Soaring Medical Devices Market

Latest issue of BusinessWeek has an article about the soaring market of medical devices. For example, China's market in 2012 was valued at USD $20B and will grow to $53.5B in 2020. Taiwan's market growth rate in 2013 for medical devices is expected to be 7% (lower than the global growth rate of 10%). It seems like most of the market is on the less-complicated electronic blood sugar, blood pressure monitors and thermometers. (See Figure). Taiwan should be able to tap much more into this market with integrated system of hardware and real-time monitoring app on smartphones.