The
report titled “Singapore
Medical and Dental Clinics Market Outlook to 2022 – Led by Inorganic Expansion
of Major Clinics and Expansion into More Specialized Services” covers dental and medical clinics market segment by
region, growth driver, restraints, government regulations, competitive
landscape of major players in the Singapore clinics market including Singapore
Medical Group, Q&M Dental Group, ISEC Healthcare, TalkMed, Singapore
O&G, Healthway Medical Corporation, HC Surgical Specialists Limited and
Unity Denticare. The report concludes with market projections for future and
analyst recommendations highlighting the major opportunities and cautions.
Singapore Clinics Market Overview
Singapore
clinics market inclined at a positive CAGR during 2013 to 2017. The market is
at a growing stage with major clinic groups undertaking inorganic methods of
expansion and widening their service portfolio. The demand for primary
healthcare services has increased due to increase in ageing population and
increasing chronic diseases prevalence. Diabetes, hypertension, hyperlipidaemia
were the top chronic conditions treated at clinics during the review period.
Clinics in Singapore provide primary healthcare services at subsidized rates
under CHAS Scheme which includes primary medical treatment, preventive
healthcare and health education.
Singapore Clinic Market Segmentation
By Type of Clinic: Medical clinics have accounted for the largest
share in the overall Singapore Clinics market revenue in 2017. This is majorly
driven by organic and inorganic expansion of large players and adoption of
asset light model. Other types of clinics include dental clinics.
By Region:
Majority of the clinics are located in the central and north region of
Singapore driven by high population, and greater connectivity with other parts
of Singapore. Within this region Woodlands and Yishun have the most number of
clinics offering dental and family medicine.
Singapore Clinics Market Competition Overview
The
clinics market is dominated by private GP clinics which meet majority of the
total primary care demand in Singapore. These range from solo practices to
medium and large corporate groups. The market has witnessed a rise in number of
mergers and acquisitions and major clinics have increased their specialized
doctor personnel in order to enter into new medical segments. Leading clinics
groups have adopted asset light model in order to attain higher growth rates.
Major competition parameters include geographic presence, services offered,
doctor personnel, facilities and price.
Singapore Clinics Market Future Potential
The
clinics market in Singapore is expected to grow at a double digit CAGR during
2017 to 2022. The market will be driven by emergence of more specialized group
which run on asset light model and rely heavily on growing number of doctors to
leverage on economies of scale. This will further enhance cross selling
opportunities within the group. Such developments will lead to consolidation. Further,
the organic growth of the private healthcare sector is expected to improve in
the coming years as major players shift focus to offering specialized services.
Participation in electronic records system could become a licensing requirement
for clinics. This will help in improving the quality of health care services.
For more information on the research
report, refer to below link:
Related
Reports by Ken Research:
https://www.kenresearch.com/healthcare/general-healthcare/indonesia-healthcare-market/143541-91.html
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
No comments:
Post a Comment