Singapore Medical Device Market is Expected to Reach SGD 1.6 Billion by 2022: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Ken Research in its latest study, “Singapore Medical Devices Market Outlook to 2022 – by Type of Medical Device (Consumables, Diagnostic Imaging, Patient Aids, Orthopedic & Prosthetics, Dental Products and Others)”, suggests that demand for medical devices in the market will continue to grow in Singapore owing to technology advancements and rising number of hospitals and other healthcare facilities. The medical device market is dominated by foreign manufacturers which supply more than 85.0% of the medical devices in the country. Leading importers include the US, Germany and Japan. Furthermore, more than 60% of products imported into Singapore are subsequently re-exported. The Ministry of Health is the leading end user of medical devices which procures medical devices through tender process. MOH follows the Price-Quality Method (PQM) to evaluate tender proposals. The medical device market will incline at a healthy growth rate driven by growing investment in public and private health care sector and emphasis on local production. In 2017, Singaporean medical device regulators implemented a new priority market pathway that could reduce review timeframes for qualifying medical devices by up to 35% within two years. Health Sciences Authority, Singapore anticipates that the priority review scheme will reduce turnaround times for premarket reviews for the full evaluation routes by 25% by mid-2018, and by 35% by late 2019. Evaluation fees for the HSA priority review scheme are set to increase 15% over current rates for route 1, while fees for full HSA reviews route 2 will increase 50% over existing rates. This will allow manufacturers, importers and distributors to increase their revenue by introducing new and advanced medical devices in the market. Digitalization is a key trend in healthcare with the electronic patient record in place and improving communication systems being considered. Telehealth and remote monitoring are being trialed for future implementation. There is also a shift from treatment to preventive care and health promotion, where mobile applications and wearable devices or the Internet of Things will see an increased uptake. Companies with medical solutions catered towards functional ageing will be able to tap on the Centre for Healthcare Innovation and Medical Engineering (CHIME) and the Silver Community Test-bed Programme launched by Singapore’s government to launch and test-bed age-friendly assistive devices in a real-life home setting. Growing demand for home-use medical devices, expansion of healthcare facilities coupled with rising prevalence of lifestyle and chronic diseases will propel the Singapore medical device market revenue in future. Companies Covered: QT Vascular, Biosensors International, Becton Dickinson, Optimal Medical Products Pte Ltd, B. Braun Singapore Pte Ltd, Alcare Pharmaceuticals, and Kingston Medical Supplies Pte Ltd To know more, click on the link below: https://www.kenresearch.com/healthcare/medical-devices/singapore-medical-equipment-market/149667-91.html Related Report : – https://www.kenresearch.com/healthcare/general-healthcare/uae-healthcare-market-report/37505-91.html https://www.kenresearch.com/healthcare/general-healthcare/qatar-healthcare-market-report/99730-91.html https://www.kenresearch.com/healthcare/general-healthcare/saudi-arabia-healthcare-market-research-report/1106-91.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com 0124-4230204 Post Views: 1 Tags: Dental Devices Market Singapore, Diagnostic Imaging Devices Market Singapore, Growth Drivers Singapore Medical Device, Major Companies in Singapore Medical Device, Market Share Medical Device Singapore, Medical Consumable Market Singapore, Medical Device Future Singapore, Medical Device Import Volume Singapore, Medical Device Imports Singapore, Medical Device Manufacturers Singapore, Medical Device Market Competition Parameters, Medical Device Market Singapore, Medical Equipment Industry Singapore, Medical Furniture Market Singapore, Opportunities Singapore Medical Device Industry, Orthopedic Devices Market Singapore, Patients Aids Market Singapore, Regulations Singapore Medical Device, Singapore Medical Device Value Chain, Type of Medical Devices Singapore, Wound care Market Singapore