To tap into Taiwan’s burgeoning medical and instrument industry, the Taiwan External Trade Development Council (TAITRA, 外貿協會) is hosting the 20th MEDIPHAR exhibition to draw buyers from all over the world to local businesses.
TAITRA invited potential buyers from 25 countries including Italy’s Artsana SPA Group, South Korea’s Samsung C&T Corp and the UK’s Unipath.
According to a Ministry of Economic Affairs’ research project, Taiwan’s medical and instruments industry grew at an annual compound rate of 11 percent over the past six years, compared with a global growth rate of 6 percent.
Total production value is likely to reach NT$54.2 billion (US$1.65 billion) this year, while exports will break the NT$30 billion threshold.
The Taipei International Medical and Healthcare exhibition opened yesterday and runs through Sunday at the Taipei World Trade Center.
There are 266 exhibitors and 541 booths showcasing medical materials, information technology communication products, bio-tech products, pharmaceuticals and medical education equipment.
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