ISDN powers up beyond healthcare
Singapore-listed motion control systems specialist is also invested in mini-hydropower plants in Indonesia.
HEALTHCARE will always be in high demand. The problem is affordability, believes Teo Cher Koon, managing director of Singapore-listed motion control systems specialist ISDN.
ISDN, with more than 60 sales offices in Asia and 49 in China, will ride this trend to grow, he told The Business Times: "Demand for medtech and medical equipment will never slow down. It's not cyclical because it rides along the economic cycle."
As living standards rise, people want higher-quality healthcare, he said. "We're talking about high-end products like MRI, CT scans and X-ray equipment. And this market has all along been dominated by Siemens, Philips, GE.
"But China has a big demand, the third world has a big demand, and they can't afford that type of pricing. That vacuum …
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