Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Singapore Taking Steps to Meet Healthcare Demands Through the Medical Technology Sector

Singapore Taking Steps to Meet Healthcare Demands Through the Medical Technology Sector

Minister for Trade and Industry (Industry) S. Iswaran spoke at a recent MedTech event, discussing the Government’s efforts in improving healthcare accessibility.

The theme for the event was ‘’Pioneering a Healthy Future Together’’. The objective is for experts in the healthcare sector to discuss the most important issues, opportunities, innovations and partnerships in healthcare.

Mr Iswaran quoted “Living labs” to be one of the main efforts for companies to partner local healthcare providers so they can co-innovate and pilot new products and solutions.

Speakers of this forum include Ms Susi Tegen , CEO Medical Technology Association of Australia and Mr Zee Yoong Kang, the CEO of Health Promotion Board Singapore.

According to the Department of Statistics Singapore, the median age for Singapore rose from 34 to 40 in the past 10 years. Citizens above 65 years old is expected to triple to 900,000 by 2030 with the median age rising to 47.

Mr Iswaran reveals that the Government is continuously preparing to embrace the challenge of an ageing population. This is done through heightened research in use of ICT and medical technology to provide efficient healthcare services.

He said, “We are studying the scope and opportunities for IT and other digital tools to enable the delivery of better and seamless care across the care continuum, as well as targeted interventions for improved healthcare outcomes for our citizens.”

The output of the medical technology manufacturing sector has more than tripled from $1.5 billion to $5.5 billion since 2000.

Mr Iswaran also quantified the efforts made to step up healthcare innovations.

‘’Today, there are about 25 research and development centres and close to 50 regional headquarters of leading medical technology firms in Singapore’’ he said.

Ageing population is a pressing concern across the region with Asia’s population of above 60 set to form a quarter of the total population by 2050. The conference explored how innovation and collaboration can solve healthcare needs in the Asia-Pacific region.

Earlier this month , enterprise development agency SPRING Singapore today (Dec 4) launched a S$45 million mentorship programme to help small and ­medium enterprises (SMEs) train their workforce, strengthen their learning and development capabilities, and build their branding as employers of choice .

Mr Iswaran acknowledges that with an ageing population , it is important to stay relevant in the working industry.

“We know that the nature of jobs is changing profoundly, as technology and automation play an increasing role in driving innovation and ­operations,” said Minister for Trade and Industry S Iswaran at the launch.

“Consequently, the skill sets of our workforce will have to be updated in order to stay relevant to the needs of the market. Some jobs will be transformed, others will be created, and yet others will become obsolete’’ he said

However, the ageing population may not be all negative for Singapore’s economy. Recently , Prime Minister Lee Hsien Loong urged the region’s leaders to explore the potential within an ageing population.

“We need to transform our societies and economies to become more age-friendly, and turn longevity into a positive force for economic and social development.” he said in Asia Pacific Economic Cooperation (APEC) Economic Leaders Meeting last month.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.