Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Medical device industry set to grow in Singapore

Anuradha Shukla | May 31, 2013
A*STAR and UK university collaborate on the R&D of innovative medical devices.

The medical device industry in Singapore is set to grow following an alliance between the Singapore Institute of Manufacturing Technology (SIMTech), a research institute of the Agency for Science, Technology and Research (A*STAR), and the University of Leeds of United Kingdom

Both partners recently signed a Memorandum of Understanding that encourages collaboration on the R&D of innovative medical devices in mutually identified areas such as lab on chips, medical implants and implantable devices.

Together these medical devices will improve quality of life and help the Singapore Medtech sector to reach its target of achieving US$3.96 billion in manufacturing output by 2015.

This sector has grown from US$1.18 billion in 2000 to about US$3.4 billion in 2011.

SIMTech specialises in manufacturing research used to develop technologies that help address the future needs of the medical devices manufacturing industry. Its partner, the University of Leeds, is well-known for its research in medical and biological engineering.

This alliance will not only stimulate Medtech innovations but will also fill the gap between material and engineering research to speed the manufacturing of products from ideas generated in the lab.

Co-operation and knowledge transfer

Singapore's Medtech sector and medical professionals are expected to benefit from the co-operation and knowledge transfer and will attract the local precision engineering companies and global Medtech companies to extend their presence in the nation.

The collaboration will also boost the exchange of experience, knowledge and information between SIMTech and the University of Leeds.

Both partners will also explore the funding opportunities, shared use of facilities and combined organisation of scientific events.

The University of Leeds recognises an increase in demand for medical devices due to the requirements of the ageing population and demand for more reliability and performance. The University expects this collaboration will enable them to support the development of cost effective medical devices for patients.

"The Institute of Medical and Biological Engineering at Leeds University is well-positioned with the world's largest pre-clinical simulation facilities to determine the long-term performance of medical implants and an extensive experience of successful research translation and exploitation," said Professor John Fisher, director of the Institute of Medical and Biological Engineering at the University of Leeds. "This provides a highly complementary platform for long-term collaboration with colleagues at SIMTech."

 

Sign up for CIO Asia eNewsletters.