From the Consultant’s Corner Newsletter, June 2013
Medical device industry observers and stakeholders have touted Asia in recent months for its strong growth potential and relatively healthy economic conditions. Three Asian markets, however, have recently shown specific signs of strength generally ascribed to the region as a whole.
Taiwan’s market to approach $3 billion in 2013
First, the Taiwanese government released a report in late May projecting a more than seven percent growth rate for the country’s medical device sector, to $2.71 billion, in 2013. Demand for contact lenses and blood glucose monitors, in particular, will fuel this growth, according to the Taiwan Industry of Economic Affairs’ Industry and Technology Intelligence Services. Accordingly, manufacturers specializing in vision care and diabetes management devices stand to gain from commercializing in Taiwan. Read more…