Bangalore: Just like other countries, Taiwan has been grappling with the novel coronavirus, yet it is tackling the situation with the help of its advanced ICT and biomedical industries.
Given its geographical proximity to China, Taiwan was estimated to be heavily hit by the spread of COVID-19. However, the island has maintained a considerably low number of confirmed cases. The country’s advanced smart healthcare system coupled with its cutting-edge medical devices has played a key role in this. Taiwan has been using mobile big data to track the movements of people along with automated systems to disinfect, deliver meals, and even fill gaps in production capacity.
With the current healthcare crisis, when countries can benefit from such systems, Taiwan will continue to offer a strong ecosystem for smart medicine and ICT. According to BMI report, the size of the medical device industry around the world will increase from US$389.9 billion in 2018 to US$490.2 billion in 2022, a compound annual growth rate of 5.9%.
At a time like this, development of innovative technologies such as the IoT, big data, AI, and machine learning is bound to have prominent prospects. While there has been increased investment by medical device companies, there will also be many new ventures and technology enterprises joining the industrial investments. Taiwan with its strong manufacturing experience can offer expertise in ICT, biomedical and world-class medical standards to develop further on AI, big data, mobile healthcare and telemedicine, smart hospitals and high-value medical devices.
Some cutting-edge products from Taiwanese brands are already renowned in international markets. For instance, the Non-Mydriatic Auto Fundus Camera by Crystalvue Medical Corporation is sold to more than 40 countries around the world and serves as references for clinical diagnosis of diabetic retinopathy, age-related macular degeneration, glaucoma, and other ophthalmology-related lesions. Similarly, Rightest Precision Healthcare Ecosystem from Bionime collects and analyzes health data through digital health service stations, and converts them into easy-to-understand charts. Netown’s Health Evaluation and Exercise Enhancement System is the first of its kind in Taiwan, an AI-conducted exercising machine with simple interface that integrates muscle loss assessment and muscular coordination and balance. It performs to assist seniors with their health management.
Mark Wu, Executive Director of TAITRA’s Strategic Marketing Department said,“The concept of smart healthcare focuses on instituting intelligent systems that improve the quality of patient care. Smart healthcare has influenced a gamut of pharmaceutical products, medical equipment, and health and wellness products to create a holistic system. Taiwanese technology is leading the world toward this new frontier. With our proven prowess in life-changing technology, Taiwan will continue to help other countries tackle spheres like healthcare and mobility through its cutting-edge smart healthcare brands.”
Taiwan will display some of its award-winning products at professional exhibitions such as Medical Taiwan (June 11-13), IDEM Singapore (June 19-21), AACC (July 26-30), AGExpo (August 20-23), and MEDICA Germany (November 16-19).