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The Pharmaceutical Market: Singapore

Singapore pharmaceutical market: Latest market analysis presented


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2014-03-10 23:12:03 - The Pharmaceutical Market: Singapore - a new market research report on companiesandmarkets.com

Singapore will be of moderate attractiveness to investors given its small pharmaceutical market size, despite the growing demands for more pharmaceuticals and healthcare from its increasingly ageing population. However, the city-state will continue to attract companies looking to set up regional offices, manufacturing hubs or research and development facilities in the country given its strong regulatory framework and relatively stable political and economic environment.

Headline Expenditure Projections

Pharmaceuticals: SGD901mn (US$716mn) in 2011 to SGD942mn (US$751mn) in 2012; +4.5% in local currency terms and +4.9% in US dollar terms. Forecast broadly in line with previous quarter.

Healthcare: SGD13.1bn (US$10.4bn) in 2011 to SGD14.5bn (US$11.5bn) in 2012; +10.9% in local currency terms and +11.2% in US dollar terms. Forecast broadly in line with previous quarter.

Medical

 

 

Devices: SGD449mn (US$357mn) in 2011 to SGD467mn (US$372mn) in 2012; +4.0% in local currency terms and +4.3% in US dollar terms. Forecast broadly unchanged from Q4 12.

Risk/Reward Ratings

Despite having higher risks scores and country rewards scores, Singapore will continue to rank fifth (out of the 18 key markets in Asia Pacific) behind China primarily due to its small and developed pharmaceutical market. Consequently in our Q113 Asia Pacific Pharmaceutical Risk/Reward Ratings, the country scores 61.9, behind China´s 62.5.

Competitive Landscape

The competitive landscape section provides comparative company analyses and rankings by US$ sales and % share of total sales - for the total pharmaceutical sector, as well as the OTC, generics, and distribution sub-sectors.

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Mike King
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