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US medical equipment and supplies accounted for 30% of market share in 2018 and this has stayed consistent over the last few years Based on available trade figures for 2017, 2018 and to date, US exports of medical equipment to Singapore are expected to decline by approximately 4% in 2019 as is expected of total imports, by approximately 6%.
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Global HVAC Equipment
The market for global HVAC equipment is forecasted to grow through 2022, as forecasted by The Freedonia Group This comes on the heels of quick growth in the China market, rising income levels worldwide, and environmental regulations spurring the need for replacement equipment.
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