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Research and Markets: Singapore Pharmaceutical Industry: The Pharmaceutical Hub of Southeast Asia

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/zkbff7/singapore) has announced the addition of the "Singapore Pharmaceutical Industry 1H12" report to their offering.

Singapore: Pharmaceutical covers the sector overview, sector size, competitive landscape, environmental scanning for Singapore. It also covers the market trends and outlook, production index, manufacturing output, export turnover, value added by the sector, human resources, cost of operation, capital expenditure, value of fixed assets, domestic sales and industry forecast, plus the profile, comparative matrix and SWOT analysis of the industry leading players:

- Luye Pharma Group Limited

- Star Pharmaceuticals Limited

- Pharmesis International Limited

Executive Summary:

Singapore's economy saw a period of subdued growth in last three quarters due to slowdown in exports growth. However, the Singaporean pharmaceutical industry continued its V-shaped recovery in year 2012 as well. The industry recorded growth in both production as well as exports of pharmaceuticals after the global recession of late 2000s.

The country is actively being looked at as the pharmaceutical hub of Southeast Asia. It is for this reason that more than 30 leading pharmaceutical and biomedical science companies have established regional headquarters in Singapore including GlaxoSmithKline, Merck, Roche, Abbot and Sanofi. The country is also being preferred as a manufacturing base by leading multinational pharmaceutical companies. Seven of the top ten pharmaceutical companies of the world had a manufacturing base in the country as of June 2012.

The outlook for Singapore pharmaceuticals is positive owing to availability of skilled manpower, presence of leading research institutions, proactive government, relaxed regulatory environment, intellectual property protection and state of the art infrastructure. Added to that, the strategic geographic location of the country will attract multinational companies to establish a base in Singapore in the years to come.

For more information visit http://www.researchandmarkets.com/research/zkbff7/singapore

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Pharmaceuticals

Source: Research and Markets