Environmental Scan 2017 | Page 165

Environmental Scan 2017: Human Capital Issues within the Medical Devices Sector Benchmarked Countries Description  Reputation factor o Every biomedical or medical devices related manufacturing plant has received validation/accreditation from international regulators such as FDA and EMEA o The strong reputation and confidence within Singapore’s regulatory framework has encouraged many manufacturers to use Singapore as a hub which they can expand into Asian markets. Workforce Support   The government created the Sectoral Manpower Development Fund (SMDP) for the Biologic industry. While this is not directly for the medical devices sector, it does help the healthcare ecosystem with the