Taiwan Healthcare and Medicine Tenders

Taiwan's healthcare and medicine market is booming, with a 3% annual growth rate. It reached $2.9 billion in pharmaceuticals and $2.7 billion in medical devices in 2021.
This growth is driven by rising disposable incomes, an aging population, and increasing government investment in precision health initiatives.
Taiwan is also a leader in Information and communications technology (ICT), which is being leveraged to develop innovative healthcare solutions.

The Taiwan government plays a vital role in the healthcare market, accounting for a significant portion of total procurement.
This spending helps drive innovation and market access for domestic and international companies.
In 2019, Taiwan's healthcare expenditure reached $36.9 billion, with the government contributing substantially.

The government procures a wide range of healthcare and medicine products and services, including:
Pharmaceuticals
Medical devices
Traditional Chinese medicine
Healthcare IT solutions
Hospital and clinic equipment
This opens up numerous opportunities for businesses across the healthcare spectrum.

Several key authorities oversee Taiwan's healthcare and medicine procurement:
Bureau of National Health Insurance (BNHI): Manages the universal healthcare system and procures pharmaceuticals.
Central Government Tendering Office (CGTO): Handles tenders for medical devices and other equipment.
Ministry of Health and Welfare (MOHW): Sets overall healthcare policies and guidelines.

Local and international companies are vying for a piece of the pie. Some of the top winners in recent procurements include:
Roche: Leading pharmaceutical supplier.
Johnson & Johnson: Major medical device provider.
GE Healthcare: Strong contender in medical imaging equipment.
Philips: Another key player in medical devices and IT solutions.

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