Medical technology market in Singapore

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As Asia’s leading location for medical technology, Singapore is home to over 30 medical technology companies which have set up commercial-scale plants to produce medical devices for the regional and global markets. In addition, all of the top 10 medical technology companies have their regional headquarters in Singapore, from which to drive business expansion in Asia. Global leaders that have set up manufacturing, R&D and headquarter functions in Singapore include AB SCIEX, Baxter International, Becton Dickinson, BIOTRONIK, Hoya Surgical Optics, Life Technologies, Medtronic and Siemens Medical Instruments.

Part of Singapore’s burgeoning biomedical sciences sector, the medical technology industry almost tripled its manufacturing output from S$1.5 billion in the year 2000 to about S$4.3 billion in the year 2011. Over the same period, its manpower base more than doubled from about 4,000 to 9,000. By the year 2015, the medical technology sector targets to achieve S$5 billion in manufacturing output.

Thanks to Singapore’s quest for encouraging the development of innovative medical technology products, several successful endeavors that have since taken off. In collaboration with software giant Hewlett Packard, Singapore-based Company, Healthstats has produced a wireless monitoring device to facilitate the monitoring of blood pressure by patients and doctors.

Another leader of the market, Doctor Management software changes the way healthcare centers operate. With the help of this clinic management software, the medical professionals can automate various day-to-day administrative and management tasks of their medical offices. Keeping a constant track of aspects such as drugs and inventory, patients’ appointments and scheduling, prescriptions etc.

We are helping now a new player to enter the Singapore market. This company based in the Middle East will certainly will gain a consequent share of the market.