Singapore Medical Device Consulting

Despite its small population of just 5 million people, Singapore’s medical device market is worth more than $500 million. Singapore is an affluent country with high healthcare standards. It also has the highest healthcare spending per capita in Asia, except Japan. International medical device companies interested in expanding their business in Singapore can turn to PBM’s medical device consultants for assistance. PBM has helped many clients with sales, marketing and distribution of new medical devices, partner searches and setting up manufacturing sites in Singapore’s medical device market.

Singapore has a pool of skilled labor and well-developed medical infrastructure. This has encouraged many international medical device companies to establish high-tech manufacturing as well as research and development (R&D) facilities in Singapore. Medical devices which are manufactured locally by international companies include blood transfusion sets, viral diagnostic kits, as well as urology, cardiology and radiology equipment.

About 90% of Singapore’s demand for medical devices is met through imports, mainly from the US, Japan and Germany. Singapore’s demand for medical devices comes largely from the Ministry of Health (MOH). The MOH accounts for more than 70% of Singapore’s purchases of medical devices. International companies seeking to export their medical devices into Singapore, or want to set up local production facilities there can contact PBM’s Singapore medical device consultants for professional guidance.

The Singapore medical device market is overseen by the Health Sciences Authority (HSA). Recently, the HSA introduced Singapore’s medical device regulations for product registration under the Health Products Act. Under this Act, medical devices are classified based on four risk classifications (Classes A to D, where Class A has the lowest risk and Class D the highest risk). All Class A and B medical devices need to be registered by December 31, 2011. On the other hand, requirements to register all Class C and D medical devices came into effect from August 10, 2010. Before the Health Products Act came into effect in November 2007, Singapore did not have mandatory requirements for medical device companies to register their products.

PBM’s Singapore medical device consultants work with the highest level of professionalism and integrity. With our knowledge of the Singapore medical device market and its regulations, we can help your company succeed. For inquiries on PBM’s Singapore medical device consultant services, please contact us or view PBM’s publications to find out more about the Singaporean healthcare market.