The total Taiwan spinal implants market is growing at a rate of 1.7%, which will take the 2019 market value of $284 million up to nearly $310 million by 2024.
Both fusion and non-fusion procedures are typically performed to treat spinal complications that are much more common in elderly patients. In Taiwan, approximately 14% of the population was over 65 years of age in 2017, and this is expected to grow to 15% by 2020. Growth of this population is expected to stimulate growth in both fusion and non-fusion spinal implant markets.
The Taiwanese spinal implant market is mature and stable. As a result, the majority of growth in Taiwan is due to the proliferation of newer technologies, including artificial discs and percutaneous vertebral augmentation (PVA).
According to idata Research DePuy Synthes is the leading competitor of the Taiwan spinal implants market, followed by local companies and Medtronic. DePuy Synthes continues to expand their product offerings through their purchase and development agreement with Interventional Spine in January 2017. The agreement entails DePuy Synthes will add a family of expandable cages, normally used in spinal fusion surgery, to its spine product portfolio.
Taiwan’s Top 4 Major Spine Companies
1.- BIOMECH Paonan
The world 1st case of spinal implant was carried out in 1984, and the following year BIOMECH Paonan was established. The company’s founder, Benny Yeh has more than 30 years’ experience in designing and marketing spinal devices, and participated in more then 200 patent application. BIOMECH Paonan is always in the trend with the spinal device technology. Our spinal products include FUSION and NON-FUSION treatment. We fulfill clinical unmet needs by designing delicate devices which are easy to use.
BIOMECH Paonan’s R&D team collaborate with international medical advisors to provide the best quality products and services. Furthermore, we also establish several service branches in Asia region.
BIOMECH Paonan’s products include:
- 3D printing porous cage (NEST) for better osteointegration.
- Flexible anterior cervical plate/micro-motion cage to accelerate fusion and for disc replacement.
- Dynamic spinal stabilization systems for motion preservation
- Other device such as disposable working tube for minimally invasive surgery
- Interspinous process fixation, interspinous process decompression and facet fusion implant.
BIOMECH Paonan have different spinal products to treat different indication of spine. The company is still expanding and growing, we welcome all who are dedicated to this medical field to join us.
Remark: Biomech’s sales licenses reference: 28 licenses by TFDA (Taiwan), 5 licenses by FDA (USA), 1 license by PMDA (Japan), 11 licenses by NMPA (China), and CE for 12 systems (EU) so far.
PAONAN has been 25 years experience in design orthopedic products. Our R&D team not only have surgery experience but also biomechanical and biomedical engineers. We dedicated to develop external fixation and spine products, especially in totally spine solutions. www.biomech-spine.com
Founded in June 2001 and based in Taipei, A-Spine Asia (ASA) is an emerging medical device company dedicated to the research, development, manufacturing and marketing of spinal implants and instruments for better spine health management. In addition to its leading position in the spinal implant market in Taiwan, ASA’s products are now commercially available in more than 15 countries worldwide including China, Spain, Philippines, Australia/New Zealand, Iran, Vietnam, Indonesia, Sri Lanka, and Trinidad. The company has a well-trained and highly motivated management team with extensive experience in orthopedic and spine medical devices. ASA has developed strong & long-term relationships with spine surgeons across Taiwan to offer a unique distribution capability. Please for more information visit: http://www.aspine.com.tw
BAUI is the transliterations of two Chinese characters, which means fortune. However, if translated apart, BAUI is to take all of the customers, employees, and resources as treasure, and with all of them, we fulfill people’s wishes.Since 2009, BAUI has started the spinal medical devices supply. We offer the most state of the art and the safest products for surgeons and the maximum benefits for patients. The main products include cervical and lumbar fusion systems, stabilization systems, and Minimal Invasive System.
With the 30-year manufacturing experience and its own testing laboratory, BAUI is able to embody the promising vision from the R&D team and offer innovative spinal devices with superior quality. Our elite and professional team with relevant medical backgrounds ignites the innovation, motivation, and the insistence on the quality and stability of the spinal devices and services. BAUI’s mission is to develop and provide the most state of the art, the best-quality, and the safest products and BAUI’s vision is to brighten the postoperative lives of patients and devote ourselves to the society worldwidely.http://www.baui.com.tw
Wiltrom Medical is established in December of 2009, and it is a spin-off of Industrial Technology Research Institute. Wiltrom is dedicated in the research and production of a wide range of various high-end, implantable, Class II and III medical devices. The development of products is strongly focused on innovation and to create a highly competitive private brand on the market internationally. http://www.wiltrom.com.tw