Singapore: A Growing Medical Marketplace Lands a New Show

March 25, 2012

To meet the needs of Asia’s rapidly growing medical technology manufacturing industry, Messe Dusseldorf Asia and the Singapore Precision Engineering & Tooling Association have joined forces to launch MEDICAL MANUFACTURING ASIA, scheduled Sept. 12-14 at the Suntec Singapore International Convention & Exhibition Centre. The inaugural biennial event is expected to attract approximately 150 exhibitors from more than 20 countries, as well as 5,000 attendees from across Asia and abroad, according to show officials.

Held concurrently with MEDICAL FAIR ASIA 2012 and OS+H Asia 2012, MEDICAL MANUFACTURING ASIA will showcase components, materials and solutions of the medical engineering industry process chain. Exhibit product categories will include components for medical technology; materials and substance; micro and nano-technology; production and manufacturing and testing.

According to Gernot Ringling, managing director of Messe Düsseldorf Asia, the show’s launch comes at a time when Singapore continues its ascent as one of Asia’s fastest-growing medical device markets.

“These positive market developments, coupled with Singapore’s strategic location, close proximity to key growth markets, access to a skilled workforce and strong government partnerships, have translated into an increasing demand for a specialized trade exhibition to serve the needs of Singapore’s industry and beyond,” Ringling said.

He added, “through MEDICAL MANUFACTURING ASIA, we hope to facilitate industry growth and procurement needs, create business opportunities and promote knowledge exchange for all involved in the medical technology manufacturing industry in Singapore and the region.”

The event also will include MEDICAL MANUFACTURING ASIA Conference 2012, a two-day educational conference organized by SPETA that is expected to bring together key medical technology manufacturers, suppliers, regulators and researchers and provide participants with insights into medical device manufacturing trends and developments.

In addition, the event also will include a medical technology electronics and precision engineering business matching event, GATE 12 – Medical Technology. Jointly organized by IE Singapore and SPETA, this buyer-centric platform is intended to match up medical technology buyers with pre-qualified suppliers.

As Singapore continues to established itself as a leading location for medical technology companies to design, test, manufacture and launch innovative products, it only makes sense to launch a trade show and conference dedicated to this surging marketplace, according to SC Koh, SPETA executive director.

“MEDICAL MANUFACTURING ASIA 2012 is timely as the Asia Pacific medical device market is experiencing unprecedented growth and is estimated to account for 25 percent of global market share and reach $62.3 billion in revenue by 2012,” Koh said.

He added, “MEDICAL MANUFACTURING ASIA aims to raise industry standards by connecting market players such as manufacturers, suppliers, systems partners, researchers, engineers and technical buyers. This is in accordance with the association’s vision to develop Singapore into a global precision engineering center.”

Messe Düsseldorf Asia is a subsidiary of Messe Düsseldorf in Germany, which produces COMPAMED, a leading international trade fair for the medical manufacturing industry held annually in Düsseldorf. 

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.