Becton Dickinson & Co. (NYSE:BDX) marked its 25th year in Singapore by revealing plans to shift production of more than half of its products to Asia over the next decade, according to a news report.

COO Bill Kozy said that Franklin Lakes, N.J.-based Becton Dickinson now makes most of its devices outside of Asia, but will shift that balance over the next 10 years as it looks to become "a real device leader" in Asia, the Singapore Business Times reported.

BD greater Asia president James Lim, speaking alongside Kozy at the grand opening of an expanded facility in Tuas, Singapore, said government spending on healthcare is rising around the world. In China the percentage of GDP spent on healthcare is 6%-7% and growing, Lim said, according to the Business Times.

Becton Dickinson’s sales in the Asia-Pacific reason surged 13.9% to edge past the $1.0 billion mark during the fiscal year ended Sept. 30, 2013, according to a regulatory filing, amounting to about 12.3% of total sales of $8.1 billion that year. Overall sales grew 4.5% for BD during fiscal 2013.

During the fiscal 3rd quarter ended June 30, international sales grew 6.7% to $1.29 billion, compared with $871 million in U.S. sales, according to a separate filing. BD reported that overall sales grew to $2.16 billion, up 5.1% to compared with the same period last year.

The company’s new annex at the Tuas site features a cross-functional feature designed to integrate R&D, process design and manufacturing, according to the Straits Times.

"With this new facility, we have not only increased our manufacturing capacity, but also consolidated key innovation functions … under 1 roof," Lim said, according to the newspaper. "This will encourage a cross-fertilization of ideas and increase effectiveness."