Technology, the future of healthcare

Brands:

Technology has made its way in all areas of our lives including the healthcare sector. One of the biggest benefits technology has to offer in the healthcare sector is easier and faster access to information required for both healthcare professionals and patients. The global healthcare information technology (IT) market size was valued at $250,577.15 million in 2020, and is projected to reach $880,688.75 million by 2030, registering a CAGR of 13.3% from 2021 to 2030.

Taiwan with its technological edge has been helping innovate healthcare technology with smart products. The island has a comprehensive electronic industry supply chain and medical system, over 24 years of National Health Insurance data that can be applied in AI medicine development. These combined with proprietors and hospitals that can collaborate to export solutions overseas truly makes Taiwan a driving force in the healthcare ecosystem.

Taiwan Excellence Awards, established by the Ministry of Economic Affairs in 1993, recognises brands that are shaping the healthcare industry worldwide. Every year, selected brands are subjected to a rigorous and stringent selection system that covers four major aspects of “R&D”, “Design”, “Quality” and “Marketing” to identify outstanding products that offer “Innovative Value” while satisfying the key criterion of being “made in Taiwan”. Products that win recognition then serve as examples of the domestic industries and are promoted by the government in the international market in order to shape the creative image for Taiwanese businesses.

This array of innovative Taiwanese products include the VIP2 Series wheelchair by KARMA MEDICAL PRODUCTS CO. LTD. This product has been designed to make patient care easier. It comes with unique positions that ensure a comfortable ride, a stable sitting posture, and reduced sitting pressure. The detachable armrests allow the caregiver to do side transfers to a bed or seat. It can also be folded, stored easily or placed in the car making it a convenient option for hospital visits and day trips.

Another such product innovating the healthcare space is Pvix AR Professional Oral Health Training System by EPED Inc. It is the world's first AR technology applied to oral health and care training systems. It uses optical space location technology to track toothbrushes, interdental brushes and oral swabs equipped with optical positioning elements. This training system can be used to assist public health care related departments, community health centers and other institutions which need necessary training courses for oral care and health care.

Devices like S35 Power Mobility Scooter by HEARTWAY MEDICAL PRODUCTS CO., LTD. is another product that is a direct result of R&D by a Taiwanese brand. The concepts of operation, comfort, safety, modernization, environmental protection and market demand has resulted in its creation. This electric foldable scooter is easy to carry, lightweight, uses a lithium battery module and can drive 25km per charge. It has an excellent turning radius, driving smoothly and also comes with side lights to ensure the safety of users driving at night.

Stakeholders around the globe are looking for innovative, cost-effective ways to deliver patient-centered, technology- enabled “smart” health care, both inside and outside hospital walls. Aging and growing population has further highlighted the need for advanced patient care and equipment that make such care easy. Technological innovations by Taiwanese brands is making patient care simpler as well as affordable and Taiwan Excellence is making such solutions accessible to the world.

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