Singapore-based MEDICAL FAIR ASIA on Track for More Growth in September

March 24, 2014

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.

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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.