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Health Care Industry

Health Care Industry

Taiwan's healthcare industry - with its high-tech precision equipment, professional medical team, and services - has been well recognized by the world. Many people choose to travel from Asia, the Middle East, and North America to Taiwan for the premium medical attention at a fraction of the price. According to statistics by the Ministry of Health and Welfare, over 400 thousand overseas patients came to Taiwan for medical attention in 2019.

Taiwan ranks pioneer as the world’s most efficient health care system. “The global competitiveness reports-2019” by World economic forum ranks Taiwan in 12th position among 141 countries, 1st in macroeconomic stability and 4th in innovation capability.

Taiwan’s exclusive health care model imbibes high quality, affordability, technology and innovation, patient-oriented services, comprehensive specialities and services of leading physicians. The thriving IT/ICT industry supply chain offers quality biopharmaceutical R&D capabilities, harnesses innovative AI technology and medical engineering to nurture Taiwan’s pioneering healthcare industry.

The CEOWORLD magazine, 2019 which ranks 89 countries globally based on overall healthcare contribution, has ranked Taiwan as a pioneer in healthcare system. The survey statistics grades Taiwan’s excellence in Healthcare index (78.72), Infrastructure (87.16), professionals (14.23), cost (83.59), availability (82.3) and government readiness (87.89).

Taiwan Health Industry is also ranked 3rd in the newcomer markets with the key drivers for advanced medical care, best healthcare system, big data, high-quality clinical trials and R&D capabilities, ITC supply chain, manufacturing, AI and 5G R&D.