SOURCE: Industrial Technology Research Institute

Industrial Technology Research Institute

October 26, 2016 05:43 ET

Industrial Technology Research Institute: MEDiT 2016 Focuses on the Theme: Creating a Medical Device Industry Cluster and Forging Global Business Value

TAIPEI, TAIWAN--(Marketwired - Oct 26, 2016) - The theme of MEDiT 2016 is "Creating a Medical Device Industry Cluster and Forging Global Business Value." Among those invited to this year's event are representatives from Medtronic of the US, Thailand's Samaphan Health, USCI Japan, and Lucky Soft, who will share the latest trends in the international medical devices market. Organizers hope the forum will assist local industry in better understanding and seizing opportunities amid the development of the global medical devices sector. MEDiT 2016 will be held on October 26 and October 27 in Taipei, Taiwan.

Statistics from Business Monitor International indicate that the global market for medical devices in 2015 stood at about US$323.9 billion, with the size of the market anticipated to grow to US$382.5 billion in 2018. Revenues of Taiwan's biotechnology industry in 2015 rose 3.5% to NT$298.6 billion, with the medical device industry accounting for 44.5% of that total. The developmental strategy for the local medical devices industry has been to emphasize innovation and high value, with the hope of combining the technical capacities of the ICT, composite materials and precision machinery sectors to hasten the development of high added-value medical devices.

ITRI has long dedicated itself to the development of smart, high-end medical devices, and it has already produced impressive research achievements in areas including ultrasound imaging technology, biomedical optoelectronic diagnostic applications technology, and X-ray technology. ITRI continues to strive to utilize its R&D strengths, and it will engage in technical collaboration and interaction with industry. ITRI will integrate the strengths of Taiwan's ICT industry into its technology in the future, aiming to seize business opportunities in the global smart medical devices market.

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