Updated on 6 May 2015
The association will will strive for the sustainable development of products and services to address the unmet healthcare needs of the region
Singapore: Several medical technology companies in Asia have come together and formed the Asia Pacific Medical Technology Association (APACMed), headquartered in Singapore. Members said that the association will improve access to high quality healthcare for patients by collaborating with governments, policymakers, and other stakeholders to create innovative solutions and jointly shape the future of healthcare in the region.
Members said that APAC was home to nearly two-thirds of the world's population and had many un-met medical needs. Medtech industry in APAC is growing at a rate of 10 percent per annum and is expected to reach $71 billion this year.
Mr Vladimir Makatsaria, chairman, APACMed, said, "This is the first time we have combined our efforts to drive access, innovation, and collaboration in order to benefit patients in Asia Pacific. We welcome medical technology companies and associations with a similar vision to join us."
The association aims to be the voice of medtech and diagnostic industries and will promote innovation and talent development by engaging in key areas such as the regulatory environment, ethical business standards, and compliance. APACMed said it will host the first Asia Pacific Medical Technology Forum in Singapore from Dec 9-11.