About this Course

Asia is emerging as a global powerhouse in biomedical and healthcare industries. The sheer size of the market, the high growth rate and the complicated infrastructure poses high rewards and risks for the industry players, as well as logistics service providers. Singapore offers Asia's best healthcare system, with ten accredited hospitals and three medical centres. The country attracted 400,000 foreign patients in 2006, with the number projected to reach 1 million in 2012. Singapore achieved "Best Medical / Wellness Tourism Destinations" (By Travel / Weekly Asia Industry Awards for two years consecutively in 2007-2008, and was ranked 4th Best Healthcare Infrastructure (IMD World Competitiveness Yearbook 2009). These conditions bode well for the pharmaceuticals and logistics industry. The market for cold chain packaging and transport services is projected to grow from $6.9 billion to $8.7 billion by 2015. This is driven by the strong demand from pharmaceutical companies that need specialized storage and transport of drugs, clinical trials and test samples. The pharmaceutical companies will require cold chain logistics service providers to handle time and temperature sensitive products. As such, 17 of 25 largest 3PLs in the world have based their operations in Singapore, with many offering cold chain logistics.

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