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Smart and Healthy Life in the Aging Society (2015-04-14 IEK產業情報網 )

In the next decade, the development of the biomedical and healthcare industries is closely related to aging issues, including meeting various needs of medical care, improving medical service efficiency, compensating for the lack of medical manpower, and providing decentralized solutions outside of medical institutions.
The major investment targets include assistive equipment, smart medical services, diagnostic products, miniaturized medical devices, wearable technology, smart mobile health applications, and the like. The combination of medical materials, software platforms and decision-making systems with related services of cloud computing and big data is expected to be another long-term driver for the growth of Taiwan’s industries.
Global venture capital has been injected for several years into the smart health industry, with investment in 2013 of more than $1.9 billion, compared with 2011 showing a growth of more than one fold and an increase in the number of transactions of 143%. The surge is unprecedented. Therefore, major international firms spotted lifestyle changes among users and have launched the corresponding hardware devices, software and platforms to obtain market advantages. Industries in Taiwan should also be part of the trend.
In the medical material market, which has a close tie with the healthcare industry, emerging countries can be considered as the future playing field. For example, the rapidly-growing China market has surpassed France, the UK, and Italy and become the world's fourth-largest market; India, located in the heart of South Asia, continues to flourish and maintains a high growth in the medical material market. In the next five years, India’s compound annual growth rate (CAGR) is expected to be nearly 20 percent. With lots of merging activities going on in recent years, the potential of Southeast Asia cannot be ignored either. Malaysia, for instance, is worthy of exploration as it is the fastest growing economy among ASEAN countries and has the largest market share.


Figure 1. In the medical material market, emerging countries have high potential for future growth.

This article is a reprint from the No.80 issue of ITRI TODAY.
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