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Healthcare & Medical Technologies (Singapore Market Study) Healthcare & Medical Technologies Singapore Market Study APRIL 2019 Healthcare & Medical Technologies - Singapore Market Study - Page 1 of 193 © Copyright EU Gateway | Business Avenues The information and views set out in this study are those of the author(s) and do not necessarily reflect the official opinion of the European Union. Neither the European Union institutions and bodies nor any person acting on their behalf may be held responsible for the use which may be made of the information contained therein. The contents of this publication are the sole responsibility of EU Gateway | Business Avenues and can in no way be taken to reflect the views of the European Union. The purpose of this report is to give European companies selected for participation in the EU Gateway | Business Avenues Programme an introductory understanding of the target markets countries and support them in defining their strategy towards those markets. For more information, visit www.eu-gateway.eu. EU Gateway to Singapore Central Management Unit Singapore Market Study April 2019 Submitted to the European Commission on 04 April 2019 Healthcare & Medical Technologies - Singapore Market Study - Page 3 of 193 TABLE OF CONTENTS LIST OF FIGURES ...................................................................................................................................................... 6 LIST OF TABLES ........................................................................................................................................................ 7 TABLE OF ABBREVIATIONS .................................................................................................................................... 9 1. EXECUTIVE SUMMARY ....................................................................................................................................... 10 OPPORTUNITIES ........................................................................................................................................... 14 2. WHAT ARE THE CHARACTERISTICS OF SINGAPORE? ................................................................................. 17 2.1. POLITICAL OVERVIEW ............................................................................................................................ 17 2.2. ECONOMIC OVERVIEW ........................................................................................................................... 18 2.3. TRADE OVERVIEW ................................................................................................................................. 19 2.4. MARKET ACCESS .................................................................................................................................. 22 2.5. BUSINESS AND COMPETITIVE ENVIRONMENT ........................................................................................... 23 3. MARKET OVERVIEW & EU ENTRY OPPORTUNITIES IN SINGAPORE .......................................................... 25 3.1 THE SINGAPORE HEALTHCARE & MEDICAL TECHNOLOGIES SECTOR........................................................ 25 3.1.1 The Singapore Healthcare System ................................................................................................. 25 3.1.2 The Public Healthcare Infrastructure .............................................................................................. 30 3.1.3 Research & Development ............................................................................................................... 34 3.1.4 Key Associations ............................................................................................................................ 36 3.1.5 Entry Strategies .............................................................................................................................. 37 3.1.6 Challenges & Entry Barriers ........................................................................................................... 40 3.2 ASSISTIVE TECHNOLOGIES ...................................................................................................................... 41 3.2.1 Market Overview ............................................................................................................................. 41 3.2.2 EU Entry Opportunities ................................................................................................................... 47 3.3 MEDICAL EQUIPMENT ............................................................................................................................. 54 3.3.1 Market Overview ............................................................................................................................. 54 3.3.2 EU Entry Opportunities ................................................................................................................... 58 3.4 ICT FOR HEALTHCARE ............................................................................................................................ 67 3.4.1 Market Overview ............................................................................................................................. 67 3.4.2 EU Entry Opportunities ................................................................................................................... 74 3.5 TELEMEDICINE AND REMOTE HEALTH MONITORING .................................................................................. 82 3.5.1 Market Overview ............................................................................................................................. 82 3.5.2 EU Entry Opportunities ................................................................................................................... 88 3.6 NANOTECHNOLOGY HEALTHCARE ........................................................................................................... 95 3.6.1 Market Overview ............................................................................................................................. 95 Healthcare & Medical Technologies - Singapore Market Study - Page 4 of 193 3.6.2 EU Entry Opportunities ................................................................................................................... 99 3.7 LIFE SCIENCES / BIOTECHNOLOGY FOR HEALTH .................................................................................... 104 3.7.1 Market Overview ........................................................................................................................... 104 3.7.2 EU Entry Opportunities ................................................................................................................. 113 3.8 RESEARCH & DEVELOPMENT TECHNOLOGIES & SERVICES .................................................................... 120 3.8.1 Market Overview ........................................................................................................................... 120 3.8.2 EU Entry Opportunities ................................................................................................................. 130 3.9 DENTAL PRODUCTS .............................................................................................................................. 133 3.9.1 Market Overview ........................................................................................................................... 133 3.9.2 EU Entry Opportunities ................................................................................................................. 138 4. REGULATIONS ................................................................................................................................................... 144 4.1 GENERAL IMPORT PROCEDURES ........................................................................................................... 144 4.2 MEDICAL DEVICE IMPORT LICENCE ........................................................................................................ 145 4.3 MEDICAL DEVICE REGULATIONS ........................................................................................................... 146 4.4 GOVERNMENT TENDERS ....................................................................................................................... 147 4.5 SINGAPORE CONSUMER PROTECTION (SAFETY REQUIREMENTS) REGISTRATION SCHEME (CPS) .......... 149 5. ANNEX ................................................................................................................................................................ 154 5.1 LIST OF USEFUL CONTACTS .................................................................................................................. 154 5.2 STARTING A BUSINESS IN SINGAPORE ................................................................................................... 158 5.3 USEFUL STATISTICS ............................................................................................................................. 163 5.3 BIBLIOGRAPHY ..................................................................................................................................... 186 Healthcare & Medical Technologies - Singapore Market Study - Page 5 of 193 List of Figures Figure 1: Map of Singapore ........................................................................................................ 17 Figure 2: EU-Singapore FTA ...................................................................................................... 20 Figure 3: Singapore has
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