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Booming Medical Tourism in Singapore Outlook 2017

  • September 2013
  • -
  • RNCOS
  • -
  • 55 pages

The Singapore medical tourism industry is going through a phenomenal growth phase, offering immense opportunities for players involved in the business. After the global economic downturn in 2009, the market is growing exceptionally in each and every field of medical treatments. Healthcare expenses in developed countries together with the issue of time are leading people to seek affordable yet world class healthcare services in developing countries such as Singapore.

In their latest research study, “Booming Medical Tourism in Singapore Outlook 2017”, RNCOS analysts have identified and deciphered the market dynamics in important segments to clearly highlight the areas offering promising possibilities for hospitals to boost their growth. The market, which estimated at S$ 1,740 Million in 2013, is slated to grow at a CAGR of around 30% during 2013-2017.

The report, in a thorough manner, studies the Singapore medical tourism market vis-a-vis various grounds. A comprehensive study of the current market scenario along with the existing medical infrastructure covering hospitals and healthcare human resources has been done. Moreover, different drivers and characteristics of the market have been discussed along with forecasts to provide an understanding of the market dynamics. This section intends to aid hospitals in designing their business strategies and provide them with key insights that can help them boost their profits.

The report also covers an analysis of the healthcare industry, broken down into five major procedures viz., Cardiac, Orthopedic, Neurological & Spinal Surgery, Cosmetic Surgery, and Dental procedures. This has helped the analysts to clearly identify and highlight the procedures offering maximum opportunity for growth. Moreover, for an analysis of the costs of getting treatment in Singapore versus other countries, a primary research has been conducted.

Besides, the report covers government regulations to provide a comprehensive picture of the Singapore medical tourism industry to RNCOS’ clients. The study delves into a detailed description and key statistics of the major hospitals in the industry. Accordingly, through a primary research, the report highlights the participation of these hospitals in the medical tourism industry by covering patients’ visits by destination and the most popular treatments that international patients avail. This, hopefully, will help the reader gain a deeper insight into the competitive scenario of the industry. In nutshell, the research provides all the prerequisite information for intending clients looking out to venture into these markets, and facilitates them to devise strategies, while going for an investment/partnership in the Singapore medical tourism industry.

Table Of Contents

Booming Medical Tourism in Singapore Outlook 2017
1. Analyst View
2. Research Methodology
3. Asian Medical Tourism Industry Overview
4. Medical Tourism Outlook to 2017
4.1 Healthcare Infrastructure
4.1.1 Hospitals and Beds
4.1.2 Healthcare Professionals
4.2 Medical Tourist Arrival
4.2.1 By Country
4.2.2 By Treatment
4.3 Medical Tourism Revenue
4.4 Cost Comparison of Key Treatment
4.4.1 Cardiac Procedure
4.4.2 Orthopedic Procedure
4.4.3 Neurological and Spinal Surgery
4.4.4 Cosmetic Surgery
4.4.5 Dental Treatment
4.5 Wellness Tourism
5. Key Market Trends and Drivers
5.1 Cosmetic Surgery Trend on Rise
5.2 Private Hospitals Keep Attracting International Patients
5.3 Asian Countries Driving Singapore Medical Tourism
5.4 World Class Healthcare Infrastructure Luring Medical Tourist
6. Government Regulations
6.1 Licensing Procedure of Healthcare Institutions
6.2 Accreditation
7. Key Hospital's Profile
7.1 Parkway Pantai Hospital
7.1.1 Business Overview
7.1.2 Key Statistics
7.2 Raffles Hospital
7.2.1 Business Overview
7.2.2 Key Statistics
7.3 Changi General Hospital
7.3.1 Business Overview
7.3.2 Key Statistics
7.4 Alexandra Hospital
7.4.1 Business Overview
7.4.2 Key Statistics
7.5 Johns Hopkins Singapore International Medical Centre
7.5.1 Business Overview
7.5.2 Key Statistics
7.6 Khoo Teck Puat Hospital
7.6.1 Business Overview
7.6.2 Key Statistics
7.7 KK Women's and Children's Hospital
7.7.1 Business Overview
7.7.2 Key Statistics
7.8 National Heart Centre of Singapore
7.8.1 Business Overview
7.8.2 Key Statistics
7.9 Tan Tock Seng Hospital
7.9.1 Business Overview
7.9.2 Key Statistics
7.10 Singapore General Hospital
7.10.1 Business Overview
7.10.2 Key Statistics

List of Figures:

Figure 3-1: Asia - Medical Tourism Market by Country (2012)
Figure 4-1: Medical Tourist Arrivals (‘000), 2011-2017
Figure 4-2: Medical Tourists Arrival by Country, 2012 and 2017
Figure 4-3: Medical Tourism Market (Million S$), 2011-2017

List of Tables:

Table 4-1: Medical Infrastructure (2011 and 2012)
Table 4-2: Healthcare Medical Staff (2011 and 2012)
Table 4-3: Cost Comparison of Cardiac Procedures (US$)
Table 4-4: Cost Comparison of Orthopedic Procedures (US$)
Table 4-5: Cost Comparison of Neurological and Spinal Surgery (US$)
Table 4-6: Cost Comparison of Cosmetic Surgery (US$)
Table 4-7: Cost Comparison of Dental Treatments in Various Countries (US$)

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