According to the World Health Organization (WHO), Singapore’s healthcare system ranks 6th globally and offers the 4th best healthcare infrastructure in the world. It also serves as the healthcare and medical hub of the region.
Singapore has a rapidly ageing population, and this will translate to a greater demand for specialized elderly care.
The government spends approximately 4.5% of GDP annually on healthcare and long-term plans are in place to raise this to 8% of GDP. The government’s projected healthcare spending is expected to rise to US$ 9.6 billion per year by 2020.
Singapore represents a strong market for introducing more advanced mobile health and telehealth services as local consumers are very receptive to innovative products, and smart hospitals are becoming the standard.
EU Gateway | Business Avenues is an EU funded programme that helps European companies establish long-lasting business relationships in Asia. Selected companies participate in a one week business mission, where they benefit from pre-arranged meetings with potential business partners, and the opportunity to showcase their products and technologies during a two-day exhibition. Before the business mission takes place, companies receive market intelligence, advice on approaching the market, and business coaching.
From 27-31 August 2018, EU Gateway | Business Avenues takes selected companies to Philippines and Singapore for a EU-funded business mission on Healthcare & Medical Technologies. If your company meets the eligibility criteria, apply online by 11 May 2018.