Key Market Indicators
Singapore's import of antibiotics is projected to surge to approximately $144 million by 2028. This marks an increase from about $124 million in 2023, reflecting a compound annual growth rate (CAGR) of 2.2%. Since 1994, the nation's demand for antibiotics has grown consistently at an annual rate of 4.7%. On the export front, Singapore's antibiotic exports are expected to reach roughly $606 million by 2028, up from nearly $500 million in 2023. This represents an average annual growth rate of 2.9%. Since 1994, the supply of antibiotics from Singapore has risen at an annual rate of 2.7%.
