IEK Consulting estimates that in 2017 the output value for Taiwanese medical equipment was about US$3.4 billion and will have reached US$3.8 billion by 2019. The aging of society has resulted in an increased demand for assistive devices and bone implants, which, along with increased orders for blood sugar meters, test strips, and contact lenses, will be major drivers of output value growth. Taiwan has three opportunities for developing smart healthcare:
- A complete and comprehensive electronic industry supply chain and medical system.
- National Health Insurance data accumulated over 24 years can be applied in AI medicine development.
- Proprietors and hospitals can collaborate to export solutions overseas.