According to Goldstein Research, Singapore Pharmaceuticals market is expected to grow at a CAGR of 6.40%. The adaptation of modern technologies and developmental activities for cost effective medical services is driving the growth of pharmaceutical industry and providing attractive opportunities to foreign investors as well as to local startups. It is expected by 2024, Singapore medical device market may reach over USD 530 million. Singapore Pharmaceuticals market segmentation has been done on the basis of products and therapeutics. Based on products, over-the-counter drugs segment accounted for largest market share and it is anticipated to contribute 48% by 2024 to total Singapore pharmaceutical industry.
Singapore Pharmaceuticals market size witnesses’ government expenditure on healthcare that has been growing and has reached USD 13 billion in 2016. In terms of global pharmaceutical product manufacturing, Singapore contribution accounted for 10% of global contact lenses, 50% of thermal cyclers and 70% of microarray.
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Market Segmentation
On the basis of our in-depth analysis, Singapore Pharmaceuticals Market can be segmented as follows:
Based on Products
o Over-the-counter (OTC) drugs
o Generic Drugs
o Patented Drugs
Based on Therapeutics
o Cardiovascular Diseases
o Diabetes
o Respiratory Diseases
o Infectious Diseases
o Oncology
o Gastrointestinal Problems
o Central Nervous System (CNS) Disorders
o Other Diseases (Dermatology, Rheumatology)
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Singapore Pharmaceuticals Industry analysis contains detailed overview of the Singapore Pharmaceuticals market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by products and therapeutics.
Further, for the in-depth analysis, Singapore Pharmaceuticals Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Amway, Novartis International AG, GlaxoSmithKline (GSK), Abbot Laboratories, Lonza, Merck Sharp & Dohme, Takeda, Roche Holding AG, Pfizer Inc., Raffles Medical Group Ltd., Wave Life Sciences, Sphaera Pharma, Special Access Pharma, Pharmaskin, NCI Health, Melbourne Drugs, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the Singapore Pharmaceuticals market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Goldstein Research
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our industry analysis reports provide in-depth analysis of global and regional variations along with competitors’ overview.
Our analysts working on healthcare market analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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