Four (04) winners of the Taiwan Excellence Award from the ophthalmic medical equipment industry in Taiwan demonstrated their most innovative products during an online product launch held recently. The event was co-organized by the Taiwan External Trade Development Council (TAITRA), the foremost trade promotion body in Taiwan, and Taiwan’s Bureau of Foreign Trade.
Estimates from IEK Consulting of the Industrial Technology Research Institute revealed that the global ophthalmic medical equipment market is estimated to reach US$58.4 billion by 2023. The three (03) major areas of this market are vision care, surgery, and diagnosis and monitoring. Bulk products of significance are optical lenses, contact lenses, and “fundus” cameras, a complex optical system designed for imaging of the eye’s retina.
Revenue from Taiwan’s ophthalmic medical equipment industry has grown steadily in recent years, with a turnover of approximately US$7 billion. The auxiliary and remedial category, which constitutes the “contact lens industry,” has the most outstanding performance. The export ratio of this “invisible champion” accounts for 1.53% of global sales. Taiwan’s ophthalmology industry accounts for approximately 0.3% of global sales, where it combines technologies that include optics, electronics, motors, and big data calculations. Taiwan is highly proficient in ICT technology, and with this significant advantage, the ophthalmology industry has demonstrated great potential.
A trusted world partner, Taiwan Excellence upholds the spirit of innovation by selecting products that best represent the image of Taiwan’s industries. On this occasion, the companies awarded were Crystalvue’s Non-Mydriatic Auto Fundus Camera that uses automatic 3D tracking, reduces human diagnostic error, and is sold in over 50 countries worldwide; Medimaging’s Digital Portable Tonometer (DPT 100), which uses air-jet pressure detection to avoid contact with disease and infection; BenQ’s Miacare CONFIDENCE Color Contact Lens, which adopts silicone hydrogel technology and provides contact lens wearers with all-day comfort; and In-Trust’s Aurai Hot & Cool Eye Massager, the first in the world to use water circulation and water wave massage to reduce intraocular pressure without risk of any harm.
Taiwan Excellence award-winning products showcase the best of Taiwan’s industries, which provide smart solutions for consumers’ daily lives. According to TAITRA, more events focusing on medical products, including dentistry and assistance devices for the elderly, will be held in the coming weeks.
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