There is certainly the business side to the adage that health is wealth. Thus, the trade that comes in light of showcasing globally competitive expertise in the medical field can simply translate to good money benefiting the parties involved.
That is for sure offered on the table during this year’s Taiwan Healthcare Industry Trade Meeting hosted by the Philippines last August 6.
The gathering allowed topnotch Taiwanese companies to share to entrepreneurs and medical experts their valuable experience and research that led to the current lofty status of Taiwan healthcare and medical services, including technologies related to cancer treatment and genetic testing.
“The floor was opened for medical consolations among attendants,” stated representatives from Taiwan External
Trade Development Council (TAITRA) which was behind the crucial efforts in bringing the event to the Philippines.
During the occasion, examinations were carried out by Taiwanese doctors and experts specializing in specifics like ophthalmology, urology, hair restoration, cardiovascular medicine, and otolaryngology and precision medicine.
The meet was aimed at empowering the message of “Enjoying a healthier life with Taiwan medical services” and highlighting among Filipinos the technical know how of such an elite community of practitioners and the business opportunities that go with being in the midst of world-class medical experts.
Participants included doctors from six prestigious hospitals of Taiwan, namely, MacKay Memorial Hospital, Kaohsiung Medical University Chung-Ho Memorial Hospital, Lee Women’s Hospital, Royal 101 International Health Co., Ltd, Taiwan Nobel Eye and Aesthetic Medical Group and the National Taiwan University Hospital.
There were also four singled-out health companies that presented their latest products and services: Biotegy Corporation Ltd., Lite-Med Inc., ACT Genomics Co. Ltd. and Healthcare Industry Development Association.
“Taiwan’s medical services have the reputation of being safe, professional, and customer-oriented,” informed TAITRA.
As of last year, 14 Taiwanese hospitals and clinics had been accredited by global reviewers based on the world’s most reliable set of hospital assessment criteria.
Taiwan’s medical services boasts special areas of specialization that garnered international recognition.
Two years ago, the market value of Taiwan’s biotech industry was estimated at $30 billion (roughly 900 billion TWD) as this neighbor-country becomes an integral part of the global biopharma industry chain.
TAITRA, through a specially made exchange program with other Asean members, is spearheading a trade mission to the Philippines to establish cooperation that first and foremost should address issues on bilateral pharmaceutical certifications and the development of a new drug and medical equipment. Part of the plan is to assist patients from Southeast Asia targeting Taiwan for medical treatment.
Recent data revealed that a quarter of over 300,000 overseas patients going to Taiwan for treatment came from Southeast Asia. Thanks to its cutting edge medical techniques and comparatively affordable prices.
The country offers premium medical services at a fraction of the price as it is known in west countries.
Founded in 1970, TAITRA is Taiwan’s nonprofit trade-promoting organization assisting enterprises in expanding their reach to the international market. It has a team of 1,300 specialists while it operates five local offices and 61 branches worldwide.
Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA fuels a global network that promotes world trade.
By: Yugel Losorata, September 2, 2018
Source: Taiwan News
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan