Press release
Increasing Coverage of the National Health Insurance and Hike in the Demand of Cosmetics, Baby and Maternal Care Products had led to Growth in the Taiwan Pharmacy Retail Market: Ken Research
Impact of COVID 19 on Taiwan Pharmacy Retail Market: The government undertook the distribution of surgical masks from private sector in order to ensure that there are no exploitative pricing and hoarding of these products. These products were then distributed by the NHI Accredited Pharmacies at a fixed price of NTD 5 per piece. These masks were rationed on the basis of the name of the person. Government issued regulations for crowd management, gathering of information on patients and other awareness programs which were to be followed by the Pharmacists. The pharmacy retail market declined initially, however it was able to recover later.
Government Promoting Telemedicine during Corona Virus: Telemedicine is an old concept in Taiwan however onset of Corona Virus helped in accelerating the adoption of Telemedicine in the region. Since Jan 2020, 3,417 hospitals and clinics started providing Telemedicine services in Taiwan. National Health Insurance included telemedicine reimbursement for people at home isolation and quarantine.
Prescription Medicine Co-Payment under NHI: The Ministry of Health and Welfare covers the expenditure on prescribed medicines under NHI. A customer can purchase the prescribed medicines from a NHI accredited pharmacies by making a small co-payment which ranges till NTD 200 depending upon the total expenditure. NHI also offers drug reimbursement on more than 17,000 prescribed medicines.
For More Information on the research report, refer to below link:-
https://www.kenresearch.com/healthcare/pharmaceuticals/taiwan-pharmacy-retail-market-outlook-to-2025/384702-91.html
Analyst at Ken Research in their latest publication “Taiwan Pharmacy Retail Market Outlook to 2025 - By Market Structure (Organized and Unorganized), By Region (Taipei Division, Northern Division, Central Division, Southern Division, KaoPing Division and Eastern Division), By Product Sales (Prescribed Medicines, OTC Products, Non Pharma Products and Medical Equipment), By Drug Type (Generic And Patented) and By Therapeutic Class” observed that Taiwan is a growing market for pharmaceutical products. The Universal Coverage of National Health Insurance has helped in development of the market. The government closely monitors and regulates the market in terms of product offering and pricing. It offers Co-Payment on the purchase of prescribed medicines. The market has presence of high number of unorganized pharmacy stores. Chain pharmacies are looking for store expansion and have started acquiring and merging with regional pharmacies. The increase in the ageing population and negative population growth will lead to the development of the market in future. Taiwan Pharmacy Retail Market is expected to grow at a CAGR of 1.5% on the basis of revenue during the forecast period of 2019-2025.
Keywords:-
Taiwan Pharmacy Retail Market
Taiwan Pharmacy Retail Industry
Taiwan Pharmacy Retail Market Revenue
Taiwan Pharmacy Retail Market Major Players
Taiwan Pharmacy Retail Market Future Outlook
Covid-19 Impact Taiwan Pharmacy Retail Industry
Covid-19 Impact Taiwan Pharmacy Retail Market
Taiwan Online Pharmacy Retail Market
Taiwan Internet Medicine Market
Taiwan Prescribed Medicine Retail Market
Taiwan Dispensary Retail Market
Taiwan NHI Pharmacy Market
Taiwan Medicine Retail Market
Taiwan Patented Drug Market
Taiwan Generic Drug Market
Taiwan Branded Generics Market
Health Statistics in Taiwan
Heath Insurance Scenario in Taiwan
Taiwan Cardiovascular Market
Taiwan Pain/Analgesics Market
Taiwan Anti Diabetic Market
Taiwan Vitamins Market
Taiwan Minerals Market
Taiwan Nutrients Market
Taiwan Dermatology Market
Taiwan Respiratory Market
Taiwan Gastro Intestinal Market
Taiwan Neuro Market Size
Taiwan Oncological Market
Taiwan Gynecological Market
Taiwan Ophthalmological Market
Taiwan Pharmaceutical Manufacturer Companies
Taiwan Pharmaceutical Importing Companies
Taiwan Pharmaceutical Distributing Companies
Taiwan E-Commerce Pharmaceutical Retailers Market
Taiwan Non Pharmaceutical Products Market Sales
Taiwan Medical Equipment Market Sales
Taiwan Prescribed Medicines Market Sales
Taiwan OTC Products Market Sales
Taiwan Telemedicine Market
Taiwan Major Medicine Sellers
Taiwan Organized Pharmacies Market
Taiwan Unorganized Pharmacies Market
Taiwan Standalone Pharmacies Market
Taiwan Independent Pharmacies Market
Taipei Division Pharmacy Retail Market
Northern Division Pharmacy Retail Market
Central Division Pharmacy Retail Market
Southern Division Pharmacy Retail Market
Eastern Division Pharmacy Retail Market
KaoPing Division Pharmacy Retail Market
Taiwan Western Medicine Retail Market
Taiwan Chinese Medicine Retail Market
Taiwan National Health Insurance Coverage
Major Telemedicine Companies Taiwan
Key Segments Covered:-
By Market Structure (In USD Million)
Organized Market
Unorganized Market
By Region (In USD Million)
Taipei Division
Northern Division
Central Division
Southern Division
KaoPing Division
Eastern Division
By Type of Sales (In USD Million)
Prescribed Medicines
OTC Products
Non Pharmaceutical Products
Medical Equipment
By Type of Drug (In USD Million)
Generic
Patented
By Therapeutic Class (In USD Million)
Cardiovascular
Anti-Infective
Pain/Analgesics
Anti Diabetic
Vitamins/Minerals /Nutrients
Dermatology
Respiratory
Gastro Intestinal
Neuro
Oncological
Gynecological
Ophthalmological
Others
Companies Covered:-
The Great Tree Pharmacy
MedFirst Taiwan
TinTin Drugstores
Woodpecker Pharmacy
YourChance Pharmacy
Yes Chain Pharmacy
JPMed
Tomods
Matsumoto Kiyoshi
Boden Pharmacy
Key Target Audience:-
Pharmaceutical Manufacturer Companies
Pharmaceutical Importing Companies
Pharmaceutical Distributing Companies
Major Retail Companies
E-Commerce Pharmaceutical Retailers
Consultancy Companies
Industry Associations
Government and Regulation Bodies
Time Period Captured in the Report:-
Historical Period: 2014-2019
Forecast Period: 2020-2025
Related Reports:-
https://www.kenresearch.com/healthcare/pharmaceuticals/philippines-pharmacy-retail-market-outlook-to-2025/353093-91.html
https://www.kenresearch.com/healthcare/pharmaceuticals/malaysia-pharmacy-retail-market-outlook-to-2025/353094-91.html
https://www.kenresearch.com/healthcare/pharmaceuticals/india-e-pharmacy-competition-benchmarking/345912-91.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. Ken Research provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving over 70% of fortune 500 companies globally, some of top consulting companies and Market leaders seek Ken Research’s intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Increasing Coverage of the National Health Insurance and Hike in the Demand of Cosmetics, Baby and Maternal Care Products had led to Growth in the Taiwan Pharmacy Retail Market: Ken Research here
News-ID: 2206403 • Views: …
More Releases from Ken Research Pvt Ltd
Increase in cybercrime results in India Digital Forensic Market to rise, with an …
With the rise in digital threats and cybercrimes, India Digital Forensic Market makes successive changes like integration of Artificial Intelligence, and marking its overall growth.
STORY OUTLINE
Using techniques like Data Recovery, Log Analysis and more, India Digital Forensic Market enhances its Computer Forensics.
Upgrades towards Network and Mobile Forensics are improving in cyber threats prevention, marking its increase in efficiency and security.
With the incorporation of Cloud Based services, advanced methods and easy…
Global Health Insurance market is expected to grow at a CAGR of ~6% by 2028: Ken …
Due to recent pandemic of Covid 19 health insurance market has grabbed growth ensuring economic help to comman man for better health care facilities with easy money handling and increasing awareness especially after COVID 19.
STORY OUTLINE
Launch of new policies, mergers, acquisitions and partnerships to propel growth in future
Covid 19 has a huge impact on the health insurance market on Global level.
Factors, which are responsible for the growth, are the higher…
Exploring the Investment Landscape in the UK Agricultural Equipment Market
Anticipated to achieve a CAGR of approximately 3.5% (2022-2027), the UK's agricultural equipment market expanded between 2014 and 2018, yet faced a significant downturn in 2019-2020 due to COVID-19.
STORY OUTLINE
The investment landscape in the UK agricultural equipment market is diverse, offering a spectrum of opportunities from established manufacturers to startups driving disruptive change.
Investors can benefit from the technological prowess of leading manufacturers like John Deere, CNH Industrial, and AGCO Corporation…
Unveiling the Thriving Landscape of UAE's IT Service Market
The IT services sector encompasses a diverse range of offerings, including but not limited to Cloud services, Cloud Applications, Datacenters, Artificial Intelligence (AI), Consulting Services, Connectivity Solutions, Security services, and other related services.
STORY OUTLINE
Digital Transformation Drive: UAE's IT market thrives on visionary government initiatives like "Smart Dubai" and "UAE Vision 2021," spurring sectoral evolution.
Cloud's Ascendancy: Rapid cloud adoption, coupled with AI, IoT, and blockchain, reshapes industries for scalability and innovation.
Security…
More Releases for Taiwan
Baseband Processor Packaging Market Research Report 2025 | Global Key Player -AS …
This research report titled “Global Baseband Processor Packaging Market” Size, Status and Forecast 2019-2025 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Baseband Processor Packaging Market during the period between 2019 and 2025. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities…
The Baby Food Sector in Taiwan Market Overview 2018: Manufacturers:-Nestl Taiwan …
Market Research Hub (MRH) has actively included a new research study titled “The Baby Food Sector” in Taiwan, 2018 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the forecast period. In addition, a deep analysis…
The Baby Food Sector in Taiwan 2018 | Nestlé Taiwan Ltd, Standard Foods Corpora …
The Baby Food Sector in Taiwan 2018
"The Baby Food Sector in Taiwan, 2018", is an analytical report by Publisher which provides extensive and highly detailed current and future market trends in the Taiwan market.
Western foods are now commonly found on supermarket shelves, and imported foods account for the majority of baby food brands in Taiwan. Although many mothers feed their babies home-made food, demand for commercially prepared baby foods is…
TSMC (Taiwan) Samsung (South Korea) ASE Group (Taiwan) Amkor Technology (U …
Global 2.5D IC Flip Chip Product Market
WiseGuyRerports.com Presents “Global 2.5D IC Flip Chip Product Market Research Report 2019” New Document to its Studies Database. The Report Contain 118 Pages With Detailed Analysis.
Description
This report studies the global 2.5D IC Flip Chip Product market status and forecast, categorizes the global 2.5D IC Flip Chip Product market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top…
White Box Servers 2017 Global and Japan Market Key Players– Quanta Computer (T …
White Box Servers Market 2017
The global White Box Servers market is valued at XX million USD in 2016 and is expected to reach XX million USD by the end of 2017, growing at a CAGR of XX% between 2016 and 2022.
Japan plays an important role in global market, with market size of xx million USD in 2016 and will be xx million USD in 2017, with a CAGR of xx%.
This…
Tagen in Taiwan - Taiwan präsentierte sich auf der IMEX als MICE-Reiseziel
Incentives, Meetings und Events standen im Mittelpunkt der IMEX 2017 in Frankfurt vom 16. bis 18. Mai 2017. Das Taiwan Tourism Bureau und MEET TAIWAN vom Büro für Außenhandel führten zusammen mit den Städten Taipeh und Kaohsiung eine starke Delegation von MICE-Anbietern an. Um Taiwans Attraktivität für Geschäftsreisende und für MICE Reisen aus dem Ausland zu fördern, werden verschiedene Anreize, abhängig von der Gruppengröße und der Art der Veranstaltung, angeboten.…
