Medical equipment, medical diagnostics, and hospital equipment key business opportunities in Indonesia and Singapore | EU Gateway | Business Avenues

Medical equipment, medical diagnostics, and hospital equipment key business opportunities in Indonesia and Singapore

South East Asia’s fast economic development and rapidly ageing population have created a need for innovative healthcare and medical solutions.  

In Singapore, companies involved in medical diagnostics can leverage on the ASEAN Diagnostics Development Initiative, which aims to facilitate the co-development of healthcare diagnostics across ASEAN, and promote cross-border public and private partnerships in diagnostic technologies.

Companies who develop hospital equipment and furniture will benefit from a major redevelopment of Singapore General Hospital, as well as the construction of 5 new public hospitals and 12 new polyclinics by 2030.

Additionally, the number of private hospitals in Indonesia has grown by 50% per year from 2012-2018, resulting in a shortage of medical equipment. The Indonesian market remains dependent on imports due to limited domestic production.

Obesity-related and chronic diseases are an issue in both countries: solutions to manage growing incidences of hypertension and diabetes are essential.

The 2020 EU Gateway | Business Avenues mission on Healthcare & Medical Technologies to South East Asia is scheduled from 6 to 11 September 2020.

50 innovative European companies will be selected to exhibit their technologies and products, meet new business partners and customers, all under the umbrella of the EU.

Eligible European companies can apply online until 30 April 2020.

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