In 2010, Singapore's medical technology sector contributed about S$3.8 billion in output and over 8,300 jobs.
30 global medical technology companies have set up commercial-scale manufacturing plants in Singapore.
Singapore is one of the world's leading manufacturing sites for research tools and diagnostics instruments, supplying more than 70 per cent of the global demand for micro arrays and thermal cyclers.
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, Affymetrix, Alcon, Baxter International, Becton Dickinson, Bio-Rad, Ciba Vision, Thermo Fisher Scientific, Fluidigm, Edwards Lifesciences, Hoya Healthcare, Hill-Rom, Illumina, Qiagen, Japan Medical Supply, Medtronic and Siemens Medical Instruments.
Companies can leverage Singapore's pro-business environment to commence operations within short lead time. It takes 15 minutes to register a business online, 3 weeks to receive approval for clinical trials, and 24-36 months for a manufacturing facility to be operational.