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Singapore Healthcare Industry Report - 2015

  • April 2015
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 28 pages

This report profiles Singapore's healthcare industry, discussing market trends through 2014 and outlook for 2015 and beyond. The report also highlights leading players in the sector including Raffles Medical Group Limited, Health Management International Limited, and Healthway Medical Corporation Limited.



Singapore has successfully established a strong healthcare infrastructure ranked amongst the best in the world. The country has provided universal health coverage to its citizens with multiple tiers of healthcare. Singapore has focused heavily on public health, including basic sanitation, compulsory inoculation and mass education. It also has a good balance of healthcare expenditure with government, individuals and insurance companies sharing the burden.



However, the country has its own challenges. Ageing population requires increased spending on healthcare. Also, affluent lifestyle has led to prevalence of diseases like obesity and diabetes which has increased the disease burden for the country. To counter this, healthcare providers in Singapore are constantly strengthening their capabilities through research and innovation in medical technology. Equipped with qualified doctors, internationally-accredited hospitals and specialty centers, Singapore has emerged as a medical travel hub in the region.



Key Points:



o Singapore's total expenditure of health was at around 4.7% of its GDP as of 2012. It was ahead of major Asian countries in terms of total expenditure on health as a percentage of GDP.



o Government expenditure on health was at around 1.9% of Singapore's GDP. Healthcare also accounted for 11.9% of the total government expenditure as of FY14.



o Over the last few years, the Singaporean healthcare industry has taken great strides. The annual government health expenditure grew at a CAGR of 17% during 2006-14. It grew by 24% y/y in FY14.

Table Of Contents

Singapore Healthcare Industry Report - 2015
1. Industry Profile

1.1 Sector overview

1.2 Sector size

1.3 Competitive landscape

1.4 Environmental scanning



2. Market Trends and Outlook

2.1 Key economic indicators-Singapore

2.2 Health status indicators

2.3 Health facilities

2.4 Health manpower

2.5 Market outlook



3. Leading Players and Comparative Matrix

3.1 Leading players

3.1.1 Raffles Medical Group Limited (RMG)

3.1.2 Health Management International Limited (HMI)

3.1.3 Healthway Medical Corporation Limited (HMC)

3.2 Comparative matrix

3.3 SWOT analysis



4. Tables and Charts

Table 1: World health financing statistics

Table 2: Key financial ratios of leading players



Chart 1: Government health expenditure-Annual

Chart 2: Total health expenditure-Annual

Chart 3: Government health expenditure ratios in Singapore

Chart 4: Constituent parties in parliament

Chart 5: Cost of business start-up procedures in 2013 (% of per capita GNI)

Chart 6: Singapore quarterly GDP growth rate-Y/Y change (%)

Chart 7: Quarterly exports from Singapore

Chart 8: Annual trade balance of Singapore

Chart 9: Annual fiscal balance of Singapore government

Chart 10: USD/SGD exchange rates-Monthly average

Chart 11: Core inflation in Singapore

Chart 12: Child mortality rate (under 5 Years) per 1000 live births

Chart 13: Maternal mortality rate per 100,000 live births

Chart 14: Infant mortality rate (Under 1 Year) per 1000 live births

Chart 15: Number of new cases of HIV AIDS reported in Singapore

Chart 16: Singapore-birth rate (per 1000 inhabitants)

Chart 17: Life expectancy at birth (In years)

Chart 18: Number of hospital admissions

Chart 19: Major causes of death in Singapore

Chart 20: Health facilities in Singapore

Chart 21: Number of hospital beds

Chart 22: Total number of doctors

Chart 23: Total number of nurses/midwives

Chart 24: Segment wise revenues of RMG (FY14)

Chart 25: Total revenues of RMG

Chart 26: Profit margins of RMG

Chart 27: Business segment wise revenues of HMI (FY14)

Chart 28: Total revenues of HMI

Chart 29: Profit margins of HMI

Chart 30: Business segment wise revenues of HMC (FY14)

Chart 31: Total revenues of HMC

Chart 32: Net profit margin of HMC

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