MarketReserchReports.biz has recently announced the addition of a market study “CountryFocus: Healthcare, Regulatory and Reimbursement Landscape – Singapore”, is a comparative analysis of the global market.
GlobalData, the industry analysis specialist, has released its latest report, CountryFocus: Healthcare, Regulatory and Reimbursement Landscape Singapore. The report is an essential source of information and analysis on the healthcare, regulatory and reimbursement landscape in Singapore. It identifies the key trends in the countrys healthcare market and provides insights into its demographic, regulatory, and reimbursement landscape and healthcare infrastructure. Most importantly, the report provides valuable insights into the trends and segmentation of its pharmaceutical and medical device markets. It is built using data and information sourced from proprietary databases, secondary research, and in-house analysis by GlobalDatas team of industry experts.
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Singapores population grew from 4.8 million in 2008 to 5.4 million in 2013, mainly due to the increase in the life expectancy (DoS, 2014). The value of the pharmaceuticals market increased from $489m in 2008 to $761m in 2013 at a Compound Annual Growth Rate (CAGR) of 9.3%, and this value is expected to increase further from $776m in 2014 to $873m in 2020 at a CAGR of 2.0% (Tarn et al., 2008; DoS, 2014; EDB, 2014c). In 2011, the output of the medical technology sector was SGD4.3 billion ($3.4 billion), which is expected to increase to SGD5 billion ($4 billion) in 2015 (EDB, 2014a).
These positive growth trends can primarily be attributed to
Government initiatives
Universal healthcare coverage
Table of Contents
Chapter One Industry Overview
1 Table of Contents 6
1.1 List of Tables 10
1.2 List of Figures 14
2 Introduction 18
2.1 GlobalData Report Guidance 18
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3 Overview of Pharmaceutical and Medical Device Market 19
3.1 Pharmaceutical Market 19
3.1.1 Market Overview 19
3.1.2 Pharmaceutical Exports and Imports 24
3.1.3 Supply Channels 25
3.1.4 Market Segments 26
3.1.5 Overview of Major Disease Areas 29
3.1.6 Major Players 31
3.2 Medical Device Market 64
3.2.1 Market Overview 64
3.3 Market Drivers and Barriers 65
3.3.1 Drivers 65
3.3.2 Barriers 66
4 Market Access 68
4.1 Reimbursement and Payer Landscape 68
4.1.1 Overview of Healthcare System 68
4.1.2 Reimbursement Process 71
4.1.3 Overview of Insurance Providers 72
4.1.4 Patient Share in Healthcare Spending 76
4.1.5 Price Trends in the Healthcare Sector 78
4.1.6 Pricing Policies 79
4.2 Regulatory Landscape 79
4.2.1 Overview of Regulatory Agencies 79
4.2.2 Market Authorization Procedure for Pharmaceutical Products 84
4.2.3 New Medical Device Approval Process 89
4.2.4 Licensing Process for Pharmaceutical and Medical Device Manufacturing 92
4.2.5 Exports and Imports 94
4.2.6 Intellectual Property Rights 96
4.2.7 Clinical Trial Regulations 112
4.2.8 Pharmaceutical Advertising Regulations 118
4.2.9 Pharmacy Regulations 119
4.2.10 Labeling and Packaging Regulations 121
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