Business Monitor International


Taiwan Medical Devices Report

Published 11 November 2014

  • 151 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Taiwan Medical Devices Report

BMI Industry 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. The USA holds a significant share of imports with just over a third of the total in 201 3 , followed by Japan and other suppliers from the EU.

Headline Industry Forecasts

  • In US$ dollar terms, the market is expected to rise by a CAGR of 8.6% during the 2013-2018 period, with performance ranging from 5.4% for diagnostic imaging to 11.1% for orthopaedics & prosthetics. Overall, this will see the market rise from an estimated US$1,800.8mn in 2013 to US$2,718.6mn in 2018. In per capita terms, spending will rise from US$77 in 2013 to US$115 in 2018.

  • Medical device imports grew by 5.2% to reach a new high of US$1,405.3mn in 2013. In CAGR terms, growth was 6.9% in the 2008-2013 period, with positive growth reported for all years. In local currency terms, imports grew by 5.6% during the year to NT$41,733.5mn in 2013. Growth was also positive in all years from 2008-2013, with a slightly slower CAGR of 5.6% during the period in question. Based on latest collated monthly data, imports to year ending June 2014 grew by 2.8% to reach US$1,424.9mn.

  • Exports grew by 1.4% in 2013 to reach US$790.2mn. Imports have grown steadily each year from 2009-2013, and the CAGR from 2008-2013 was 4.7%. In local currency terms, exports achieved an annual growth of 1.8% to NT$23,466.3mn in 2013. In the 2009-2013 period, exports fell by 3.7% in 2009 and 0.9% in 2011, but had positive growth in 2010, 2012 and 2013. The CAGR of the 2008-2013 period was 3.4%. Based on latest collated monthly data to year ending June 2014, exports reached a total US$824.1mn.

  • According to latest annual figures from the Ministry of Economic Affairs (MOEA), Taiwan's medical device production...

Table of Contents

Espicom Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Business Environment
13
Industry Forecast
14
Medical Device Market Forecast
14
Table: Projected Medical Device Market, 2013-2018
16
Table: Detailed Medical Device Market By Product Area, 2008-2018 (US$mn)
17
Consumables Market Forecast
20
Bandages & Dressings
20
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2008-2018 (US$mn)
21
Table: Consumables Market, 2009-2018 (US$mn % Change)
22
Diagnostic Imaging Market Forecast
24
Electrodiagnostic Apparatus
24
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2008-2018 (US$mn)
25
Table: Diagnostic Imaging Market, 2009-2018 (US$mn % Change)
26
Dental Products Market Forecast
27
Capital Equipment
27
Instruments & Supplies
28
Table: Dental Products Market, 2008-2018 (US$mn)
28
Table: Dental Products Market, 2009-2018 (US$mn % Change)
29
Orthopaedics & Prosthetics Market Forecast
30
Fixation Devices
30
Artificial Joints
31
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2008-2018 (US$mn)
31
Table: Orthopaedics & Prosthetics Market, 2009-2018 (US$mn % Change)
32
Patient Aids Market Forecast
33
Portable Aids
33
Therapeutic Appliances
33
Table: Patient Aids Market, 2008-2018 (US$mn)
33
Table: Patient Aids Market, 2009-2018 (US$mn % Change)
34
Other Medical Devices Market Forecast
35
Table: Other Medical Devices Market, 2008-2018 (US$mn)
36
Table: Other Medical Devices Market, 2009-2018 (USmn % Change)
37
Annual Medical Device Imports
39
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s)
42
Table: Medical Device Imports By Product Area, 2009-2013 (US$000s % Change)
43
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
44
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s % Change)
45
Table: Top 20 Medical Device Suppliers, 2013 (US$000s)
46
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (US$000s)
47
Table: Detailed Medical Device Import Trends By Product Area, 2013
51
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (US$000s)
54
Monthly Medical Device Imports
57
Table: Monthly Medical Device Imports By Product Area, January 2011-February 2014 (US$mn)
58
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s)
62
Table: Medical Device Exports By Product Area, 2009-2013 (US$000s % Change)
63
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
64
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s % Change)
65
Table: Top 20 Medical Device Destinations, 2013 (US$000s)
67
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (US$000s)
68
Table: Detailed Medical Device Export Trends By Product Area, 2013
72
Table: Detailed Leading Medical Device Destinations By Product Area, 2013 (US$000s)
76
Table: Detailed Medical Device Balance Of Trade, 2009-2013 (US$000s)
79
Monthly Medical Device Exports
82
Table: Monthly Medical Device Exports By Product Area, January 2011-February 2014 (US$mn)
82
Macroeconomic Forecasts
84
Economic Analysis
84
Table: Economic Activity (Taiwan 2009-2018)
86
Industry Risk Reward Ratings
87
Table: Asia Pacific Medical Device Risk/Reward Ratings, Q314
88
Market Overview
89
Medical Device Market Overview
89
Table: Medical Device Market, Key Ratios, 2013
90
Table: Medical Device Market By Product Area, 2013
90
Healthcare Overview
91
Health Status
91
Healthcare System
91
National Health Insurance Administration
92
Health Funding
94
Healthcare Resources
94
Healthcare Activity
94
Healthcare Personnel
95
Key Healthcare Data
95
Table: Key Healthcare Data 2008-2013
95
Industry Trends And Developments
98
Industry Trends & Developments
98
Regulatory Development
102
Medical Device Regulations
102
Competent Authority
102
Regulations
102
Competitive Landscape
109
Domestic Medical Device Production
109
Overview
109
Table: Registered Medical Device Manufacturers 2002-2011
109
Production Value Estimates
110
Table: Domestic Medical Device Production, 2008-2012 (NT$mn)
110
Table: Domestic Medical Device Production, 2008-2012 (US$mn)
111
National Medical Device Manufacturers
112
Table: Selected Medical Equipment Manufacturers
112
Multinational Medical Device Manufacturers
115
Multinational Market Activity
116
Table: Multinational Market Activity, 2014
116
Medical Device Market Access
117
Distribution
117
Free Economic Zones
117
Trade Association
118
Methodology
119
Medical Device Market Methodology
119
Trade Code Classifications
120
Table: Used HS Trade Codes, 2014
120
Table: Rearranged HS Trade Codes, 2014
122
Risk/Reward Ratings Methodology
125
Table: Medical Devices Risk/Reward Ratings Indicators, 2014
126
Sources
127
Contact
128

The Taiwan Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a Business Monitor International (BMI) 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 and 40+ specific product categories. In addition, presents annual and monthly import and export trade data.

Product Areas:

  • Consumables: medical dressings, suturing materials, syringes, needles & catheters, blood-grouping reagents, first-aid boxes & kits, ostomy products and surgical gloves.
  • Diagnostic Imaging: electrocardiographs, ultrasound, MRI, scintigraphic apparatus, other electrodiagnostic apparatus (i.e. patient monitors), CT scanners, other X-ray apparatus, ABC ray apparatus, contrast media, X-ray film, X-ray tubes and other imaging parts & accessories.
  • Dental Products: dental drills, dental chairs, dental X-ray, dental cements, dental instruments and teeth & other fittings.
  • Orthopaedics & Prosthetics: fixation devices, artificial joints and other artificial body parts.
  • Patient Aids: hearing aids, pacemakers, other portable aids (i.e. stents), mechano-therapy apparatus and therapeutic respiration apparatus.
  • Other Medical Devices: wheelchairs, ophthalmic instruments, hospital furniture, medical/surgical sterilisers, UV/IF apparatus, blood pressure monitors, endoscopy monitors, dialysis apparatus, transfusion apparatus and anaesthesia apparatus.

Macroeconomic Forecasts
Presents macroeconomic forecasts impacting the Medical Devices market.

Industry Risk Rewards Rankings
Industry Risk Rewards Rankings (IRRR) 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 intelligence affecting the market, including healthcare organisation, healthcare developments and health expenditure. Includes historical healthcare data, in terms of health status, health expenditure, health infrastructure, health services and health personnel.

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
Focuses on the latest regulatory developments, covering the competent authority, the latest regulations and marketing registrations. Also, reviews key pricing & reimbursement measures.

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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc