The demand for accessible healthcare is increasing in the ASEAN region, due to high population growth rates and epidemiological trends, indicating higher prevalence of chronic diseases and cardiovascular diseases. Healthcare companies producing medical devices such as prosthetics and diagnostics tools can benefit from increasing demand for medical devices in the ASEAN market.
Healthcare expenditure in Singapore is expected to grow to nearly EUR 37 billion by 2030, and with an ageing population, the country will need innovative assistive medical technologies.
Key business opportunities in Singapore exist in the following fields: diagnostics, functional ageing, obesity and chronic diseases.
The Philippine government is focused on improving healthcare access and affordability by expanding Universal Healthcare coverage from 91% to 100% by 2020.
In the Philippines, European companies can find opportunities in: healthcare infrastructure, diagnostics, telemedicine and remote health, medical tourism.
European companies looking to export their innovative Healthcare & Medical technologies are invited to apply before 11 May to the EU-funded mission to Singapore and Philippines, taking place from 28 August to 4 September 2018.