Press release
Singapore Healthcare Industry Focus: Healthcare, Regulatory and Reimbursement Landscape 2017
Market Research Hub Reports
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Singapore’s population grew from 5 million in 2009 to 5.6 million in 2016, mainly due to the increase in the life expectancy. The value of the pharmaceuticals market increased from $642m in 2009 to $903m in 2016 at a Compound Annual Growth Rate (CAGR) of 5%, and this value is expected to increase further from $948m in 2017 to $1,152m in 2021 at a CAGR of 5%. In 2015, the output of the medical technology sector was $7.57 billion.
These positive growth trends can be primarily attributed to:
• An increasingly elderly population
• Universal health coverage
• Government initiatives
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Scope
The report provides information on the healthcare, regulatory, and reimbursement landscape in Singapore, and includes:
• An overview of the pharmaceutical and medical device markets, comprising market size, segmentation, and key drivers and barriers
• Profiles and SWOT analyses of the major players in the pharmaceutical market: Merck & Co., Sanofi, Hyphens Pharma, Novartis, and Valeant.
• An insightful review of the reimbursement and regulatory landscape, with analysis covering details of the country’s healthcare reimbursement process, regulatory agencies and the approval processes for new drugs and medical devices
• Detailed analysis of the country’s political and economic environment, covering economic indicators, demographics, healthcare infrastructure and healthcare expenditure
• An overview of the opportunities for and challenges to growth in the Singaporean healthcare market
Reasons to buy
This report will enhance your decision-making capability by allowing you to:
• Develop business strategies by understanding the trends shaping and driving Singapore’s healthcare market
• Drive revenues by understanding the key trends, reimbursement and regulatory policies, pharmaceutical market segments and companies likely to impact Singapore’s healthcare market in the future
• Formulate effective sales and marketing strategies by understanding the competitive landscape and analyzing competitors’ performance
• Organize your sales and marketing efforts by identifying the market categories and segments that present the most opportunities for consolidation, investment and strategic partnership
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MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
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