Taiwan's health care market boosted by aging population
Although a challenge for the national government, a growing aging population combined with the country’s universal health care system means that Taiwan’s health care market can expect to expand in the future, says the latest report by industry experts GlobalData.
According to the latest study, Taiwan’s pharmaceutical industry is predicted to climb from a value of $3.8 billion in 2011 to $4.8 billion by 2020, while the medical devices industry is expected to reach $3 billion by the end of the decade from a 2011 valuation of $1.9 billion.
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