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)
Region:Asia
Product Code:KR676
August 2018
355
About the Report
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
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.
Singapore Clinics, Hospitals, Pharmaceutical, Pharmacy Retail, Medical Devices, and CRO Market Size, 2012-2017
Singapore Hospitals Market Segmentation (by Public, Private Hospital & Not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals)
Singapore Clinics Market Segmentation (By Type Of Clinic And By Region)
Singapore Medical Device Market Segmentation (By Type Of Medical Device, And By End User)
Singapore Pharmaceutical Market Segmentation (by Prescription & OTC Drugs, by Patented & Generic Drugs)
Singapore Pharmacy Retail Market Segmentation (by Drugs & Private Label Goods and By Region)
Singapore Clinics, Hospitals, Pharmaceutical, Pharmacy Retail, Medical Devices, and CRO Market Competitive Landscape
Singapore Clinics, Hospitals, Pharmaceutical, Pharmacy Retail, Medical Devices, and CRO Market Future Outlook and Projections, 2018-2022
Analyst Recommendations
Products
Singapore Private and Public Hospitals (Inpatient & Outpatient and by Acute, Community & Psychiatry Hospitals), Pharmaceutical (Prescription & OTC Drugs, by Patented & Generic Drugs), Pharmacy Retail (by drugs & private label goods and by region), Clinics, Contract Research Organization (by Therapeutic Class & by Clinical Trial Phase), Medical Devices (by type of medical devices, and by end user)
Companies
Singapore Medical group, 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
Table of Contents
1. Research Methodology
1.1. Market Definitions
1.2. Abbreviations
1.3. Consolidated Research Approach
1.4. Market Sizing and Limitation
1.4.1. Hospital Market
1.4.2. Clinics Market
1.4.3. Pharmacy Retail Market
1.5. Research Methodology - Variables (Dependent and Independent)
1.6. Research Methodology - Singapore Hospital Market Correlation Matrix
1.7. Research Methodology – Singapore Hospital Market Regression Matrix
2. Singapore Hospital Ecosystem
3. Singapore Healthcare System
4. Singapore Healthcare Key Metrics
5. Comparative Analysis with Other Asian Countries (1/2)
6. Regulatory Bodies in Singapore Healthcare System
7. Licensing of Medical, Dental Clinics, Hospitals and Clinical Labs
8. Singapore Clinics Market
8.1. Singapore Clinics Market – Executive Summary
8.2. Singapore Clinics Market Size, 2012-2017
8.3. Community Health Assist Scheme (CHAS)
8.4. Singapore Clinics Market Segmentation
8.4.1. by Type of Clinics, 2012-2017
8.4.2. by Region, 2017
8.5. What are the Growth Drivers in this sector?
8.6. Government Initiatives to drive Primary Healthcare
8.7. Singapore Clinics Market Competitive Landscape
8.7.1. Competitive Scenario in Singapore Clinics Market
8.7.2. Company Profiles in Singapore Clinics Market
Singapore Medical Group
Q & M Dental
ISEC Healthcare
TalkMed Group
Singapore O & G Limited
Healthway Medical Corporation Limited
HC Surgical Specialists Limited
Unity Denticare
8.8. Singapore Clinics Market-Future Outlook and Projections, 2018-2022
8.8.1. Singapore Clinics Market-Future Projections by Type of Clinic, 2018-2022
8.9. Singapore Clinics Market – Analyst Recommendations
9. Singapore Hospital Market
9.1. Singapore Hospital Market – Executive Summary
9.2. Singapore Hospital Market: Overview and Market Nature
9.3. National Health Insurance Scheme, Singapore: Medishield Life
9.4. Reorganization of Public Healthcare System
9.5. Hospitalization Cost in Singapore
9.6. Singapore Hospital Market Segmentation
9.6.1. by Inpatient and Outpatient, 2012-2017
9.6.2. by Type of Hospital, 2012-2017
9.6.3. by Public, Private and Not-for-Profit Hospital, 2012-2017
9.7. Singapore Hospital Market: Inpatient Profile
9.8. Hospital Admission Rate, 2016
9.9. Singapore Hospital Market: Business Model
9.10. Singapore Hospitals Market - Growth Drivers
9.11. Singapore Hospitals Market – Restraints
9.12. Major Hospital Projects in Singapore
9.13. Competitive Landscape in Singapore Hospital Market
9.13.1. Competitive Landscape in Singapore Hospitals Market
9.13.2. Singapore Hospital Market – Comparative Analysis of Major Hospitals
9.13.3. Singapore Hospital Market-Company Profiles
SingHealth Group
Changi General Hospital
National Healthcare Group (NHG)
Alexandra Health System
IHH Healthcare Berhad
Raffles Medical Group (RMG)
9.14. Singapore Hospitals Market-Future Outlook and Projections, 2018-2022
9.14.1. Major Upcoming Hospital Projects in Singapore
9.14.2. Singapore Hospitals Market-Future by Type of Hospital, 2018-2022
9.14.3. Singapore Hospitals Market-Future by Type of Hospital, 2018-2022
9.15. Singapore Hospital Market – Analyst Recommendations
10. Singapore Pharmaceutical Market
10.1. Singapore Pharmaceutical Market – Executive Summary
10.2. Value Chain in Singapore Pharmaceuticals Industry
10.3. Singapore Pharmaceutical Market
10.3.1. Overview and Market Nature
10.3.2. Singapore Pharmaceutical Market Size, 2012-2017
10.4. Singapore Pharmaceutical Market Segmentation
10.4.1. by Patented and Generic Drugs, 2017
10.4.2. by Prescription and OTC Drugs, 2014 and 2017
Singapore Over-The-Counter Drugs Market Size
10.5. Singapore Pharmaceutical Market Recent Developments & Growth Drivers
10.6. Singapore Pharmaceutical Market– Restraints
10.7. Government Regulations for Singapore Pharmaceutical Market
10.8. New Drug Approvals in Singapore, 2017
10.9. Singapore Pharmaceutical Market Competitive Landscape
10.9.1. Singapore Pharmaceutical Market – Competition Analysis
10.9.2. Company profiles for Singapore Pharmaceutical Market
Haw Par Corporation Limited
Beacon Pharmaceuticals
GSK, Singapore
Major companies in Singapore Pharmaceutical Market
10.10. Singapore Pharmaceutical Market Future Outlook and Projections
10.10.1. Singapore Pharmaceuticals Market-Future Outlook and Projections, 2018-2022
10.10.2. Singapore Pharmaceutical Market-Future by Generic and Patented Drugs, 2017-2022
10.11. Singapore Vitamin and Dietary Supplements Market
10.11.1. Vitamin and Dietary Supplement Market Size, 2012-2017
10.11.2. Vitamin and Dietary Supplement Market: Competition Scenario
10.11.3. Pricing Scenario in Vitamins and Dietary Supplements Market
10.12. Snapshot for Singapore Animal Healthcare
10.13. Snapshot for Singapore Biopharmaceutical Market
10.14. Singapore Pharmaceutical Market – Analyst Recommendations
11. Singapore Contract Research Organization Market
11.1. Singapore Contract Research Organization Market – Executive Summary
11.2. Singapore Contract Research Organization Market: Overview and Market Size- 2013-2017
11.3. Singapore Contract Research Organization Market Segmentation
11.4. Singapore Contract Research Organization Market – Growth Drivers
11.5. Singapore Contract Research Organization Market – Government Regulations
11.5.1. Government Regulations for Clinical Trials of Therapeutic Products
11.5.2. Government Regulations for Clinical Trials of Medicinal Products
11.6. Value Chain in Contract Research Organization
11.6.1. Value Chain in Contract Research Organization: Challenges
11.7. CRO Market Competition Analysis
11.7.1. Singapore Clinical Research Institute (SCRI)
11.7.2. Competition Matrix for Major Players in Singapore CRO Market
11.8. Singapore CRO Market Future Outlook and Projections, 2018-2022
12. Singapore Pharmacy Retail Market
12.1. Singapore Pharmacy Retail Market – Executive Summary
12.2. Singapore Pharmacy Retail Market Size, 2012-2017
12.3. Singapore Pharmacy Retail Market: Key Stats
12.4. Singapore Pharmacy Retail Market Segmentation
12.5. Singapore Pharmacy Retail Market – Growth Drivers
12.6. Singapore Pharmacy Retail Market – Government Regulations
12.7. Singapore Pharmacy Retail Market – Competition Analysis
12.7.1. Company Profiles in Singapore Pharmacy Retail
Watsons Pharmacy
Guardian Pharmacy
Unity Pharmacy
12.8. Singapore Pharmacy Retail Market-Future Outlook and Projections, 2018-2022
12.9. Singapore Pharmacy Retail Market – Analyst Recommendations
13. Singapore Medical Device Market
13.1. Singapore Medical Device Market – Executive Summary
13.2. Singapore Medical Device Market – Market Overview and Size by Revenue, 2012-2017
13.3. Singapore Medical Device Market Segmentation
13.3.1. Singapore Medical Device Market – Segmentation by Type, 2013, 2015 and 2017
13.3.2. Singapore Medical Device Market – Segmentation by End User, 2016 and 2017
13.4. Singapore Medical Device Market – Growth Drivers
13.5. Innovations in Singapore Medical Device Market
13.6. Singapore Medical Device Market Government Regulations
13.7. Singapore Medical Device- Registration Process
13.8. Singapore Medical Device Market - Competitive Landscape
13.8.1. Company Profile: Biosensors International
13.8.2. Other Major Companies in Singapore Medical Device Market
13.9. Singapore Medical Device Market-Future Outlook and Projections, 2018-2022
13.9.1. Singapore Medical Device Market – Key Business Opportunities
13.9.2. Singapore Medical Device Market-Future Outlook and Projections by Type of Medical Device, 2022
13.10. Singapore Medical Device Market – Analyst Recommendations
14. Singapore Diagnostic Laboratory Market
14.1. Singapore Diagnostic Laboratory Market – Executive Summary
14.2. Singapore Diagnostic Laboratory Market Size
14.3. Singapore Diagnostic Laboratory Market Segmentation
14.4. Singapore Diagnostic Laboratory Market: Key Stats
14.5. Singapore Diagnostic Laboratory Market – Growth Drivers
14.6. Singapore Diagnostic Laboratory Market – Value Chain
14.7. Singapore Diagnostic Laboratory Market: Competition Parameters
14.7.1. National Healthcare Group Diagnostics (NHGD)
14.7.2. Asiamedic Limited (1/2)
14.7.3. Innovative Diagnostics
14.7.4. RadLink
14.7.5. Other Major Companies
14.8. Singapore Diagnostic Laboratory Market – Future Outlook and Projections, 2018-2022
14.9. Singapore Clinical Laboratory Market – Analyst Recommendation
15. Snapshot for Singapore Medical Tourism Market (1/2)
16. Snapshot for Singapore Healthcare IT (1/4)
17. Disclaimer
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