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Domestic Pharmaceutical Output
Local pharmaceutical manufacturing output continued to defy the wider economic trends in the course of 2008 and 2009, although it remains highly volatile. In Nov 2008, while total manufacturing output in Singapore fell 7.5% due to an economic slowdown that impacted exports, pharmaceutical output rose 17.5%. Overall, biomedical output grew 14.9%. However, pharmaceutical exports continued to fall in the first few months of 2009.
While official figures indicate that the output of the biomedical manufacturing cluster shrank by 30.6% in Oct 2008 in relation to the same month of 2007, the reduction was mostly due to the different mix of APIs in the pharmaceutical segment (down by 31.2%) In the meantime, medical devices output was
22.6% lower, due to fewer exports. Overall, for the first 10 months of 2008, the biomedical manufacturing cluster was 11.5% down on the same period of 2007.
Sep 2008 figures were more positive, with the output expanding by 38.2%. The pharmaceutical sector was, however, most responsible for the development, recording a 44.4% increase, while the medical technology segment shrank by 12.0%. In the first nine months of the year, cumulative output was 9.8% lower than in the same period of 2007.
At the end of 2007, biomedical sciences manufacturing output was worth around US$16.5bn, up from US$4.4bn in 2000.Value-added business accounted for 24.4% of the total manufacturing value-add.
At the same time, over 11,500 people in Singapore were employed in the biomedical science sector,primarily in one of the 100 core life sciences companies, including 20 within the contract research organisation (CRO) sector.

In April 2009, official figures released by the Singapore Economic Development Board (EDB) showed
that manufacturing output rose by 24.7% on a seasonally-adjusted month-on-month (m-o-m) basis.