Singapore Hospital Market Outlook to 2022
by Public, Private Hospital & not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals
Region:Asia
Product Code:KR664
June 2018
128
About the Report
Singapore Hospital Market Overview
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. The growth slowdown was majorly due to slowdown in medical tourism. Backed by greater demand, major hospitals have invested in expansion strategies. For instance, IHH Healthcare witnessed positive growth in revenue due to ramp up of Mount Elizabeth Novena Hospital as the hospital added 30 beds. The market witnessed higher inpatient admissions, improvement in average revenue per inpatient admission due to higher complexity of medical conditions.
Market Segmentation
By Inpatient and Outpatient: Revenue from outpatients have accounted for the majority share in Singapore hospital market in 2017. Rest was generated from inpatient services. This was majorly due to shift in focus towards preventive healthcare services which augmented the revenues from outpatient services.
By Public, Private & not-for-Profit Hospitals: Most of the hospitals in Singapore are owned and managed by the public sector. Public hospitals have also accounted for the larger share of hospitals beds in Singapore in 2017. Rest of the hospitals are owned and managed by the private sector and not for profit organizations. Public & private hospitals offer specialized and integrated services whereas not-for-profit hospitals offer rehabilitative care, and palliative care services.
By Acute, Community & Psychiatric Hospitals: Acute hospitals have accounted for the majority share in the number of hospitals and number of beds in 2017. Rest of the hospitals comprise of community and psychiatric hospitals.
Competition Overview
The hospitals in Singapore are controlled by the public sector, private sector and not-for-profit organizations. Private hospitals come under high value, low volume category (high fees, lower occupancy) whereas public hospitals come under high volume, low value category (low fees, higher occupancy). Public hospitals are more dedicated towards serving mass population whereas private hospitals are more inclined towards affluent class and medical tourists. Major hospitals include including Singapore General Hospital, KK Women's and Children Hospital, Bright Vision Hospital, Changi general hospital, Raffles Medical group, Tan Tock Seng Hospital, Institute of Mental Health, Yishun Community Hospital, Khoo Teck Puat Hospital, IHH healthcare Berhad, and Raffles Medical Group. Major competition parameters for private hospitals are facilities, number of beds, number of hospitals, fees, quality of doctors/medical practitioners and specialization.
Future Potential
The hospitals market in Singapore is expected to grow at a positive CAGR during 2017-2022. Singapore hospitals market will be driven by organic expansion of both public and private hospitals and increased government initiatives in the healthcare sector to provide better care to the geriatric population. For instance, Tan Tock Seng Hospital will open new 300 bed infectious disease hospital by 2018 act as a containment facility in the event of an outbreak similar to the severe acute respiratory syndrome (Sars). Further, the government has revealed expansion plans for Singapore General Hospital which includes opening of Outram Community Hospital by 2020, National Cancer Centre Singapore (NCCS) by 2040, expansion of SGH Accident & Emergency (A&E) Block. Further, rising competition in the industry may lead major players to undertake mergers and acquisitions which could drive the industry towards consolidation
Key Topics Covered in the Report:
- Singapore Hospitals Market Size, 2012-2017
- Singapore Hospitals Market Segmentation (by Public, Private Hospital & Not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals)
- Business Model for Singapore Hospital Market
- Trends and Developments in Singapore Hospital Market
- Issues and Challenges in Singapore Hospital Market
- Government Initiatives, Rules and Regulations in Singapore Hospital Market
- Singapore Hospitals Market Competitive Landscape
- Singapore Hospital Future Outlook and Projections, 2018-2022
- Analyst Recommendations
Products
General Hospital, Multi-Specialty Hospital, Super Specialty Hospital, Children Hospital, Eye Hospital, Mental Hospital, Private Hospital, Public Hospital, Inpatient Revenue, Outpatient Revenue
Companies
Table of Contents
1. Research Methodology
1.1. Market Definitions
1.2. Abbreviations
1.3. Consolidated Research Approach
1.4. Market Sizing and Limitation
1.5. Variables (Dependent and Independent)
1.6. Singapore Hospital Market Correlation Matrix
1.7. Singapore Hospital Market Regression Matrix
2. Singapore Hospital Market – Executive Summary
3. Singapore Healthcare Ecosystem
4. Singapore Healthcare System
5. Singapore Healthcare Key Metrics
6. Comparative Analysis with Other Asian Countries
7. Regulatory Bodies in Singapore Healthcare System
8. Singapore Hospital market
8.1. Overview and Market Nature
8.2. Market Size, 2012-2017
9. National Health Insurance Scheme, Singapore: Medishield Life
10. Reorganization of Public Healthcare System
11. Hospitalization Cost in Singapore
12. Singapore Hospital Market Segmentation
12.1. Singapore Hospital Market Segmentation by Inpatient and Outpatient, 2012-2017
12.2. Singapore Hospital Market Segmentation by Type of Hospital, 2012-2016 (1/3)
12.3. Singapore Hospital Market Segmentation by Public, Private and Not-for-Profit Hospital, 2012-2017 (1/4)
13. Singapore Hospital Market: Inpatient Profile
14. Hospital Admission Rate, 2016
15. Singapore Hospital Market: Business Model
16. Singapore Hospitals Market - Growth Drivers
17. Singapore Hospitals Market – Restraints
18. Major Hospital Projects in Singapore
19. Competitive Landscape in Singapore Hospitals Market
19.1. Competitive Landscape in Singapore Hospitals Market
19.2. Singapore Hospital Market – Comparative Analysis of Major Hospitals
19.3.1. Company Profile: SingHealth Group
19.3.2. Company Profile: Changi General Hospital
19.3.3. Company Profile: National Healthcare Group (NHG)
19.3.4. Company Profile: Alexandra Health System
19.3.5. Company Profile: IHH Healthcare Berhad
19.3.6. Company Profile: Raffles Medical Group (RMG)
20. Singapore Hospitals Market: Future Outlook and Projections
20.1. Singapore Hospitals Market-Future Outlook and Projections, 2018-2022
20.2. Major Upcoming Hospital Projects in Singapore
20.3. Singapore Hospitals Market-Future by Type of Hospital, 2018-2022
21. Singapore Hospital Market – Analyst Recommendations
22. Disclaimer
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