Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for banking industry professionals · Friday, March 29, 2024 · 699,669,133 Articles · 3+ Million Readers

Singapore Healthcare Market 2018-2022: Focus on Hospital, Pharmaceutical, Pharmacy Retail, Clinics, Contract Research Organization and Medical Devices

Dublin, Dec. 17, 2018 (GLOBE NEWSWIRE) -- The "Singapore Healthcare Market Forecast to 2022 - by Type of Clinics, by Hospitals, by Prescription and OTC Drugs, by type of Medical Devices" report has been added to ResearchAndMarkets.com's offering.

Singapore Healthcare Market Forecast to 2022 provides information on market size for Singapore hospital, pharmaceutical, pharmacy retail, clinics, Contract Research Organization and medical devices.

Singapore Healthcare Market Overview

Singapore has one of the best health infrastructures in the world. The population is ageing and medical tourism will drive the demand for healthcare services in Singapore in the near future. Most of the expensive tertiary care services are provided by public hospitals at affordable rates. This is supported by the implementation of MediShield Life which is the National Health Insurance Scheme.

Primary healthcare services are mostly provided by private sector practitioners and some by government polyclinics operating under MOH. Public hospitals and specialty centers engage in clinical research

Market Segmentation

Singapore Hospital Market
Singapore hospitals market increased at a declining rate during 2012-2017. Macro trends positively affecting the hospital market include ageing population, rising chronic disease prevalence, escalating healthcare needs and increasing complexity of care needs.

Revenue from outpatients have accounted for the major share in Singapore hospital market in 2017 followed by revenue generated from inpatient services. This was majorly due to shift in focus towards preventive healthcare services which augmented the revenues from outpatient services.

Acute hospitals have accounted for majority share in the number of hospitals and largest proportion of beds in 2017 followed by Community and psychiatric hospitals

Singapore Clinics Market
Singapore clinics market increased at a positive CAGR during the review period. The market is at a growing stage with major clinic groups undertaking inorganic methods of expansion and widening their service portfolio.

Medical clinics have accounted for the largest share in the overall revenue generated by clinics in Singapore in 2017. This is majorly driven by organic and inorganic expansion of large players and adoption of asset light model. Other major types of clinics include dental clinics.

The central region of Singapore has accounted for the largest number of the clinics in Singapore in 2017 driven by high population, and greater connectivity with other parts of Singapore. The north region has registered robust concentration of number of clinics in Singapore in 2017. Within this region, Woodlands and Yishun have most number of clinics offering dental and family medicine. This is followed by east region, west region and south region

Singapore Pharmaceutical Market
Singapore Pharmaceutical market can be characterized by the presence of best-in-class infrastructure, integrated and advanced hubs for pharmaceutical manufacturing and research and access to regional markets and skilled workforce.

Singapore Pharmaceutical market has registered an increase in the revenue at a positive CAGR during 2012-2017

Prescription drugs have accounted for the largest share in the revenue in Singapore pharmaceutical market in 2017 driven by new brands, high prices for existing drugs and fewer patent expiries. OTC drugs have accounted for the remaining share of the revenue owing to rise in trend of self-medication in Singapore.

Patented drugs have accounted for largest share in the revenue in Singapore prescription drugs market in 2017. Generic drugs have accounted for the remaining share of the revenue.

Singapore Pharmacy Retail Market
Singapore pharmacy retail market revenue has escalated at a positive CAGR during 2012-2017.

Private Label Goods have registered the largest share in the revenue share in Singapore pharmacy retail market 2017. Drugs have accounted for the remaining share in 2017. The sale of prescription drug in Singapore is not high as the doctor is allowed to sell those drugs at cheaper costs.

Central Region has accounted for the largest number of the pharmacies in Singapore in 2017 due to the presence of large number of hospitals and clinics and supported by high population. This is followed by north, east, west and south Singapore.

Singapore Medical Device Market
Singapore Medical device market is in the growing stage with rise in number of foreign players.

Medical Consumables have accounted for the largest share in the revenue generated by medical device market in Singapore in 2017. This is followed by diagnostic imaging products, patient's aids, orthopedic & prosthetics, dental products. Others include Point of Care Testing devices, radiation oncology devices, therapy system and testing and measurement systems.

Ministry of Health which controls most of the hospitals and significant proportion of the clinics in Singapore has accounted for largest share in the revenue generated by medical devices in Singapore in 2017. Other healthcare institutions such as private hospitals and clinical laboratories have accounted for the remaining share.

Key Topics Covered:

1. Research Methodology
2. Singapore Hospital Ecosystem
3. Singapore Healthcare System
4. Singapore Healthcare Key Metrics
5. Comparative Analysis With Other Asian Countries
6. Regulatory Bodies In Singapore Healthcare System
7. Licensing Of Medical, Dental Clinics, Hospitals And Clinical Labs
8. Singapore Clinics Market
9. Singapore Hospital Market
10. Singapore Pharmaceutical Market
11. Singapore Contract Research Organization Market
12. Singapore Pharmacy Retail Market
13. Singapore Medical Device Market
14. Singapore Diagnostic Laboratory Market
15. Snapshot For Singapore Medical Tourism Market
16. Snapshot For Singapore Healthcare IT

Companies Mentioned

  • Beacon pharmaceuticals
  • Biosensors International
  • Changi General Hospital
  • GSK
  • Guardian Pharmacy
  • Innovative Diagnostics and Radlink
  • National Healthcare Group Diagnostics
  • Q&M Dental Group
  • QT Vascular
  • Singapore
  • Singapore Clinical Research Institute
  • Singapore General Hospital
  • Singapore Medical group
  • Unity Pharmacy

For more information about this report visit https://www.researchandmarkets.com/research/xxwrl8/singapore?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

                    CONTACT: ResearchAndMarkets.com
                             Laura Wood, Senior Press Manager
                             press@researchandmarkets.com
                             For E.S.T Office Hours Call 1-917-300-0470
                             For U.S./CAN Toll Free Call 1-800-526-8630
                             For GMT Office Hours Call +353-1-416-8900
                    Related Topics: Medical Devices, Over the Counter (OTC) Drugs, Other Healthcare Facilities
                    

22157.jpg

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release