With the growing concern related to health the
healthcare industry is growing more significantly and make this a billionaire
market. Moreover, in this industry the technology is developed more
significantly as with the help of technology the dangerous diseases can be
identified and several related tests could be done. According to the report
analysis, ‘Singapore Healthcare Market Forecast To
2022 – By Type Of Clinics (Medical And Dental), By Hospitals (Private, Public
And Not-For-Profit), By Prescription And Otc Drugs, By Type Of Medical Devices
(Consumables, Diagnostic Imaging, Patient Aids, Orthopedics & Prosthetics,
Dental Products And Others)’ states
that Singapore healthcare market is driven by hospital sectors and clinics on
the back of improvement in healthcare services and medical tourism. Whereas,
Singapore has one of the latest health infrastructure across the globe and due
to the aging population and medical tourism the demand for healthcare services
will drive in a more significant manner. Most of the costly tertiary health
care facilities are served by public medical institutes at reasonable prices
whereas, this is enabled by the establishment of MediShield Life which is the
National Health Insurance Scheme.
The market of Singapore Hospitals is increased at a
declining rate at the period of 2012-2017 whereas, the Macro trends are
significantly affecting this market which including rising chronic disease
prevalence, ageing population, escalating healthcare needs and several others.
The Acute hospitals have accounted for handsome amount of share in the number of
hospitals and huge proportion of beds in 2017 followed by psychiatric hospitals
and community. Moreover, the Singapore clinics market increased at a
significant CAGR at the review period and the industry is at a nascent stage of
growing more significantly with the major clinic group’s enterprise inorganic
methods of enlarging and surging their facilities portfolio. In the overall
revenue generation the medical clinics have accounted for the highest share in
Singapore in 2017 which is majorly operated by organic and inorganic expansions
of huge number of players and agreement of light asset model.
On the regional basis, the central region by high
population and greater connectivity with the other sectors of Singapore had
driven the largest number of clinics in Singapore in 2017. Whereas the Northern
region has accounted robust concentration of number of clinics in Singapore in
2017 moreover, Woodlands and Yishun have handsome number of clinics which are
offering family medicine and dental. Furthermore, northern region is followed
by west region, south region and east region.
Singapore Medical Groups, Q&M Dental Group,
Singapore General Hospital, Changi General Hospital, GSK, Singapore, Beacon
Pharmaceuticals, Guardian Pharmacy, Unity Pharmacy, Singapore Clinical Research
Institute, QT Vascular, Biosensors International, National Healthcare Group
Diagnostics, Innovative Diagnostics and Radlink are the major companies which
are currently functioning more actively in this market and make the market more
competitive and attractive which will further attract so many investor which
will are support this market financially and effective initiative in the
framework of working. Moreover, many of the key players are benefitted with the
partnerships, mergers and acquisitions and others which are more helpful in
expanding their business profile and status. Therefore, in the coming years it
is expected that the Singapore healthcare market will grow in the coming years
with the more development in the technology of medicine making and
establishment of new clinics over the decades.
Keywords
Covered in this report:- Pharmaceutical Market
Singapore, Clinics Market Singapore,
Contract Research Organization (CRO) Market Singapore, Medical Devices Market
Singapore, Healthcare Spending Singapore, Indonesia Healthcare Singapore,
Diabetes Prevalence Singapore, Singapore Pharmaceutical Future, Clinics Future
Trends Singapore, Number of Pharmacies Singapore, Number of Hospitals
Singapore, Type of Medical Devices Singapore, Type of Clinical Laboratory
Singapore, Number of Clinical Laboratories Singapore, Number of Clinics
Singapore
For more
information about the publication, refer to below link:-
https://www.kenresearch.com/healthcare/general-healthcare/singapore-healthcare-market/154981-91.html
Related
Reports:-
https://www.kenresearch.com/healthcare/general-healthcare/uae-healthcare-market-report/37505-91.html
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
