Singapore Neurology Clinical Trials Market Analysis

Singapore Neurology Clinical Trials Market Analysis

$ 3999

The Singapore Neurology Clinical Trials market is projected to grow from $6.28 Mn in 2022 to $10.08 Mn by 2030, registering a CAGR of 6.1% during the forecast period of 2022 - 2030. The market will be driven by investments in clinical research and fostering collaborations between researchers, healthcare professionals, and industry partners. The market is segmented by phase, by study design & by indication. Some of the major players include Novartis International AG, Biogen & Invitrocue Pte Ltd.

ID: IN10SGCT005 CATEGORY: Clinical Trials GEOGRAPHY: Singapore AUTHOR: Vidhi Upadhyay

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Singapore Neurology Clinical Trials Market Executive Summary

The Singapore Neurology Clinical Trials market is projected to grow from $6.28 Mn in 2022 to $10.08 Mn by 2030, registering a CAGR of 6.1% during the forecast period of 2022 - 2030. Singapore has recently emerged as the epicentre of clinical research activity in the Asia-Pacific region. The nation is an obvious location for manufacturers and physicians. It also has one of the most advanced healthcare infrastructure networks in the whole region. Singapore is Asia's third most important market for clinical trials. The national government has been particularly helpful in the development of clinical research initiatives. The Health Sciences Authority (HSA) of Singapore had authorised 146 clinical studies for 2021. In Singapore, 1 in 10 people above the age of 60 suffers from dementia. In Singapore, around 150 new cases of epilepsy are reported each year. Epilepsy may strike at any age, although it is more frequent in children and those over the age of 65.

Clinical trials are essential for the introduction of innovative therapeutics as well as the advancement of evidence-based medicine, which is often recognised as the best medical care offered. Participating in clinical trials allows patients to get cutting-edge treatment while simultaneously contributing to the development of care for future patients. In Singapore, various neurology clinical trials are now underway, including studies for therapies for Alzheimer's disease, Parkinson's disease, multiple sclerosis, and epilepsy. Several facilities such as National Neuroscience Institute, Singapore General Hospital, National University Hospital (NUH) & Tan Tock Seng Hospital are involved and participate in such clinical trials.

Singapore Neurology Clinical Trials Market

Market Dynamics

Market Growth Drivers

Singapore is drawing more funding in clinical research, especially clinical trials in neurology. Singapore has been extensively promoted as a clinical research centre by the government, and various pharmaceutical corporations have constructed research facilities there. Singapore has various collaborative research networks that bring together clinical researchers, healthcare practitioners, and industrial partners. These networks promote the exchange of information, resources, and expertise, which may speed up the discovery of innovative therapies. Singapore has prioritised the development of precision medicine. Neurology clinical trials are an essential component of precision medicine since they may aid in determining which therapies are most beneficial for diverse patient groups.

Market Restraints

Since Singapore has a tiny population, it may be challenging to recruit enough subjects for certain clinical studies, especially those involving uncommon neurological diseases. Because of its high cost of living, Singapore may be an expensive destination for clinical studies. This may be a challenge for smaller businesses and academics that do not have access to large amounts of financing. Although Singapore offers a helpful regulatory environment for clinical research, there are however regulatory barriers that could delay clinical study clearance. Other nations in the area, such as South Korea and Japan, are also substantially investing in clinical research and have positioned themselves as important centres for clinical trials.

Competitive Landscape

Key Players

  • Novartis International AG
  • Biogen
  • National Neuroscience Institute
  • Duke-NUS Medical School
  • Eisai Asia Pacific
  • ASLAN Pharmaceuticals (SGP)
  • Invitrocue Pte Ltd (SGP)

Notable Insights

In June 2022, Novartis reported fresh results from the Phase 3 ASCLEPIOS I/II trials and the ALITHIOS open-label extension demonstrating that ongoing Kesimpta® (ofatumumab) therapy substantially enhanced the chances of attaining no evidence of disease activity (NEDA-3) vs switching from teriflunomide.

September 2020, Nanyang Technological University, Singapore (NTU Singapore) materials scientists have invented a novel tablet that utilizes the stomach as a drug reservoir and slowly distributes medications to Parkinson's disease patients over time.

1. Report Description of the Singapore Neurology Clinical Trials Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Singapore Neurology Clinical Trials Market Executive Summary
2.1 Singapore Neurology Clinical Trials Market –Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Singapore Neurology Clinical Trials Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Singapore Neurology Clinical Trials Market Segmentation

4.1 By Phase
4.1.1 Phase I
4.1.2 Phase II
4.1.3 Phase III
4.1.4 Phase IV

4.2 By Study Design Outlook
4.2.1 Epilepsy
4.2.2 Parkinson's Disease (PD)
4.2.3 Huntington's Disease 
4.2.4 Stroke
4.2.5 Traumatic Brain Injury (TBI)
4.2.6 Amyotrophic Lateral Sclerosis (ALS)
4.2.7 Muscle regeneration
4.2.4 Others

4.3 By Indication Outlook  
4.3.1 Interventional
4.3.2 Observational
4.3.3 Expanded Access

5. Singapore Neurology Clinical Trials Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives  

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Singapore
8.2 Regulatory Framework in Singapore
8.3 Pricing & Reimbursement Scenario in Singapore Neurology Clinical Trials Market

9. Factors Driving Future Growth
9.1 New Trends and Development Singapore Neurology Clinical Trials Market
9.2 Future Opportunities

10. Strategic Recommendations

Neurology Clinical Trials Market Segmentation

By Phase (Revenue, USD Billion):

  • Phase I
  • Phase II
  • Phase III
  • Phase IV

By Study Design Outlook (Revenue, USD Billion):

  • Epilepsy
  • Parkinson's Disease (PD)
  • Huntington's Disease
  • Stroke
  • Traumatic Brain Injury (TBI)
  • Amyotrophic Lateral Sclerosis (ALS)
  • Muscle regeneration
  • Others

By Indication Outlook (Revenue, USD Billion):

  • Interventional
  • Observational
  • Expanded Access

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:



Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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This report addresses

  • Intelligent insights to take informed business decisions
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  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
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Last updated on: 14 March 2023

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