Subtitles section Play video Print subtitles <<silent>> <<music>> <<music>> <<Music>> <<music>> <<music>> <<music>> <<music>> <<music>> <<silent>> My name is Wendy Tien and I cover the Healthcare Sector, the healthcare sector including medical devices, pharmaceuticals, nutritional supplements, cosmetics and natural products. Taiwan offers excellent opportunities for American suppliers in the healthcare sector. Most high end products are imported from the United States and the market continues to grow. There are three factors forcing the market, healthcare market to grow. First it is a wealthy society. People are increasingly able to afford medical service and high quality imported products, leading to increased healthcare spending. Secondly, has to do with the use of nutritional supplements. More than a quarter of the people in Taiwan take daily vitamins and nutritional supplements. Annual consumption of nutritional supplements averages three billion dollars. The popularity of natural chemical free organic items continues to increase. Lastly, since 1993, Taiwan has increasingly become an aging society. About ten percent of the local population in Taiwan is 65 years old or older. And this percentage is expected to reach 14 percent by 2017. And many of these people suffer from chronic disorders and they need treatment. Demand for dental implements and plastic surgeries is also very strong. To connect U.S. suppliers and Taiwanese importers, I am, I will be leading a delegation to Natural West in March in Anaheim, California. This is an opportunity for U.S. companies to promote their product line to interested buyers. Also, we are organizing a U.S. pavilion during the Taiwan Healtcare Trade Show in summer, which will take place in Taipei. We encourage American companies to participate in this show. For more information about delegation to the show or opportunities in the healthcare market, please contact me. Thank you for your time, and I look forward to hearing from you soon. Thank you!