Medical technology receives shot in the arm

摘要

Speakers at the inaugural MEDTEC Southeast Asia exhibition and conference, held in Singapore from 1-2 December, spoke about the growth of the medical technology sector in the region and new plastics technologies. OEMs expand footprint in Asia The keynote presenter at the conference, Beh Kian Teik, Director of the Biomedical Sciences Group at Singapore's Economic Development Board (EDB) said that the growth of the medical devices market is driven by leading OEMs who have set up operations in Singapore, Malaysia and Vietnam. "The medical technology sector in Singapore was valued at S$1.5 billion in 2000 and in 2009 had doubled to S$3 billion," he added. "As this growth continues, suppliers can be confident that the influx of new device manufacturers into Southeast Asia will continue to provide new business opportunities," he said.