Singapore | 2024 – Asia has positioned itself as a global leader in medical device innovation, with over 2,000 products currently in development. As industry experts prepare to gather in Singapore to showcase the latest advancements in manufacturing technologies, attention is turning to the key trends shaping the market.

The growth of Asia’s medical device manufacturing sector is driven by increasing healthcare demand, particularly as the number of patients with chronic diseases rises and the research landscape expands. According to GlobalData's "Asia-Pacific Medical Device Industry Outlook 2022" report, annual sales are projected to reach $225 billion by 2030, with continued growth across the region.

Currently, there are 2,200 medical devices under development in Asia, and GlobalData forecasts that over 500 products will receive approval in the next 12 months. These products span a wide range of applications, with in vitro diagnostics (IVDs) holding the largest share, followed by cardiovascular, general surgery, and neurology devices.

This surge in innovation aligns with broader healthcare trends in the Asia-Pacific region. According to GlobalData’s annual scorecard, the region led the world in clinical trials in 2023, with China at the forefront, followed by India and South Korea among the global top five. Additionally, India and Thailand recorded the highest medical tourism expenditures in 2023, highlighting the growing international reputation of these countries in clinical excellence.

Showcasing Asia's Latest Medical Innovations

One of the key events spotlighting medical innovation is the Medical Manufacturing Asia exhibition. Taking place at Marina Bay Sands, Singapore, the event will bring together upstream and downstream manufacturers to showcase some of the most cutting-edge technologies in the industry. The exhibition will be co-hosted alongside Medical Fair Asia, which focuses on clinical devices and consumables.

Now in its sixth edition, Medical Manufacturing Asia will feature more than 170 exhibitors from 24 countries and regions. The event's global recognition underscores Southeast Asia’s significant role in industrial advancements.

Delivering Expertise in Advanced Medical Solutions

Among the exhibitors is Alleima, a trusted partner for leading OEMs in the medical device sector, specializing in the design and development of wire-based solutions for advanced medical devices. Alleima provides a range of core and custom technologies, including fine wire drawing, Nitinol braiding and shape-setting, plating, and coating services tailored to meet specific client needs. Current applications span fields such as cardiac rhythm management, cochlear implants, electromyography, oncology, urology, orthopedics, and ophthalmology.

Alleima’s expertise is particularly prominent in cardiovascular and neurology devices, two of the key sectors driving product development in Asia’s medical market. Together, these categories account for more than 370 medical devices in the region's pipeline. The company works closely with clients to stay at the forefront of metallurgical technologies, providing customized solutions for the development of groundbreaking new devices.

Medical Manufacturing Asia offers attendees an opportunity to discover solutions for industrial needs and build connections across the global medical manufacturing landscape. The event will be held from September 11 to 13.

For more information on Alleima’s processing capabilities and engineering solutions, or to discuss your medical device needs and challenges, visit booth 2V19. Additional details about the company’s expertise are available in the provided documentation.

 

Translation source: Trends and innovations for medical manufacturing in Asia - Medical Device Network (medicaldevice-network.com)