Research and Markets: The Taiwanese Government is Looking at Reducing the Overuse of Services...

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c37874) has announced the addition of the new Espicom Business Intelligence report "The Outlook for Medical Devices: Taiwan" to their offering.

Along with Korea, Taiwan is one of the richer 'Asian Tiger'

A system of universal health insurance was created in 1995. It has always operated at a loss, however, and the government has been repeatedly forced to either raise premiums or contribution thresholds, the last time in February 2005. Such moves are increasingly controversial for the government. Late payments between healthcare providers are also a problem.

Provision of healthcare is generally in the private sector. There is considered to be widespread overuse of services such as outpatient consultations and drug prescriptions. The government is looking at reducing this, in a further attempt to control health insurance bills.

Imports supply around 80% of the medical equipment market. There is a growing domestic industry, which is becoming more sophisticated. Taiwan is a major manufacturer of wheelchairs in particular. However, local production remains fragmented and largely geared to supplying export markets. The market is therefore dominated by overseas companies, principally from the USA and Japan.

Medical device regulation in Taiwan is bureaucratic and opaque. Regulations are broadly based on a US/Japanese risk-based approach, but the process can be time consuming and unpredictable.

Medical Device Market Outlook reports are ideal for executives wanting to understand the key drivers in the medical market and stay up to date with market developments over the coming year. The report provides a comprehensive analysis of the market, five-year forecasts by technology category, national data projections, outlook and key market developments. Importantly, the market can be seen in its global context with international market comparisons. When you buy a Medical Device Market Outlook report - either individually or as part of a collection - you will receive 3 quarterly updated reports at no additional charge.

For more information visit http://www.researchandmarkets.com/reports/c37874