Singapore-based MEDICAL FAIR ASIA on Track for More Growth in September
The next staging of MEDICAL FAIR ASIA, International Exhibition on Hospital, Diagnostic, Pharmaceutical, Medical & Rehabilitation Equipment & Supplies, will take place Sept. 9-11at the Suntec Singapore International Convention & Exhibition Center.
Modeled after the sector's No. 1 global medical trade fair – MEDICA - organized annually by Messe Düsseldorf in Germany, MEDICAL FAIR ASIA is organized by its subsidiary Messe Düsseldorf Asia.
Over the years, MEDICA FAIR ASIA has become Asia's leading and most established trade fair focused on equipment and supplies for the hospital, diagnostic, pharmaceutical, medical and rehabilitation sectors.
When last held in 2012, MEDICA FAIR ASIA attracted 528 international and regional exhibitors from 31 countries and 8,821 professional visitors.
A significant number of the visitors came from Indonesia, Malaysia, Thailand, Philippines and Vietnam. Compared with the event’s staging in 2010, visitor numbers grew by 25 percent, of which 35 percent were from overseas.
MEDICAL MANUFACTURING ASIA, The Manufacturing Processes for Medical Technology Exhibition, will again be held concurrently with MEDICAL FAIR ASIA 2014.
This exhibition will be jointly organized by Messe Düsseldorf Asia and the Singapore Precision Engineering & Tooling Association (SPETA).
MEDICAL MANUFACTURING ASIA 2014 will feature new materials, components, intermediate products, packaging and services as well as micro and nanotechnology. Together, the two trade fairs will offer a comprehensive range of technology and service solutions from the upstream and downstream medical sectors.
MEDICAL FAIR ASIA and MEDICAL MANUFACTURING ASIA 2014 come at a time when Singapore expects to increase its healthcare spending by 6 percent annually to reach $ 12.6 billion by 2015, making Singapore an ideal location for specialized trade fairs, according to show officials.
Overall, the future for the medical industry in Asia is promising, they added, with the stimuli for industry growth geared mainly towards greater investment in private sector delivery, public-private partnerships and investments in the medical devices industry.
According to Frost & Sullivan, by 2015, Asia Pacific's healthcare market is expected to reach close to 33 percent of the global healthcare market and an estimated value of about $521 billion - with trends in the medical device industry mainly centered on imaging, cardiovascular and healthcare IT. A key driver for the Southeast Asian region is the impending liberalization of the services sector by 2015 under the ASEAN agreement.