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Growing the Medical Technology Industry in Singapore3 The medical technology industry is a new area of growth inthe burgeoning biomedical sciences sector in Singapore.Itprovides an excellent opportunity for the local electronics andprecision industries to diversify and expand their businesses. Themedical technology industry doubled its manufacturing outputfrom $1.5 billion in 2000 to about $3 billion in 2008. Over thesame period, its manpower base also doubled from about 4,000to more than 8,000 last year. By 2015, the medical technologyindustry targets to achieve $5 billion in manufacturing output.4