Taiwan Healthcare Companies Look At Entering India
A host of healthcare majors from Taiwan are looking to set foot in India at a time when the sector is witnessing robust growth. These include prominent names such as Treat You Medical Technology Corporation and Ti-Ho Healthcare Technology.
Treat You Medical Technology Corporation has a big breakthrough in oxygen technology, and implements this technology into TreatU Potential Oxygen System. This system can precisely detect oxygen deficiency in the body, and then eradicates the problem of oxygen deficiency in the body.
According to Journal of Cancer Epidemiolog, over two-thirds of the world’s cancer deaths occur in economically developing countries, including Brazil, Russia, India, China and South Africa – known as BRICS.
“TreatU Potential Oxygen System is a revolutionary solution that enables good health without medicines. We plan to save lives not only in Taiwan, but also in India and every corner in the world,” said a spokesperson from Treat You Medical Technology Corporation to Businessworld.
Ti-Ho Healthcare Technology, on the other hand, uses high-end technology to do dental implants, an area that has immense opportunity in India. In dentistry, automation has been the trend for the last 10-15 years. With the advent of cone-beam CT scans, several surgeries today such as implant or bone grafting surgeries or surgeries for tumors are being aided by it.
“The contours of healthcare will change dramatically over the next 10-15 years and it will be enabled by strong confluence of technology, data science and clinical service,” Amit Varma, co-founder and managing partner of Quadria Capital, had earlier said, while predicting the future of healthcare sector in India that is growing at a CAGR of 17 per cent (2008-20) and is expected to reach $280 billion in 2020. While newer platforms enabled by artificial intelligence, machine learning and deep learning will help low to mid-level therapy solutions, surgeries will be aided by live robotic interventions and implants will be custom made through 3D printing.
All in all, it’s an exciting time for foreign healthcare firms to foray into the country to tap the healthcare sector. In the dental space, the concept of single specialty in India has come up in a big way. People prefer to walk into these centres much more than multispecialty for treatment.
