Returning for its third edition, the biennial MEDICAL MANUFACTURING ASIA 2016, jointly organised by SPETA (Singapore Precision Engineering and Technology Association) and Messe Düsseldorf Asia, and modelled after the No. 1 global trade fair in the MedTech sector, COMPAMED, will be staged at The Sands Expo & Convention Centre (Marina Bay Sands, Singapore) from 31 August to 2 September 2016.
Southeast Asia: Region on the Rise for the MedTech Industry Asia–Pacific region accounts for half of the world’s population. In recent times, there has been an increasing need for better access to modern MedTech in tandem with the growing demand for healthcare due to demographic shifts in income, population, disease burdens, and general awareness of health issues.
Supported by topical findings by McKinsey & Company, the prevalent demand for Medical Technology in Asia–Pacific is in proportion to the region’s growing silver population which will top 857 million come 2050. According to Medical Device and Diagnostic Industry, the trend is reflected in receipts as the MedTech market in Asia-Pacific is expected to reach US$133 billion by 2020, outstripping the European Union as the second-largest MedTech market in the world.
Echoed by Dr. Thomas Roland Dietrich, Chief Executive Officer of the IVAM Microtechnology Network, he shared that within ASEAN, there are numerous opportunity gaps to be filled in meeting the healthcare needs of its increasing population. Government-led investment programs are channels to tap on for ASEAN nations to match up to European standards. Dr. Thomas also commented that, “the global move towards mobile diagnostics is important for ASEAN countries too, as it means heightened market potential for local and foreign MedTech companies looking to venture into the region.”
Well aligning to the trends of Asia’s budding MedTech sector, the industrydefining MEDICAL MANUFACTURING ASIA (MMA) 2016 will showcase an
expansive range of products covering the upstream and downstream processes in MedTech sectors, including new materials, components, intermediate products, packaging and services, to micro and nanotechnology, testing systems and services, as well as materials, substance and components for medical technology, presented by over 200 established exhibitors from across the world.
The exhibition’s multifaceted line-up, tailored for the industry, will also feature a complimentary pre-event business matching service that would make face-to-face connections with some 7,000 industry specialists expected at the exhibition more targeted, as well as a concurrently held MEDTech Business Forum. Co-organised by Singapore Institute of Manufacturing Technology (SIMTech) and Messe Düsseldorf Asia, this forum will review trends in the Asian, European and American MedTech markets; examine how future needs can be addressed; and cover the pivotal roles that industry associations play in addressing the changing landscape.
Co-located with MEDICAL FAIR ASIA (MFA) 2016 – the No. 1 medical and healthcare exhibition in Southeast Asia with a focus on the equipment and supplies for the hospital, diagnostic, pharmaceutical, medical and rehabilitation sectors, MEDICAL MANUFACTURING ASIA 2016 is well set to be the regional gateway and an ideal business platform for exhibitors, buyers and visitors to source, exchange expertise and establish knowledge links, in capturing a bigger market share in the flourishing healthcare and MedTech industries.
Exhibition spaces are filling fast. For more information on MMA 2016, please visit www.medmanufacturing-asia.com. For more information on MFA 2016, please visit http://www.medicalfair-asia.com/
Fulvia Wong / Liliane Lye
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