Delving into “Taiwan Excellence” Pioneering Future Telemedicine Innovations Shine at Medical Fair Thailand 2023
Taiwan Excellence has brought together pioneers in healthcare, biotechnology, and medicine from 15 distinguished companies, all recipients of the prestigious Taiwan Excellence award. This gathering takes place at the Medical Fair Thailand 2023, held from September 13th to 15th at BITEC Bangna. Let's delve into the insights shared by these innovative leaders.
13 September 2023, Ms. Pei-Yu Lin, Deputy Director of Strategic Marketing at the Taiwan External Trade Development Council (TAITRA), provided profound insights into Taiwan's global achievements in the medical field, emphasizing the theme of Future Telemedicine.
Ms. Pei-Yu Lin, Deputy Director of Strategic Marketing at the Taiwan External Trade Development Council (TAITRA)
Promoting Global Recognition for Taiwan Excellence in Medical Innovations
Pei-Yu Lin begins by highlighting the core objective of their participation in the Medical Fair Thailand 2023. She states, “Our goal is to enhance global recognition for Made-In-Taiwan products, especially in terms of reliability and cutting-edge technology derived from robust research and development.”
Government Support and Private Sector Vigor
When asked about the support received from the Taiwan government, Pei-Yu Lin affirms, “Yes, we do receive substantial support. Additionally, we provide comprehensive market research, consultations, and assistance to our private sector for their ventures into the global market. However, Taiwanese companies themselves also exhibit tremendous dedication and eagerness to compete on the global stage.”
Thailand's Emergence as an ASEAN Medical Hub
Drawing comparisons between Thailand and other ASEAN markets, Pei-Yu Lin points out Thailand's strategic initiatives to establish itself as the medical hub of ASEAN. “The Thai government is actively promoting the country's potential in the medical industry, and that's why we've chosen to participate in Medical Fair Thailand 2023.”
Taiwan's Remarkable Position in the Global Medical Landscape
While Taiwan may be relatively new to this field, its confidence stems from expertise in semiconductors, often referred to as the “brain” of medical devices. Pei-Yu Lin emphasizes, “The government collaborates closely with the private sector for research and development, as well as market research, resulting in the creation of exceptional products with global reach. These products then undergo rigorous engineering and production processes, areas where Taiwanese companies excel. This holistic approach positions Taiwan as a total solution provider for medical devices, instilling confidence in our foray into the global medical sector.”
This marks the commencement of our exploration into the pioneering companies recognized by Taiwan Excellence. In the subsequent section, we will spotlight five award-winning companies and their exceptional products:
1). AVer Information Inc. is a leading company in educational technology and visual collaboration solutions. They have introduced the AVer MD330U Medical Grade PTZ Camera, designed for remote patient monitoring and live surgical broadcasts. Notably, it features the world's first detachable mobile camera head, with the ability for up to 30x optical zoom, 4K output resolution, and AI-powered tracking functions.
AVer MD330U Medical Grade PTZ Camera
Abbie Huang, the Head of Sales at IPE Medical Department - AVer Information, revealed that the global Telehealth market in 2023 is valued at US$101.15 billion, with an expected CAGR of 24% from 2023 to 2030, resulting in a market value of US$455.3 billion in 2030.
For Thailand, the Telehealth market value for this year is estimated at US$1.1 billion, with an expected CAGR of 19.3% from 2023 to 2030, leading to a market value of US$1.4 billion in 2030.
She emphasized the opportunities for utilizing technology and innovation for widespread advancements in healthcare, ranging from disease treatment to patient care, and even medical education, all facilitated by visual collaboration solutions featuring PTZ cameras.
Abbie Huang, the Head of Sales at IPE Medical Department - AVer Information
2). Energy Resources International Co., Ltd. (ERI) is a company that has revolutionized the dental industry and received FDA certification in both Taiwan and the United States in 2021 and 2022. They have introduced the AG100 battery-powered handheld dental X-ray machine. ERI is also in the process of developing the cutting-edge CVXair portable X-ray system, weighing only 3.5 kilograms for extremities and chest.
AG100 battery-powered handheld dental X-ray machine by ERI
Robert Yang, Vice President of ERI, provided information on the core technology of the AG100 handheld dental X-ray machine, which comprises three core technologies: 1. Carbon NanoTube, known for its high-temperature resistance, high voltage resistance, and high stability. 2. Cold Cathode X-ray Tube, which simplifies the structure and minimizes the radiation dose. 3. Portable X-ray Imaging Device, designed for compact in size and lightweight.
For this event, ERI aims to expand its market in Thailand, seeking distributors and is confident that its cutting-edge dental X-ray technology will be well-received, especially among the fast-growing dental community.
Robert Yang, Vice President of ERI
3). HIWIN TECHNOLOGIES CORP. introduces the MTG H100 Robotic Endoscope Holder, which assists surgeons in achieving smooth surgeries and minimizing incisions. This is accomplished through precise positioning of the endoscope, resulting in a trustworthy surgical assistant.
Hung-Chuan Hsu, Project Manager at HIWIN TECHNOLOGIES, revealed that the company has leveraged its expertise in Motion Control System Technology to develop medical robots, with a focus on reducing the workload of medical personnel while enhancing the quality and efficiency of medical services.
He emphasized the HIWIN Robotic Endoscope Holder MTG H100, designed to reduce the burden on surgical assistants, allowing surgeons to perform surgeries without having to physically move away from the patient.
Hung-Chuan Hsu, Project Manager at HIWIN TECHNOLOGIES CORP.
4). NanoRay Inc. showcased the “Revolux” hand diagnostic radiography system with its patented transmission X-ray technology, in accordance with ISO, QMS, US FDA, and Taiwan FDA certifications for bone age assessment.
Maick Bradford Su, CEO of NanoRay, stated that Revolux is an X-ray imaging system that will transform the diagnostic experience, with NanoRay's core technology reducing radiation exposure by up to 80% and energy consumption by 90%. It saves space, is easily portable, and provides images of up to 4 times higher quality. Furthermore, Revolux integrates cloud AI diagnostic for bone age assessment.
The estimated global bone age assessment market value for 2023 is expected to reach 260 million USD and will grow to US$7440 million in 2030. This segment represents the primary target for Revolux in penetrating the market and replacing the less accurate ultrasound-based bone age assessment.
Additionally, rheumatoid arthritis (RA) is a chronic autoimmune disorder disease occuring in fingers and wrists, presenting another target market. The global total market value for rheumatoid arthritis testing will reach about US$760 million in 2026.
Maick Bradford Su, CEO of NanoRay
5). Wellell Inc. is dedicated to patient-centric excellence, they showcased the Optima Turn Pressure-Reducing Support Surface, mechanically controlling air cells to facilitate continuous 30° patient turning, streamlining caregiver tasks and enhancing clinical results.
Ray Yang, Asia Pacific Regional Sales Manager at Wellell, revealed that regular turning patients to 30° lateral position reduces the incidence of pressure ulcers compared with usual care 90° lateral position and complies with the EPUAP/NPUAP/PPPIA guidelines. The 30° lateral position repositioning eases the burden on nurses, reducing time and effort needed for patient turns.
Optima Turn offers three levels of turning degrees (10°/20°/30°) depending on the patient's weight. Currently, Wellell has established a branch office in Thailand for market expansion.
Ray Yang, Asia Pacific Regional Sales Manager at Wellell
Inside the Taiwan Excellence booth, there are also innovative healthcare technologies, biotechnology, and medical advancements showcased, encompassing both Smart Medical and Telemedicine categories. These innovations are presented throughout the three-day event and include companies such as BenQ Dialysis Technology Corp., BioGend Therapeutics Co.,Ltd., Dyaco Intl Inc.. EPED Inc., Fu Jun Bio-Medical Co.,Ltd., Netown Corporation, Taiwan Surgical Corporation, Winnoz Technology Inc., Inventec Appliances Corp. and Wincomm Corporation.
As the curtain rises on Medical Fair Thailand 2023, it becomes abundantly clear that Taiwan's dedication to excellence and innovation in the medical industry is poised to leave an indelible mark on the world stage. Armed with the Taiwan Excellence seal, a symbol of quality and innovation, Taiwanese companies are uniquely positioned to shape the future of global healthcare, setting new standards for excellence and innovation in the process.
