Singapore. Pharmaceutical market overview

Singaporean pharmaceutical market projected a high single digit CAGR that is slightly below average for the Asia Pacific region, with impressive economic indicators being tempered by the limited population size. It will be the second smallest pharmaceutical market in the Asia Pacific region cove.

The volume of trade in pharmaceutical products flowing in and out of Singapore is disproportionately large compared with the size of the country. The country acts as a key trading hub to connect South East Asia and the Western world and is a major re-exporter of pharmaceuticals.

The country exports more pharmaceuticals than any other of the Asian Tiger economies by a significant distance, although the majority of this total is from re-exported goods. The balance of pharmaceutical trade remains positive. Raw materials and retail medicaments each account for about half of the trade surplus.

Source: TECTURA
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