Medical Industry
Medical technology opportunity focuses on Asia The market for medical technology innovations is healthily supported by Asia’s demand for quality and affordable medical products and services, against the backdrop of an expanding middle class, and for some, the beginnings of a greying population, longer life expectancy and rising affluence.
Opportunity on the floor: Medical Manufacturing The medical technology (medtech) market is important for Asia Pacific, the home base to 51% of the world’s population. Access to the newest advances in this sector will help the region to avail of the quality healthcare and medical products and services it needs. Returning for its third edition, the biennial Medical Manufacturing Asia (MMA) 2016, IS Co-located with Medical Fair Asia (MFA) 2016 – a leading medical and healthcare exhibition in Southeast Asia with a focus on the equipment and supplies for the hospital, diagnostic, pharmaceutical, medical and rehabilitation sectors Its upcoming run will be held from 31 August to 2 September at the The Sands Expo & Convention Centre (Marina Bay Sands, Singapore). Jointly organised by Singapore Precision Engineering and Technology Association (SPETA) and Messe Düsseldorf Asia, the trade event is modelled after the No. 1 global trade fair in the medtech sector, COMPAMED. It 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.
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JUNE / JULY 2016
As well, specialised organisations like Germany-based IVAM Microtechnology Network, will be in the house to represent and promote its groups’ endeavours and support company members. IVAM is an international association of companies and institutes in the field of microtechnology, nano-technology, advanced materials and optics and photonics. According to Dr Thomas Roland Dietrich, Chief Executive Officer of IVAM, “Within ASEAN there are numerous opportunity gaps to be filled in meeting the healthcare needs of its increasing population. Government-led investment programmes are channels to tap on for ASEAN nations to match up to European standards.” 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.” 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. Asian manufacturers to present technologies Meanwhile, medical technology manufacturers from Asia, the US, Europe and other countries will be showcasing at MMA what they can offer to the Asian markets. Singapore-headquartered Nanofilm Technologies has focused on high quality vacuum coating applications since its establishment in 1999. It uses patented FCVA (Filtered Cathodic Vacuum Arc) technology as its core competitive application. Nanoflim has applied the technology in vacuum coating equipment manufacturing and