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Spinal Patients in Taiwan Receive Fast Care with Unique Reimbursement Structures; Market Led by DePuy Synthes, Medtronic
Date:8/13/2014

Vancouver, BC (PRWEB) August 13, 2014

August 13, 2014 – Vancouver, BC – According to spinal implant market data released by iData Research (http://www.idataresearch.com), ), the leading global authority in medical device market research, the spinal implant market in Taiwan, excluding minimally invasive spinal implant products, will remain highly competitive. International spinal implant companies seeking to make inroads into Taiwan need to understand the complicated reimbursement landscape. Moreover, the spinal implant market in Taiwan remains modest, projected to remain valued at under US$100 million by 2020.

“Spinal implant cost reimbursement in Taiwan can happen before or after the surgical procedure is performed,” explains Dr. Kamran Zamanian, CEO of iData Research. “If a patient agrees to the procedure before it is reimbursed, to alleviate symptoms and pain more quickly, manufacturers charge lower prices for pedicle screws and fixation accessories used in pre-approval cases in order to promote sales of their higher priced interbody devices. There have been cases of physicians persuading their patients to use the devices prior to approval in order to receive benefits from suppliers.” Whether reimbursement happen pre or post- approval, patients are generally fully covered.

Other key findings from the iData Research report entitled Chinese and Taiwanese Markets for Spinal Implants are:

Taiwan Spinal Implant Market Breakdown: Just under half of the spinal implant market in Taiwan comprised interb
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