We Are At Medical Manufacturing Asia 2016!On August 31, 2016, in Article

Following a successful staging in 2014, MEDICAL MANUFACTURING ASIA 2016 returns for its 3rd edition as the region’s leading specialist trade fair for Asia’s medtech and medical manufacturing processes sectors – held from 31 August to 2 September 2016 at a new venue, the Marina Bay Sands Singapore.

  

Date 31 Aug - 2 Sep 2016 
(Wednesday - Friday)
Venue Marina Bay Sands, Singapore
Hall E, Sands Expo® and Convention Centre
Opening Hours 31 Aug - 1 Sep: 10am to 6pm

 

Jointly organised by SPETA (Singapore Precision Engineering and Technology Association) and Messe Düsseldorf Asia, MEDICAL MANUFACTURING ASIA 2016 will feature the latest advances and an extensive 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. The established exhibition is also well-set to provide an ideal business platform for trade visitors to network with like-minded industry players and a central gateway to the flourishing medical technology and manufacturing processes sectors of the region.

Modelled after the world's leading international trade fair for suppliers of the medical manufacturing industry, COMPAMED – organized by Messe Duesseldorf GmbH, MEDICAL MANUFACTURING ASIA 2016 is co-located with MEDICAL FAIR ASIA 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.

Why Asia? 

Southeast Asia: Region on the Rise for Medical Technology

MEDICAL MANUFACTURING ASIA 2016 comes at a time when the trade of medical devices is on the boom. This is largely driven by a rapidly expanding middle class and, for some, the beginnings of a greying population. Currently, there are approximately 320 million (8%) people in Asia Pacific ages 65 or older and this number is expected to grow to approximately 600 million (12%) by 2032.

Coupled with longer life expectancy and rising affluence in Asia, this presents companies with immense opportunities to expand the reach of their products and business networks in the region.

Growth in Southeast Asia’s medical technology industry

  • The medical device market in ASEAN countries is said to double from US$4.6 billion in 2013 to US$9 billion by 2019. 
  • Three ASEAN countries – Malaysia, Indonesia, and Thailand – account for approximately 65% of the current medical device market among the 10 member countries.

Demand for affordable medical devices on the rise

  • Affordable medical devices – cardiac devices in particular – is in demand in Asia. According to consulting firm Pacific Bridge Medical, a consulting firm that works with medical companies doing business in Asia, by 2021, Asia’s share of the global cardiovascular device market is expected to increase from 30 percent to 40 percent.
  • Physiological and regulatory differences, as well as differences in the level of training of Asian physicians mean that there is a growing need for affordable cardiac devices tailored for the Asian market.

Establishment of a regional medical device directive

  • According to an ASEANBriefing article, a mature regulatory framework for medical devices is in the works for ASEAN member countries. In particular, a regional medical device directive as of January 2015, aims to harmonise regulations across the 10 countries via legally nonbinding stipulations. This initiative is in line with ASEAN's goal to liberalise trade and investment in the healthcare sector in reaching out to regional market of more than 600 million people.
Malaysia and Indonesia
Malaysia and Indonesia, which are rich in rubber, lead global production in latex products such as surgical gloves and syringes. Malaysian exports in diagnostic imaging have expanded in recent years, according to research by Espicom, which estimates the country is likely to see compound annual growth of 16.1% to 2018, with growth for consumables as high as 24.8%
Singapore

Singapore, the region's medical and technological hub, has a thriving biomedical research and development industry, and a competitive advantage in advanced manufacturing. It is home to the manufacturing operations of more than 30 medical technology firms.

Thailand

Thailand has a relatively robust medical device market, worth approximately $1 billion and growing 15% annually, according to President of Pacific Bridge Medical.

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Company Profile

Established since 1993, TEC Innovative’s core business lies in serving the plastic & metal industries. Throughout the years, we have established a network of close partnership throughout Asia so that we can provide our customers fast turnaround time and strong support.

Besides producing mould bases & hot halves, TEC also provides precision polishing for the electronics, automotive, packaging, medical & home appliances plastic industry.

In addition, TEC is also the representative of a pioneer German hot runner system, EWIKON, in Southeast Asia.

We design and manufacture all our mould bases and hot halves and incorporate the EWIKON hot runner system as a complete solution for our customers. This comprehensive solution helps customer reduce lead time, manpower and communication costs.

 SINGAPORE PREMIUM PARTNERS