Singapore Medical Device Market
Singapore is renowned for its role as a healthcare hub for the region and is overseen by the Health Science Authority (link). With patients traveling from neighboring countries, Singapore draws over 400,000 patients to receive its high-quality healthcare. Regularly listed in the top ranks for global healthcare, Singapore continues to be a lucrative medical device market with high demand for healthcare and research communities.
The government is very committed to Singapore’s healthcare needs, installing a long-term plan to raise GDP spending on healthcare to 8%, up from 4.6% currently. The National Health Expenditure is expected to rise to US$9.6 billion per year by 2020. Singapore has strong fundamentals in healthcare excellence, providing strong infrastructure and universal health coverage, further increasing the demand in the Singapore medical device market.
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Asia Actual is available to help navigate the complex medical device registration requirements and regulatory pathway for medical device and IVD distribution in Singapore.
Contact Asia Actual for a free consultation discussing the potential for your medical device or IVD in the Singapore medical device market.
Important Documents and Links
Singapore Regulatory Support
US: +1 512 898-9222
SG: +65 8800-3197
Latest Market Updates
- How New EU MDR Requirements Will Affect Registrations in AsiaAugust 12, 2022 - 2:07 pm
- Medical Device Advertising Requirements in AsiaJuly 22, 2022 - 10:08 pm
- What is CSDT Documentation?July 13, 2022 - 10:27 am
- Singapore’s HSA Issues New Software as Medical Device (SAMD) GuidanceJuly 6, 2022 - 2:32 pm
- Singapore’s HSA Removes Classification and Grouping Inquiry OptionApril 1, 2022 - 2:49 pm