As senior age issues will be an important challenge for all developed countries in the world, it is expected that medical expenses will continue to increase, so the future medical devices market will still be showing stable growth trend issue in Japan. According to the FitchSolutions Research's report, the global medical device market in 2018 is about $389.1 billion, and is expected to grow to $462.5 billion in 2021, with a CAGR of 6.5% in 2018-2021, which, compared to last year estimated growth of 5.7%, is a pretty optimistic view of the market.
I. Industry category
II. Medical Devices Industry Review – 2018
III. Emerging product technology trends - Artificial intelligence in medical imaging applications
IV. 5+2 Industry innovation
V. 2019 Industry prospect
Fig 1. Scope of medical devices industry in Taiwan
Fig 2. 2017-2021 Global medical device market size forecast
Fig 3. 2014-2018 Taiwan medical device industry output value
Fig 4. 2018-2021 Global medical device market forecast analysis
Fig 5. 2015-2019 Taiwan medical device output value forecast analysis
Table 1 Promotion results of the "Biomedical Industry Innovation Program"