A total of 253 manufacturers of medical equipment and pharmaceuticals from home and abroad will attend the four-day Taipei International Medical Equipment and Pharmaceuticals Show (Mediphar) at the Taipei World Trade Center from Nov. 9 to 12.
Sponsored by the China External Trade Development Council (CETRA,
The overseas exhibitors are from the US, Singapore, Bangladesh, Hong Kong, Japan and Israel.
A CETRA spokesman said that this year, local exhibitors will present achievements of their R&D breakthroughs, which include a painless needle-free transdermal drug-delivery technology developed by researchers at the Taichung Veterans General Hospital, a one-second infrared ear thermometer and an electronic acupressure device.
A recent market analysis by CETRA indicates that at present, the global medical industry does US$100 billion-worth of business each year, with the US accounting for about US$43 billion. In the 1980s, only 25 percent of the total business was in markets outside the US, but nowadays, these markets account for 60 percent of the business, with Latin America and Asia showing the most robust growth.
According to the report, demand in Taiwan for medical treatment equipment in 1999 amounted to NT$31 billion, while the output of the nation's medical industry was valued at NT$17.3 billion. Imports of medical treatment and health maintenance equipment have exceeded exports in recent years.
According to a report by the Industrial Development Bureau, most local manufacturers in the medical sector are at present producing low-end products such as disposable materials with simple functions, although increasing numbers of pharmaceutical manufacturers have boosted their investments in medical biotechnology.
The report predicts that local medical industry's investments in biotechnology will double in the next few years.
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