Singapore Pharmaceutical Market Outlook to 2022
by Prescription & OTC Drugs and by Patented & Generic Drugs
Region:Asia
Product Code:KR663
June 2018
77
About the Report
Singapore Pharmaceutical Market
Singapore Pharmaceutical market can be characterized by the presence of best-in-class infrastructure, integrated and advanced hubs for pharmaceutical manufacturing and research and access to regional markets and skilled workforce. Singapore Pharmaceutical market has registered an increase in the revenue during the period 2012-2017. Many leading biomedical companies such as AbbVie, Pfizer, Ferring Pharmaceuticals and others have selected Singapore as their global manufacturing base. Singapore pharmaceutical market has increased at a single digit CAGR during 2012-2017. Singapore has emerged as one of the most integrated and advanced hubs for pharmaceutical manufacturing and research in Southeast Asia. Singapore has developed 2 biomedical hubs namely Biopolis and Tuas Biomedical Park. Biopolis facilitates the cooperation between public sector research centers with private labs whereas the Tuas Biomedical Park is dedicated primarily to pharmaceutical manufacturing and production.
Singapore Pharmaceutical Market Segmentation
By Prescription & OTC Drugs: Prescription drugs have accounted for largest share of the revenue in Singapore pharmaceutical market in 2017. OTC drugs have accounted for the remaining share of the revenue. The growth in prescription drugs can be attributed to prevalence of chronic diseases such as diabetes, cancer and others have further driven prescription drugs sale. Sale of OTC drugs has been on an incline owing to rise in trend of self-medication in Singapore. Majority of antibiotics are sold via OTC channel. Vitamins and dietary supplements are one of the fastest growing segments of OTC
By Patented & Generic Drugs: Patented drugs have accounted for largest share of the revenue in Singapore prescription drugs market in 2017. Generic drugs have accounted for the remaining share in terms of revenues. The presence of secure IP protection has encouraged international companies to set up manufacturing facilities and gain patent rights for their drugs, API and production process. Further, it is supported by the availability of modern infrastructure and large investment in research activities. These include drugs for infectious diseases and oncology.
Singapore Over-The-Counter Drugs Market
Singapore OTC market increased at a double digit CAGR during 2012-2017. The market is driven by increasing number of people taking self-medication. Further, increased focus on R&D efforts has led to better focus on the advancement of innovative over-the-counter and consumer health drugs. Major therapeutic segments include antibiotics, analgesics and antacids. Since these medicines do not require a prescription, the manufacturers are also able to sell them through online retail channels. Leading companies in the OTC market include GlaxoSmithKline Plc, Reckitt Benckiser Group Plc (RB), Ricola AG, Lofthouse of Fleetwood Ltd, Haw Par Corp Ltd and Valeant Pharmaceuticals International Inc
Singapore Pharmaceutical Market Competition Overview
The market is fragmented with multinational companies dominating the space with major focus on research & development activities. There are 54 pharmaceutical manufacturers and 5,500 registered medicines as of 2017. Major multinational companies include GSK, Novartis, Roche, Pfizer, Bayer, AstraZeneca, Abbott, Baxter, Maccine and others. The pharmaceutical market has witnessed increasing advancement of innovative over-the-counter, generic, prescription and consumer health drugs. Major competition parameters include product range, distribution network, technology, investment in R&D
Singapore Pharmaceutical Market Future Potential
Singapore pharmaceutical market is expected to grow at a single digit CAGR during 2017-2018 driven by universal access to health insurance and world-class biomedical research facilities.
Key Topics Covered in the Report:
- Singapore Pharmaceutical Market Size, 2012-2017
- Singapore Pharmaceutical Market Segmentation (by Prescription & OTC Drugs, by Patented & Generic Drugs)
- Singapore Over-The-Counter Market Size
- Trends and Developments in Singapore Pharmaceutical Market
- Issues and Challenges in Singapore Pharmaceutical Market
- Government Initiatives, Rules and Regulations in Singapore Pharmaceutical Market
- Singapore Pharmaceutical Market Competitive Landscape
- Singapore Pharmaceutical Future Outlook and Projections, 2018-2022
- Value Chain in Singapore Pharmaceutical Industry
- Analyst Recommendations
Products
Prescribed Drugs, OTC Drugs, Biopharmaceuticals, Generic Drugs, Branded Medicine, Vitamin and Dietary Supplements, Drug approvals, Drug Pipeline
Companies
Table of Contents
1. Research Methodology
1.1. Market Definitions
1.2. Abbreviations
1.3. Consolidated Research Approach
1.4. Market Sizing and Limitation
1.5. Variables (Dependent and Independent)
1.6. Singapore Hospital Market Correlation Matrix
1.7. Singapore Hospital Market Regression Matrix
2. Singapore Pharmaceutical Market – Executive Summary
3. Singapore Pharmaceutical Ecosystem
3.1. Value Chain in Singapore Pharmaceuticals Market
4. Singapore Healthcare System
5. Singapore Healthcare Key Metrics
6. Comparative Analysis with Other Asian Countries
7. Regulatory Bodies in Singapore Healthcare System
8. Singapore Pharmaceutical Market
8.1. Overview and Market Nature
8.2. Market Size, 2012-2017
9. Singapore Pharmaceutical Market Segmentation
9.1. by Patented and Generic Drugs, 2014-2017
9.2. by Prescription and OTC Drugs, 2014-2017
9.2.1. Singapore Over-The-Counter Drugs Market Size
9.2.2. Singapore Over-The-Counter Drugs Market: Competition
9.2.3. Pricing Scenario in Singapore Over-The-Counter Drugs Market
10. Singapore Pharmaceutical Market Recent Developments & Growth Drivers
11. Singapore Pharmaceutical Market– Restraints
12. Government Regulations for Singapore Pharmaceutical Market
13. New Drug Approvals in Singapore, 2017
14. Singapore Pharmaceutical Market Competition Analysis
14.1. Singapore Pharmaceutical Market – Competition Analysis
14.2. Singapore Pharmaceutical Market Competitive Landscape
14.2.1. Company Profile: Haw Par Corporation Limited
14.2.2. Company Profile: Beacon Pharmaceuticals
14.2.3. Company profile: GSK, Singapore
14.2.4. Major companies in Singapore Pharmaceutical Market
15. Singapore Pharmaceutical Market: Future Outlook and Projections
15.1. Singapore Pharmaceuticals Market-Future Outlook and Projections, 2018-2022
15.2. Singapore Pharmaceutical Market-Future by Generic and Patented Drugs, 2017-2022
16. Snapshot on Singapore Vitamin and Dietary Supplement Market
16.1. Market Size, 2012-2017
16.2. Competition Scenario
16.3. Pricing Scenario
17. Snapshot for Singapore Animal Healthcare
18. Snapshot for Singapore Biopharmaceutical Market
19. Singapore Pharmaceutical Market – Analyst Recommendations
20. Disclaimer
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