Guide to Taiwan’s health industries

Health systems around the world are facing a host of challenges, including ageing populations requiring more care, rising healthcare costs, a shortage of medical workers and the recovery from the Covid-19 pandemic.

At the same time, consumers and patients are expecting new clinical and care delivery capabilities (centred around digital solutions) and better experiences from health systems across their end-to-end care journeys.

In response, health systems are working to transform towards a more sustainable model of care delivery, as can be seen in Taiwan’s efforts to build on its successful Covid response and accelerate healthcare innovation.

Taiwan has a high performing healthcare system that is recognised for its universal health coverage and care, but it faces mounting pressure to meet the rising demands of a fast ageing population and chronic diseases.

Digital health is playing a key role in countering those challenges, as seen in the growing number of strategic alliances between local medical institutions and businesses in innovative areas such as AI, Big Data and IoT.

Furthermore, the government is actively fostering the growth of Taiwan’s biomedical industry and accelerating the development and commercialisation of emerging medical technologies and treatments for precision health.

These innovation activities are attracting growing interest from international health and biomedical companies in Taiwan’s health industries market and the potential opportunities for growth, investment and collaboration.

In view of that, PwC has compiled this comprehensive introductory guide for organisations wanting to know more about Taiwan’s healthcare system and its biotechnology, pharmaceutical and medical device sectors.

We hope you will find the guide to be a useful reference resource. If you would like more information or have questions about Taiwan’s health industries and how we can be of help, please do not hesitate to contact us.

The current edition of the Taiwan health industries guide is dated July 2024.