Economics Ministry to boost medical equipment industry with NT$2 bil investment

During a press conference held Tuesday in Taipei to showcase the local medical imaging industry, the Economics Ministry of the Taiwan government announced that it plans to invest NT$2 billion (US$ 6.5 million) in the medical equipment sector.

The government intends to use this investment to build on Taiwan’s advantages in the intensive therapy unit (ITU) sector and develop total health equipment solutions that are portable, multi-functional, faster and more precise at detecting diseases, and boost the local medical equipment industry’s value to NT$200 billion by 2020.

With fast growing elderly populations in not only Europe and the US but also many Asian nations, particularly Japan and Taiwan, worldwide demand for advanced medical equipment is accelerating. Particularly sought after is high-level medical imaging equipment such as ultrasound, digital x-ray, and Magnetic Resonance Imaging (MRI) machines to detect and address chronic diseases prevalent among senior populations.

Read more here from the Taiwan News.


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