SINGAPORE, Sept 13, 2024 - (ACN Newswire) - Over three days from 11 to 13 September 2024, Taiwan Excellence Pavilion showcased Taiwan’s leading medical innovation and cutting-edge solutions, exemplifying the country’s commitment to advanced medical care at Medical Fair Asia 2024. Held at Marina Bay Sands Expo and Convention Centre, Taiwan’s representation was strong with a contingent of about 90 companies in three separate Taiwan pavilions - Taiwan Excellence Pavilion, Taiwan Pavilion and TMBIA Pavilion.
Themed “Shaping the Future with Taiwan's MedTech Innovation” the Taiwan Excellence Pavilion covered three aspects of Taiwan’s medtech innovations - Diagnostic Innovations, Treatment Innovations, and Innovations in Telemedicine and Digital Health Platforms. Taiwan Excellence Pavilion provided 16 leading Taiwanese companies a platform to reach out not only their trading and medical technology partners in the region but also to fulfil their goal of assisting more people to lead longer, more meaningful and healthier lives with innovative technology.
Taiwan Excellence Pavilion kicked off the three-day event with the Taiwan Excellence Medical Industry Talk on 11 September 2024. Among the leading Taiwanese companies, Acer Medical Inc., V5med Inc., Shennona Co. Ltd, Brain Navi Biotechnology Co., Ltd, and A Plus Biotechnology Co. Ltd., introduced their products and services and discussed the MedTech trends in Taiwan.
Ms. Anna Wu, Director of Taiwan Trade Center Singapore (TAITRA) said, “Taiwan is a frontrunner in medical device innovation, spearheading breakthroughs that improve patient care and transform the healthcare landscape. Building on its expertise in the semiconductor industry, Taiwan has successfully applied advanced technologies and fostered a strong culture of innovation in the biomedical field. Being a part of Medical Fair Asia 2024 helps Taiwanese MedTech companies showcase Taiwan’s leadership in the area.”
Mr. Daniel Lee, Chairman, Taiwan Medical and Biotech Industry Association provided an overview of the development of the Taiwan MedTech industry, “Singapore has always been a key partner for Taiwan in the region, with flourishing bilateral trade and technological cooperation. This presents vast opportunities for Taiwan and Singapore to collaborate in the field of smart healthcare, beyond trade, to include technology transfer, research and development, and joint promotion of medical innovations. Through this partnership, we can make transformative contributions to the global medical industry.”
Through its participation in Medical Fair Asia, Taiwan Excellence aims to strengthen the enduring ties between Singapore and Taiwan, especially in the medical industry. In 2023, two-way trade between Singapore and Taiwan was worth US$39.2 billion, with Taiwan’s exports to Singapore reaching US$29.7 billion, making Singapore Taiwan’s fifth largest export market.
“A key factor in Taiwan’s success in medical innovation is its collaborative ecosystem, where interdisciplinary partnerships between academia, industry, and medical institutions drive research and development. These alliances are central to the nation’s impressive strides in medical device innovation. Through this medical fair, our goal is to ensure that all our exhibitors form a deeper connection with the APAC market and we are looking forward to introducing more of the best of Taiwan’s MedTech to the larger industry and expanding to the other regions as well.” Ms. Wu added.
Mr. Allen Lien, Chairman and CEO of Acer Medical Inc. and one of the exhibitors at Taiwan Excellence Pavilion, said, “We are thankful to Taiwan Excellence for giving us this platform to showcase our smart healthcare-related products at the region’s leading healthcare event. Over the three days, our products have garnered the interest of potential customers, and we had the opportunity to connect with our target customers and expand into new regions. We look forward to bringing more MedTech innovations to the next Medical Fair Asia.”
Medical Fair Asia 2024 saw approximately 1,000 exhibitors from 45 countries and regions, 19 country pavilions, and 14,000 registered visitors over the three-day event.
According to the Singapore Economic Development Board, it is foreseeable that the Asian MedTech market will overtake the EU as the second largest market globally. With Singapore strategically placed, MedTech companies are able to tap into regional resources with the country’s high-value MedTech manufacturing base, innovative R&D ecosystem and hub for new business model innovation, providing a platform for Taiwanese innovators to propel into the international MedTech market.
About Taiwan Excellence:
The Taiwan Excellence Award was established in 1993 by Taiwan’s Ministry of Economic Affairs (MOEA) with the aim of recognising outstanding products from Taiwan. Products shortlisted for the annual award are proudly made in Taiwan and are judged on their R&D, Design, Quality and Marketing with a key emphasis on Innovative Value. The products that passed the stringent selection process proudly wears the mark and are promoted in the domestic and international markets to strengthens Taiwan’s reputation as the hub of innovation.
Media Contact:
PRecious Communications for Taiwan Excellence
Tel: +65 6303 0567
Email: taitra@preciouscomms.com
Organized by:
International Trade Administration (TITA), MOEA
The International Trade Administration (TITA) is responsible for implementing policies and regulations governing foreign trade and economic cooperation. Its primary duties currently include participating in the activities of international economic and trade organizations and enhancing bilateral trade relations.
Taiwan External Trade Development Council (TAITRA)
Founded in 1970 to help promote foreign trade, the Taiwan External Trade Development Council (TAITRA) is the foremost non-profit, semi-governmental trade promotion organization in Taiwan. Jointly sponsored by the government, industry associations, and several commercial organizations, TAITRA assists Taiwanese businesses and manufacturers with reinforcing their international competitiveness and in coping with the challenges they face in foreign markets. TAITRA boasts a well-coordinated trade promotion and information network of over 1,300 international marketing specialists stationed throughout its Taipei headquarters and 62 overseas offices worldwide.
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