SEMICON Taiwan 2021 virtual seminar on smart healthcare to kick off Oct. 13
2021/10/12 | By EDNSEMI is slated to host the SEMICON Taiwan 2021 on Oct. 13, with a focus on smart healthcare. Notable speakers from Medtronic, and onsemi, a globally-renowned medical device company that was featured two consecutive years on Fortune, and three Taiwanese smart healthcare startups JelloX Biotech, Singular Wings, and Neurobit. Topics will revolve around the market and technologies trends in the global and Taiwanese smart healthcare field and feature strategy cases of multinational industries investing in smart healthcare.
SEMI states that with the fast development of big data and AI, the concept of smart healthcare had emerged from focusing on diagnosis to expand into preventive medicine, and early healthcare, indicating how the precision medicine model will soon become the new blue ocean of the healthcare industry.
With the advanced manufacturing of semiconductors and chips, many multinational companies have already sought to incorporate semiconductor chips and telecommunication technologies into the medical healthcare field. The development of inspection chips, vitals sensor chips, wearable devices are regarded as concrete examples of the collaboration between semiconductor and biotech industries, accelerating the smart applications in healthcare.
According to Medtronic's statistics, semiconductor applications in smart healthcare will present a 10.2% CAGR from 2021 to 2026. At least USD$5.8 billion sales in 2020's healthcare point-of-sales came from semiconductor chips.
SEMI Taiwan President Terry Tsao said that with the changes in population structure becoming the prominent social challenge and COVID-19 pandemic, digitalization applications such as smart and precision healthcare will become inevitable.
Tsao pointed out that Taiwan is in a unique position in the digitalization of the medical healthcare industry, as the island houses the world's electronics and advanced semiconductor production.
