Page 4 - MedTech 2021
P. 4

                 SINGAPORE MEDTECH DIRECTORY 2020/2021
Ms Margareta Laminto
Singapore Manufacturing Federation Medical Technology Industry Group
What a year 2020 has been so far. The onset of the pandemic has challenged our businesses in unprecedented ways, forcing us to rethink how we work, communicate and do business. I am heartened that our long-term efforts to strengthen and build up the biomedical sector as a key pillar of Singapore’s economy has paid off, and our sector was able to rise to the challenge and be an important partner in Singapore’s pandemic response.
Companies in the Medical Technology Industry have come forward to assist with masks and protection gear production. We have had companies who were able to leverage on their capabilities and turned around their production lines to manufacture test kits for COVID-19. In my message last year, I mentioned that we needed to see greater collaboration betweenthestakeholdersintheindustry to bring greater benefits to Singapore. I believe we have built on and strengthened the relationships we have in the sector as we navigate the challenges of the pandemic. Companies, the government and our talent have come together in admirable ways to create much needed solutions.
The industry has also posted year on year growth in output for most of this year. While this is in part driven by the unique demands amid a pandemic, I do hope that companies are seizing the opportunity
to identify new business opportunities and build sustainable business models. As proven by the pandemic, it is all the more imperative that we continue to focus on innovative solutions to drive disease prevention and disease interception. To bring these innovations successfully to market, businesses will need to invest in the capabilities to drive clinical applications as well as to continue to explore how these solutions may deliver positive health outcomes to benefit patients in a scientific but practical way.
With the support of the medical technology industry group and the community, I am certain the combined partnerships of science, technology and innovation will create solutions that fulfil the patient’s needs of today and tomorrow. In March 2020, the Ministry of Health unveiled the Healthcare 2020 masterplan, detailing measures to enhance the accessibility, affordability, and quality of healthcare – to better meet the needs of Singaporeans. Let us continue to build up our capabilities as an industry and work towards these goals.

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