Singapore has one of the best healthcare systems in the world and is willing to pay a quite a bit for it. Singapore's medical technology industry is expected to continue to grow at a rate in double figures in the coming years. Numerous new hospital buildings – the government plans to provide up to 5,000 additional hospital beds and build a new national cancer centre by 2030 – as well as the aging population with its diseases are continuing to boost demand. The import quota remains high, so that international manufacturers of medical technology continue to enjoy excellent business opportunities.
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