Forecast
36
Latest Updates
36
Structural Trends
36
Table: Other Medical Devices Market, 2010-2020 (USDmn)
37
Table: Other Medical Devices Market, 2011-2020 (USDmn % Change)
38
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
43
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
44
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
45
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Detailed Medical Device Import Trends By Product Area, 2014
50
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
53
Monthly Medical Device Imports
57
Table: Monthly Medical Device Imports By Product Area, Year Ending February 2016 (USDmn)
57
Annual Medical Device Exports
58
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
61
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
62
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
63
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
64
Table: Detailed Medical Device Export Trends By Product Area, 2014
68
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
71
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
74
Monthly Medical Device Exports
77
Table: Monthly Medical Device Exports By Product Area, Year Ending February 2016 (USDmn)
77
Industry Risk/Reward Index
78
Table: APAC Medical Device Risk/Reward Index, Q316
79
Market Overview
80
Medical Device Market Overview
80
Table: Medical Device Market, Key Ratios, 2015
80
Table: Medical Device Market By Product Area, 2015
81
Healthcare Overview
82
Health Status
82
Healthcare System
82
Healthcare Funding
83
Healthcare Resources
85
Healthcare Activity
85
Healthcare Personnel
85
Key Healthcare Data
86
Table: Key Healthcare Data 2010-2015
86
Industry Trends And Developments
88
Regulatory Development
92
Medical Device Regulations
92
Competent Authority
92
Regulations
92
Medical Device Pricing & Reimbursement
95
Competent Authority
95
Pricing
95
Reimbursement
96
Pricing & Reimbursement Issues
97
Competitive Landscape
99
Domestic Medical Device Production
99
Table: Domestic Medical Device Production, 2008-2015 (TWDmn)
99
Domestic Medical Device Manufacturing
100
Table: Medical Device, Pharmaceutical Manufacturers, 2005-2014
100
Research & Development
100
National Medical Device Manufacturers
102
Table: Selected Medical Equipment Manufacturers
102
APEX Medical
105
Medeon Biodesign
105
UOC
106
Multinational Medical Device Manufacturers
107
Instradent
107
Nipro
107
Swissray
107
Multinational Market Activity
109
B
109
Becton Dickinson
109
Boston Scientific
109
Fresenius
109
General Electric
110
Johnson & Johnson
110
Medtronic
110
Philips
111
Siemens
111
Smith & Nephew
111
Stryker
112
Zimmer Biomet
112
Medical Device Market Access
113
Distribution
113
Free Economic Zones
113
Trade Association
114
Trade Shows
115
Methodology
116
Forecast Methodology
116
Trade Code Classifications
117
Table: Rearranged HS Trade Codes
118
Risk/Reward Index Methodology
121
Table: Medical Devices Risk/Reward Index Indicators
122
Sources
124
Contact
125

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.