Boston, MA -- (SBWIRE) -- 03/15/2013 -- Espicom’s in-depth medical device market reports are ideal for executives wanting to understand the key drivers in medical markets and have access to a wealth of statistical data. Each report opens with an outlook section that provides analysis of the market, 5-year market forecasts, national data projections, market outlook and key developments such as regulation, health facilities and government policy. The report also provides extensive background information, population trends, health status, health expenditure, organisation & administration, hospital services, medical personnel, healthcare development, market access information, trade data and essential industry contacts. Included with the report are 3 free quarterly updated outlook reports, enabling you to keep up to date with market developments for a year.
Singapore announced the implementation of its first set of medical device regulations in November 2007, and starting August 2010, all medical devices need to be registered and all dealers (including importers and manufacturers) will have to be licensed.

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The standard of living in Singapore is comparable to many developed Western nations and, with the exception of Japan, GDP per capita is the highest of all the Asian countries.

A universal and affordable healthcare system is evident in Singapore. Both rates for doctors and hospital beds per thousand population are above global averages.

The Singapore government provides considerable financial backing to the healthcare industry. Known for a strong and focused industrial policy, the government continues to
channel funds into medical and pharmaceutical research, and has vowed to continue investing in this sector despite a slowdown in the economy.

In 2011, the Singapore medical device market is valued at US$355 million, similar to the Philippines and Slovenia. In per capita terms, at a total of US$68, the market is similar to Taiwan and Hungary.

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