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Future Market Forecasts for the Medical Devices Market in Taiwan

Posted on: Tuesday, 14 November 2006, 00:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c45015) has announced the addition of the Espicom Business Intelligence Ltd report: The Medical Device Market: Taiwan to their offering.

The in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.

Summary

Along with Korea, Taiwan is one of the richer 'Asian Tiger' economies. Per capita GDP is similar to New Zealand, and behind only Japan, Singapore, Hong Kong and Australia in the Asia/Pacific region. The economy contracted in the wake of the more general slowdown in 2001, but has since performed well again.

Imports supply around 80% of the medical equipment market. There is a growing domestic industry, which is becoming more sophisticated. Taiwan in particular is a major manufacturer of wheelchairs. However, local production remains fragmented and largely geared to supplying export markets. The market is therefore dominated by overseas companies, principally from the USA and Japan.

The appointment of a local distributor is essential for any manufacturer wishing to sell in Taiwan. Some direct selling does take place, but this is almost always on a one-off basis. Private hospitals tend to deal on a one to one basis with local agents. Equipment tenders for public hospitals are often handled through the Central Trust of China, the government procurement agency. Taiwan has a large number of small distributors, which often are non-specialist. In 2001, there were 20,560 'medical device dealers' according to the Department of Health.

A much-cited problem in recent years is the apparent manipulation of medical regulations by the Department of Health. Overseas manufacturers' associations, notably Advamed, have strongly criticised Taiwan for discriminating against imported goods in an attempt to promote locally produced products, and keep healthcare costs to a minimum. Instances have been reported where the Department of Health has waived clinical trial requirements for local manufacturers, but imposed them on importers.

This report comprises four main sections: Medical Device Market Outlook, Background Data, Healthcare System, and Accessing the Medical Device Market. The Outlook section provides analysis of the market and five-year forecasts by technology category, national data projections and key market developments. Other sections provide a wealth of background and market access information, including population trends, morbidity and mortality, health expenditure, organisation & administration, hospital services, ambulatory care, medical personnel, trade data and essential industry contacts.

Highly detailed report content

MARKET OUTLOOK

Current market size

Unique 5-year market projections

Market outlook

Market structure

Market developments

Recent and impending developments with respect to key issues such as regulation, health facilities and government policy

Key national data projections

BACKGROUND DATA

Population data, including growth trends and age structure

Demographic indicators detailing principal causes of death and morbidity

HEALTHCARE SYSTEM

Health expenditure

Expenditure by source of funding and type

Hospital services

Hospital data such as beds by type and specialty, inpatient discharges and surgical procedures

Outpatient care

Medical personnel

Data on healthcare professionals covering such areas as doctors, dentists and nurses

ACCESSING THE MEDICAL MARKET

Regulatory environment

Distribution guide

Domestic production

CONTACT DETAILS

For healthcare organisations and trade associations

Compelling reasons to buy this market report

The author is a leading provider of market and company information for business. In addition to this analysis, the author provides detailed management reports on over 70 established and emerging medical markets around the world.

Includes -- FREE -- three quarterly updated outlook reports on Taiwan's medical device market

Unique and original market forecasts

Insightful interpretation of market trends and developments

Over 25 years continuous medical device and equipment market experience

A team of full-time researchers and analysts

Unbeatable access to primary sources

Independent and impartial

Formats to suit every distribution need and budget

For more information visit http://www.researchandmarkets.com/reports/c45015

Source: Business Wire

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