SINGAPORE Brief Market Report on Biomedical, In Vitro Diagnostic, Medical Services and Equipment, Telemedicine Sectors in Singapore APRIL 2014 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 Content Page Subject Page 1. Market Overview of Biomedical Sector in Singapore 3 2. Singapore Government Support and Initiatives to Develop the Biomedical Sector in Singapore 5 a) Building of Key Plug-And-Play Infrastructure to support the Development of the Biomedical Sector in Singapore 6 b) Industry Ready Workforce for the Biomedical Sector in Singapore 7 3. In Vitro Diagnostic 8 4. Medical Services and Equipment 9 5. Telemedicine 10 6. Biomedical Research Institutes to enhance the BioMedical Research and Development (R&D) in Singapore 11 7. Upcoming Exhibitions for In Vitro Diagnostic, Medical Services and Equipment Sectors in Singapore 15 8. Future Forecast of the Biomedical Sector in Singapore 16 9. Relevant Contacts for the Biomedical Sector in Singapore 18 10. Bibliography 19 2 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 1. Market Overview of Biomedical Sector in Singapore In 2011, Singapore’s medical technology sector contributed about S$4.3 billion in output and about 9,000 jobs. Part of Singapore’s burgeoning biomedical sciences sector, the medical technology industry almost tripled its manufacturing output from S$1.5 billion in the year 2000 to about S$4.3 billion in the year 2011. Over the same period, its manpower base more than doubled from about 4,000 to 9,000. By the year 2015, the medical technology sector targets to achieve S$5 billion in manufacturing output. Riding the trend towards increased medical technology innovation in Asia to harness the region’s opportunities, 30 global medical technology companies including Biosensors, Becton Dickinson, Alcon and Hill-Rom—as well as local start-ups like HealthSTATS and Veredus Laboratories—currently carry out Research and Development (R&D) in areas such as technology and product development in Singapore. Dedicated infrastructure such as the Medtech Hub, Biopolis and Tuas Biomedical Park provide a plug-and-play environment for the bio-cluster community. In addition, medical technology companies are able to tap on innovative ideas from partnerships with publicsector researchers and clinicians, advanced technologies provided by global industry leaders and test-bedding infrastructure in hospitals. Key factors that attract these medical technology companies to Singapore include the support of an established electronics and precision engineering industry, availability of contract manufacturing services, reverse logistics services and sterilisation services as well as excellent integrated and value-added logistics services. Singapore offers key engineering capabilities that enable medical technology companies to engage in product re-engineering and scale up their manufacturing operations. The strong base of high-quality, ISO13485-certified suppliers in Singapore’s medical technology sector has extensive experience in working with medical technology MNCs, adhering to strict standards of IP protection and regulatory requirements stipulated by US FDA and European EMEA. Their capabilities include electronic product conception, manufacturing and supply chain management; plastic components moulding; metal forming and casting; ceramics; surface treatment; as well as cleansing, packaging and sterilisation. 3 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 Singapore has also taken further steps to enhance R&D efforts by bringing in researchers to conduct extensive fieldwork, with the city now home to more than 6,000 researchers from across the globe. Mr Yoh-Chie Lu (Executive Chairman, Biosensors) and Dr. Eitan Konstantino (President & CEO, TriReme Medical, Founder of Quattro Vascular) are amongst the scientific leaders and entrepreneurs who have moved to Singapore to head the city-state’s research institutes, consortia and laboratories, as well as build up a sustainable start-up and venture ecosystem. As a microcosm of Asia, Singapore provides an ideal base for companies to develop new technologies and product innovations, test-bed new solutions and systems for the regional and global market, as well as to nurture the growth of R&D and commercialisation activities. 4 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 2. Singapore Government Support and Initiatives to Develop the Biomedical Sector in Singapore • To facilitate and enhance partnerships between original equipment manufacturers (OEMs) and suppliers, Singapore has established a number of platforms to ensure that suppliers’ capabilities evolve to meet the needs of the industry which include: 1. EDB’s Partnerships for Capability Transformation (PACT) — which subsumed the Local Industries Upgrading Programme — was initiated in 2010 to develop their competencies of locally based OEMs and suppliers to meet manufacturing quality and certification requirements. The Singapore Government committed S$250 million over a five-year period to help defray part of the qualifying expenses for such partnerships. 2. Medical Technology Manufacturing Consortium, spearheaded by the Singapore Institute of Manufacturing Technology (SIMTech) — a publicly-funded research institute of the Agency for Science, Technology and Research (A*STAR) — is a 26-member consortium formed in 2009 to reinforce local industry capabilities and establish medical technology R&D platforms for technology and knowledge transfer by exploiting the results of R&D collaboration with the research institutes, value chain partners and MNCs. This includes optics and fluid dynamics, new materials such as composites and alloys, as well as advanced manufacturing processes comprising micro and large format machining. • To encourage the formation of medical technology start-ups in Singapore, SPRING Singapore launched the S$40 million Biomedical Sciences Accelerator (BSA) Programme to support and nurture innovative companies. SPRING Seeds Capital will be working with a local company, Clearbridge Accelerator, to co-fund the programme as well as to identify, invest and grow young medical technology companies to help bring their innovative ideas and technologies to the market. • The Singapore government remains committed to growing the medical technology industry by investing in further research. In 2010, it was announced that S$3.7 billion would be invested in biomedical sciences research for the period 2011 to 2015. This is a 12 per cent increase over the investment made in the previous 5 years, demonstrating that biomedical sciences R&D remains a priority in Singapore’s long-term strategy to boost its economic competitiveness, achieve sustained growth and establish the country as Asia’s innovation capital. 5 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 a) Building of Key Plug-And-Play Infrastructure to support the Development of the Biomedical Sector in Singapore Singapore is committed to invest in infrastructure to help medical technology companies defray heavy capital investments and create flexibility in cost. The Medtech Hub is the first specially built facility for the medical technology industry in Singapore and is set to host an integrated ecosystem of local and international medical technology companies, such as manufacturers, suppliers and service providers, and providing shared utilities. As the medical technology industry is a highly regulated one, the Medtech Hub will provide common sterilisation, shared corridor facilities and a warehousing facility that comply with Good Manufacturing Practice and Good Distribution Practice guidelines. This will help companies reduce costs and risks in manufacturing their products to meet the regulatory requirements. Most notably, the Biopolis at one-north is the premier research hub for Biomedical Sciences, hosting key public and private biomedical research laboratories, institutes and organisations. It anchors the development of the entire R&D value chain of life sciences, encompassing basic drug discovery, clinical development and medical technology research. By fostering a collaborative culture among scientists, technopreneurs and researchers and providing access to state-of-the-art facilities, scientific infrastructure and specialised services, the Biopolis allows companies to reduce R&D costs significantly and accelerate the development timeline. Strategically located next to the Biopolis, the Fusionopolis houses Singapore’s public sector research institutes that specialise in physical sciences and engineering disciplines. By promoting cross-disciplinary research with biomedical sciences companies and research institutes, it helps to enhance Singapore’s capabilities in medical technology innovation. 6 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 b) Industry Ready Workforce for the Biomedical Sector in Singapore Singapore aims to build up an industry-ready workforce to meet the needs of companies that require globally-oriented talent attuned to Asia’s healthcare needs. This requires developing a pool of talent that is multi-disciplinary (engineering, regulatory science, clinical) in nature and experience, and familiar with the company-specific medical device development cycle. Key programmes to address these needs include: • EDB’s Medical Technology IDEAS (Innovate, Design, Engineer for Asia in Singapore): The programme enables multidisciplinary teams of engineers, Volatile organic compounds (VOC) specialists and regulatory experts to gain valuable knowledge through on-the-job training in companies’ global and Singapore-based R&D facilities. • The Singapore-Stanford Biodesign Programme: EDB and A*STAR’s collaboration with Stanford University, the programme is designed to meet the region’s need for Asian medical device innovators familiar with Asia’s unique clinical and market needs. • To date, Singapore’s medical technology manufacturing sector employs more than 9,000 skilled workers in high-value and complex roles, and this number is set to grow with more than 20,000 science and engineering graduates entering the workforce from Singapore’s tertiary institutions each year. Companies can also access a strong base of more than 300,000 skilled employees in related sectors (e.g. pharmaceutical, electronics, engineering). At the same time, government agencies such as the Singapore Workforce Development Agency (WDA) and the Employment and Employability Institute (e2i) continue to work closely with industry partners in enhancing manpower capabilities through customised training programmes and skills upgrading schemes. 7 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 3. In Vitro Diagnostic In Vitro Diagnostics is considered as one of the fastest growing segments of global and Asian healthcare industry. The Asia Pacific In Vitro Diagnostic market has enjoyed double digit growth over the past few years. Technology and Public-Private Partnerships in Singapore Companies can collaborate with scientists in Singapore’s public-sector research institutes to work on developing new medical technology innovations and applications for in vitro diagnostic. These institutes have established strong capabilities in various technologies across multiple disciplines such as bio-imaging, cell biology, materials engineering, microelectronics and nano-technology that can be translated into novel applications for life science instruments and medical devices. For example, the close collaboration between scientists from the Experimental Therapeutics Centre (ETC) under A*STAR and clinicians from Tan Tock Seng Hospital has enabled the successful development of the most comprehensive and rapid H5N1 bird flu test kit available to date. With this highly advanced kit, doctors can now rapidly detect all existing strains of the H5N1 viruses in a single test with almost 100% accuracy, within a few hours. AITbiotech Pte Ltd, a regional provider of genomic services and molecular diagnostics kits, has recently signed a licence agreement with Exploit Technologies, the technology transfer arm of A*STAR, to market this H5N1 kit regionally. An extension of its headquarters in North Carolina, USA, the BioVenture Centre in Singapore engages in technology development for areas that include cellular and in-vitro diagnostics for chronic conditions and diseases, as well as media for biologic therapies, cells and tissues. This allows BioVenture Centre to maximise its contributions to new ventures and customers. 8 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 4. Medical Services and Equipment Singapore currently ranks sixth globally and first in Asia in medical tourism. 350,000 foreign patients travel to Singapore each year for medical care. One million patients are treated annually in Singapore. Singapore medical expenditures increased from US$5 billion in 2006 to US$9.7 billion in 2010. 38 per cent of medical products purchased in Singapore are re-exported to rest of the Asia region. Singapore’s medical device market is worth more than $200 million US dollars, and many economists have predicted strong economic growth in Singapore. The latest estimates indicate that Singapore will have the fastest growing economy in Asia with a 12 per cent growth rate for the year 2010. Singapore continues to grow as a regional hub for medical manufacturing. According to Singapore’s Economic Development Board (EDB), as part of Singapore’s biomedical sciences sector, the medical technology industry doubled its manufacturing output from S$1.5 billion in 2000 to about S$3 billion in 2008. As Asia’s leading location for medical technology, Singapore is home to over 30 medical technology companies which have set up commercial-scale plants to produce medical devices for the regional and global markets. Singapore is a trusted base for companies to manufacture complex and high quality instruments and medical devices for global markets. In 2012, Life Technologies announced that it had set up a Global Instrument Centre of Excellence in Singapore, which will design and manufacture including next-generation sequencing and molecular diagnostic instruments. The company will also move the manufacture of Ion Torrent's Personal Genome Machine to the Singapore centre, Life Technologies’ only internal instrument manufacturing facility outside of the United States. Medtronic, the world’s largest standalone medical devices manufacturer, also anchored its high value-added manufacturing of cardiac devices and lead in Singapore. The company opened its first pacemaker and leads manufacturing facility here in 2011, making the launch its first inAsia site manufacturing cardiac devices and lead. In addition, all of the top 10 medical technology companies have their regional headquarters in Singapore, from which to drive business expansion in Asia. Global leaders that have set up manufacturing, R&D and headquarter functions in Singapore include AB SCIEX, Baxter International, Becton Dickinson, BIOTRONIK, Hoya Surgical Optics, Life Technologies, Medtronic and Siemens Medical Instruments. 9 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 A variety of medical products, ranging from syringes and catheters, to research instruments and scientific analytical equipment, are manufactured in Singapore, including 10 per cent of the world’s contact lenses, over 70 per cent of the world’s microarrays, and about half the world’s thermal cyclers and mass spectrometers. In Singapore’s quest for encouraging the development of innovative medical technology products, there have been several successful endeavours that have since taken off. One example is the development of the world’s thinnest one-day disposable contact lens by Japanese company Menicon. Called “Magic”, the innovation was developed in Singapore, at the corporation’s first R&D and manufacturing facility outside Japan, with total investments of S$123 million. Through technological innovations in the form of medical devices, NUS’s Medical Engineering Research and Commercialization Initiative (MERCI) aims to help patients by bringing practical solutions to them. MERCI is led by a team of experienced doctors, engineers and business professionals in the medical device industry. Central to the initiative is the goal of developing cost-effective, innovative and clinically trial-able solutions that would benefit the Singapore healthcare system based on a systematic and low-risk operating model. 5. Telemedicine Readiness for Tele Health Services in Singapore As of now, more than 80 per cent of homes and offices in Singapore have existing infrastructure, Next Generation Nationwide Broadband Network (Next Gen NBN) in place to have access to Tele Health Services such as High- definition video conferencing solutions for remote consultations with doctor, where high internet bandwidth is required. In collaboration with software giant Hewlett Packard, Singapore-based company Healthstats also produced a wireless monitoring device to facilitate the monitoring of blood pressure by patients and doctors. To accelerate the commercialisation process, locally based companies can test-bed their ideas in collaboration with local hospitals. For example, Excelpoint with the support of KK Women's and Children's Hospital and several government agencies, developed a novel breathoptics technology to monitor breathing cycles and detect abnormal breathing patterns in newborn babies. 10 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 6. Biomedical Research Institutes to enhance the BioMedical Research and Development (R&D) in Singapore Over the past 20 years, Singapore has steadily built a strong foundation of basic and clinical research through its biomedical research institutes under A*STAR which have gained the regard of the global scientific community. Bioinformatics Institute (BII) 30 Biopolis Street #07-01 Matrix Singapore 138671 Tel: (65) 6478 8298, Fax: (65) 6478 9048 Website: www.bii.a-star.edu.sg Email: enquiry@bii.a-star.edu.sg The Bioinformatics Institute (BII) was established as the computational biology research and postgraduate training institute as well as a national resource centre in bioinformatics. The BII focuses on theoretical approaches aimed at understanding biomolecular mechanisms that underlie biological phenomena, the development of computational methods to support this discovery process, and experimental verification of predicted molecular and cellular functions of genes and proteins with biochemical methods. Bioprocessing Technology Institute 20 Biopolis Way #06-01 Centros Singapore 138668 Tel: (65) 6478 8888, Fax: (65) 6478 9561 Website: www.bti.a-star.edu.sg Email: admin@bti.a-star.edu.sg The Bioprocessing Technology Institute’s (BTI) mission is to develop manpower capabilities and establish cutting-edge technologies relevant to the bioprocess community. Spearheading bioprocess R&D, the BTI has core expertise in expression engineering, animal cell technology, stem cells, microbial fermentation, product characterisation, downstream processing, purification and stability, with supporting proteomics and microarray platform technologies. BTI, with its R&D and its GMP manufacturing capabilities, bridges the gaps between discovery, process development and commercialisation. 11 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 Genome Institute of Singapore 60 Biopolis Street #02-01 Genome Singapore 138672 Tel: (65) 6808 8000, Fax: (65) 6808 8292 Website: www.gis.a-star.edu.sg Email: genome@gis.a-star.edu.sg Established in June 2000, the Genome Institute of Singapore (GIS) is a national flagship initiative with a global vision that seeks to use genomic sciences to improve public health and prosperity. As a centre for genomic discovery, GIS pursues the integration of technology, genetics, and biology towards the goal of individualised medicine. Its scientific focus is to investigate post-sequence genomics; to understand the genetic architecture of pan-Asian populations with emphasis on cancer biology, pharmacogenomics, stem cell biology and infectious diseases. Institute of Bioengineering & Nanotechnology 31 Biopolis Way #04-01 Nanos Singapore 138669 Tel: (65) 6824 7000, Fax: (65) 6478 9080 Website: www.ibn.a-star.edu.sg Email: enquiry@ibn.a-star.edu.sg The Institute of Bioengineering and Nanotechnology (IBN) spearheads the advancement of biomedical sciences in Singapore. Positioned at the interface of two frontiers of engineering, IBN is focused on creating knowledge and cultivating talent to develop technology platforms that will spur the growth of new industries. Since 2003, the Institute of Bioengineering and Nanotechnology (IBN) has carved out a unique niche at the interface of bioengineering and nanotechnology with its impactful research. IBN is helmed by Executive Director, Professor Jackie Ying, who was a Professor of Chemical Engineering at the Massachusetts Institute of Technology (1992 2005). Under her direction, IBN conducts research at the cutting-edge of bioengineering and nanotechnology. Its programs are geared towards linking multiple disciplines across engineering, science and medicine to produce research breakthroughs that will improve healthcare and our quality of life. 12 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 Research Capabilities • Drug and Gene Delivery • Cell and Tissue Engineering • Biosensors and Biodevices • Pharmaceuticals Synthesis and Nanobiotechnologies Institute of Medical Biology 8A Biomedical Grove #06-06 Immunos Singapore 138648 Tel: (65) 6407 0150, Fax: (65) 6464 2049 Website: http://www.imb.a-star.edu.sg Email: webmaster@imb.a-star.edu.sg The Institute of Medical Biology (IMB) has a strategic, programme-directed portfolio of research focused on issues at the critical interface between basic science and medicine. It aims to facilitate the development of translational research by building bridges between clinical and basic science. IMB currently hosts research programmes concerned with different aspects of human diseases. Programmes include the Singapore Onco-Genome project, Regenerative Medicine, Papillomavirology, Epithelial Biology and the Lab of Stem Cell Biology from the Singapore Stem Cell Consortium (SSCC). IMB helps scientists and clinicians work closely together to support, inform and refine each other’s strengths and specialisations to increase the efficiency of the translation process, and ultimately contribute towards a better quality of life. Institute of Molecular and Cell Biology 61 Biopolis Drive Proteos Singapore 138673 Tel: (65) 6586 9755, Fax: (65) 6779 1117 Website: www.imcb.a-star.edu.sg Email: enquiry@imcb.a-star.edu.sg The Institute of Molecular and Cell Biology (IMCB) was established to help develop and support biomedical R&D capabilities in Singapore. Today, IMCB has established itself as a world-class research institute in biomedical sciences with research activities focusing on six major fields: Cell Biology, Developmental Biology, Structural Biology, Infectious 13 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 Diseases, Cancer Biology and Translational Research with core strengths in cell cycling, cell signalling, cell death, cell motility and protein trafficking. IMCB’s recent achievements include being part of an international consortium that successfully sequenced the entire pufferfish (Fugu) genome—a world’s first. IMCB was also awarded the Nikkei Prize 2000 for Technological Innovation, in recognition of its growth into a leading international research centre and its collaboration with industry and research institutes world-wide. Singapore Institute for Clinical Sciences 30 Medical Drive Singapore 117609 Tel: (65) 6407 0100, Fax: (65) 6776 6840 Website: http://www.sics.a-star.edu.sg Email: enquiry@sics.a-star.edu.sg The Singapore Institute for Clinical Sciences (SICS) mission is the development of disease-oriented clinical and translational research programs in focused disease areas. SICS is distinguished by its focus on clinical sciences and the use of innovative approaches and technologies that enable the efficient and effective study of human health and diseases. The institute aims to attract, train and nurture clinician-scientists and serve as a critical bridge linking basic research undertaken by A*STAR Research Institutes and clinical research programmes in Singapore’s public hospitals, disease centres and universities. 14 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 7. Upcoming Exhibitions for In Vitro Diagnostic, Medical Services and Equipment Sectors in Singapore MEDLAB Asia Pacific Date: 18 – 20 March 2015 Venue: Marina Bays Sands, Singapore Website: http://www.medlabasia.com/en/Home/ Contact Person: Tom Coleman Designation: Exhibition Director Tel: +971 (0) 4 336 5161 Ext. 2508 Direct line: +971 (0) 4 407 2508 Fax: +971 (0) 4 336 4021 Email: tom.coleman@informa.com The inaugural MEDLAB Asia Pacific was launched in February 2014 as part of the MEDLAB series. Now in its' second year, the exhibition will provide a platform for leading companies to showcase current technologies and clever innovations in the field of laboratory and diagnostics. Held on 18-20 March 2015 at Marina Bay Sands, Singapore, this event will bring together leading companies who will showcase today's products and innovations, which are part of the key trends in disease state management. Held alongside the exhibition, MEDLAB Asia Pacific will feature six individual scientific conference tracks, which will provide unparalleled education and management solutions to help labs excel. With more than 50 expert speakers, healthcare professionals in attendance will be given an opportunity to explore the current technology and science which is driving today's diagnostics and patient care. 15 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 8. Future Forecast of the Biomedical Sector in Singapore Between now to 2050, Asia’s ageing population is expected to dramatically increase by 314 per cent — from 207 million to an eventual 857 million. Home to half of the world’s population, Asia presents new growth opportunities with an ever-rising ageing population and burgeoning middle-class. It is forecasted that Asia’s healthcare market will grow from US$246 billion in 2009 to US$349 billion in 2012, presenting a prime market to tap into. An ageing population, a prevalence of chronic diseases and the growing affluence of its middle class have collectively led to an increase in demand for high quality medical technology products. This naturally presents tremendous opportunities for global medical technology companies to extend their presence here in Asia and address the healthcare needs of in this region. As global medical technology companies seek to navigate the diversity and complexities of Asia’s regulatory landscape and clinical needs, Singapore will play a key role in being Asia’s gateway. Besides having talent access in the region, companies can also rely on a stable pro-business, pro-innovation environment that will help drive both innovation and top-line growth in Asia. For medical technology companies seeking entry to regional markets, Singapore’s probusiness stance makes it easy to commence operations within a short time frame. It takes 15 minutes to register a business online, three to six weeks to receive approval for clinical trials, and 24 to 36 months for a manufacturing facility to be operational. To nurture a pro-innovation environment for both local medical technology companies and the growing number of international arrivals, Singapore is strong on both ‘soft’ and ‘hard’ infrastructure. The former includes the nation’s protection and enforcement of intellectual property rights, core capabilities in science and engineering, and its base of voice-ofcustomer and regulatory specialists. The latter includes the Biopolis and Fusionopolis — key purpose-built research campuses that co-locate corporate labs with public-sector research institutes to facilitate private-public partnerships and entrepreneurial networks, which go on to seed new innovation. 16 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 Singapore is committed to being the “Biopolis of Asia”, a leading international biomedical sciences cluster. The government has so far invested over S$5 billion in building up industrial, human and intellectual capital in this area, and seeks to develop the sector ever further. With the region’s healthcare needs yet to be fully met, medical technology companies can look forward to more growth opportunities to enhance their economic presence 17 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 9. Relevant Contacts for the Biomedical Sector in Singapore 1) SPRING Singapore Address: 1 Fusionopolis Walk, #01-02 South Tower, Solaris, Singapore 138628 Contact Person: Mr Tan Yee Teck Designation: Head of Biomedical Services, Healthcare Services & International Partnership Office, Europe Tel: +65 6279 3101 | Mobile: +65 9638 8983 | Fax: +65 6659 0641| Email: TAN_Yee_Teck@spring.gov.sg Website: www.spring.gov.sg SPRING Singapore is an agency under the Ministry of Trade and Industry responsible for helping Singapore enterprises grow and building trust in Singapore products and services. As the enterprise development agency, SPRING works with partners to help enterprises in financing, capability and management development, technology and innovation, and access to markets. As the national standards and accreditation body, SPRING develops and promotes an internationally-recognised standards and quality assurance infrastructure. SPRING also oversees the safety of general consumer goods in Singapore. 2) Agency For Science, Technology And Research (A*STAR) Address: 1 Fusionopolis Way, #20-10 Connexis North Tower, Singapore 138632 Tel: +65 6826 6111 | Fax: +65 6777 1711 Email: contact@a-star.edu.sg Website: www.a-star.edu.sg The Agency for Science, Technology and Research (A*STAR) is the lead agency for fostering world-class scientific research and talent for a vibrant knowledge-based and innovation-driven Singapore. A*STAR oversees 18 biomedical sciences and physical sciences and engineering research entities, located in Biopolis and Fusionopolis as well as their immediate vicinity. A*STAR supports Singapore's key economic clusters by providing intellectual, human and industrial capital to its partners in industry. It also supports extramural research in the universities, hospitals, research centres, and with other local and international partners. 18 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002 10. Bibliography Economics Development Board (EDB), 4 April 2014, Future Ready Singapore: Medical Technology Website: http://www.edb.gov.sg/content/edb/en/industries/industries/medtech.html IDA Singapore, 12 April 2012, Enabling Ageing-In-Place through TeleHealth Website:https://www.ida.gov.sg/~/media/Files/Archive/Collaboration%20Opportunities/Coll aboration%20Opportunities_Level2/20120326114308/Public_Briefing.pdf Medlab Asia Pacific, About Singapore Website: http://www.medlabasia.com/en/Overview/AboutSingapore/ 19 Singapore Office 6 Temasek Boulevard, #07-03, Suntec Tower Four Singapore 038986 - Singapore Tel: +65-6820 3180 Fax: +65-6333 8058 Email: singapore@ice.it Website: www.italtrade.com/singapore ICE Istituto nazionale per il Commercio Estero Via Liszt 21, 00144 Roma, Italia Tel: +39-06 59921 Fax: +36-06-89280332 Website: www.ice.gov.it Cod. Fisc. 80069170589 Part. Iva 02120151002