Medical Fair Asia Will be 50-percent Bigger in Singapore Next Year
December 18, 2011
In 2012, the 9th edition of Medical Fair Asia, International Exhibition on Hospital, Diagnostic, Pharmaceutical, Medical & Rehabilitation Equipment & Supplies will return Sept. 12-14 to Suntec in Singapore with a 50-percent larger trade show floor.
Messe Duesseldorf Asia, the show’s organizer, predicts there will be approximately 500 exhibitors presenting the latest products for the medical sector.
“The continually increasing participation and attendance at Medical Fair Asia with record numbers at the last staging in 2010, coupled with the booming medical and health care industry in Asia, is a clear indication of the growing need for a trade fair specifically dedicated to Asia’s medical and health care sectors,” said Gernot Ringling, managing director of Messe Düsseldorf Asia.
He added, “It is also evidence of the exhibition’s role and position as a meeting place for all medical and health care professionals in Asia and beyond.”
The show’s growth is from what Messe Duesseldorf Asia show officials call a “booming” market in the Asia-Pacific region.
The growth in the medical and health care sector, particularly in medical devices and equipment, is because of the ever-increasing awareness and benefits of quality healthcare, upward trend of medical tourism, rising aging population, higher life expectancy and economic development.
The demand for improved medical and health care products and services is expected to cause the growth of a global market for medical equipment and supplies, currently valued at U.S. $273 billion.
In addition, Southeast Asia records the highest private health expenditure of any region in the world, at 63.1 percent of total health expenditures, which also is driving growth.
The Medical Fair Asia show will present an international line-up of leading medical and health care players from around the world, focusing on equipment and supplies for the hospital, diagnostic, pharmaceutical, medical and rehabilitation sectors.
The show also will feature country group exhibits from Austria, China, France, Germany, Japan, Malaysia, Singapore, South Korea and Taiwan.
About 10,000 trade visitors from across ASEAN and the Asia-Pacific region are expected to attend as well, according to show officials.
New this year will be Medical Manufacturing Asia, The Manufacturing Processes for Medical Technology Exhibition, running concurrently with Medical Fair Asia to serve the medical technology segment.
The new show will be jointly organized by Messe Duesseldorf Asia and the Singapore Precision Engineering & Tooling Association. The Asia-Pacific medical device market is expected to account for 25 percent of global market share and reach US $62.3 billion in revenue by 2012, according to show officials.
Partner Voices
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.
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