As 2019 draws to a close without the achievement of several hoped-for advances in regulatory procedures for medical devices, multinational companies in the sector are looking to the new year for some significant breakthroughs. Topping the wish list is passage of the draft Medical Devices Act, which would create dedicated legislation to govern the industry…
The Taiwan Precision Medicine Initiative offers the opportunity to dramatically improve the nation’s medical landscape and advance the lucrative biomedical sector with an ambitious DNA mapping project. “The best doctor cures the illness that is still obscure, the good doctor cures the illness that is about to break out, and the ordinary doctor treats the…
Taiwan and other regional players are finding it difficult to compete on the same scale as China when it comes to hosting clinical trials. Over the years, Taiwan has developed a strong reputation in the field of healthcare. It is now looking to leverage its advantages to position itself as a regional biomedical hub and…
For the time being, Taiwan’s highly popular universal healthcare program is still solvent. But due to rising costs and a rapidly aging population, the system may run out of funds within two years unless increased premiums and other reforms are put in place. Taiwan’s National Health Insurance (NHI) system is currently living beyond its means….
To succeed, the Taiwan government’s plan must overcome fiscal, talent, and cultural challenges. In April this year, Taiwan passed the threshold to officially become an aged society, with more than 14% of the population older than 65. That trend is set to accelerate over the next decade. By 2026, 21% of the population will be…
Taiwan medical tourism is becoming increasingly popular, especially with Chinese patients. But is prioritizing tourists a misuse of medical resources? Since 2009 when the Executive Yuan designated medical tourism as one of six “emerging industries” earmarked for development, the government has annually set aside budget to promote Taiwan medical tourism abroad as a method for healthcare treatment….
For the time being, the National Health Insurance program is on a solid financial footing. But demographic shifts will pose greater challenges in the years ahead as Taiwan becomes an aged society with the need for increased care for the elderly. What are some of the ways Taiwan can try to cope with those pressures?…
