SG Healthcare provides an overview of the healthcare industry in Singapore and the Asia Pacific. Singapore’s healthcare system is internationally recognized and was ranked 6th out of 191 countries and 1st in Asia in the World Health Report on health systems, hence allowing the country to be well poised to benefit from global trends. In 2011, Singapore’s healthcare services industry had more than 4,300 establishments with about 69,000 employees working in the industry.
The report includes the market trends and outlook of the healthcare industry in Singapore. We examine the financing approach of Singapore’s healthcare industry, medical tourism as well as other initiatives undertaken by the government to improve its healthcare industry. According to the Singapore Tourism Board, Singapore earned SGD 940 million from medical tourism in 2010, a whopping SGD 200 million increase from a year ago.
Also, the report encompasses the profile of leading players in the healthcare industry as well as their respective financial highlights. Among the leading healthcare players in Singapore are Parkway Pantai Limited, Thomson Medical Centre Limited, Health Management International Limited and China Healthcare Limited. Parkway is the largest healthcare provider in Singapore and one of the largest in Asia.
Key Findings:
- In 2011, Singapore’s healthcare services industry had more than 4,300 establishments with about 69,000 employees working in the industry.
- According to the Singapore Tourism Board, Singapore earned SGD 940 million from medical tourism in 2010, a whopping SGD 200 million increase from a year ago.
- Going forward, Asia and Latin America are projected to lead the growth in the global pharmaceutical industry.
Chart 3: Social Development in Healthcare Industry
Source: Department of Statistics
Learn more from our EMD report: Singapore Healthcare Industry 2H12
Filed under: Asia, Healthcare, Industry, Singapore
