Singapore Medical and Dental Clinics Market Outlook to 2022 -
Led by Inorganic Expansion of Major Clinics and Expansion into More Specialized Services
Region:Asia
Product Code:KR661
June 2018
53
About the Report
Singapore Clinics Market Overview
Singapore clinics market inclined at a positive CAGR during 2013 to 2017. The market is at a growing stage with major clinic groups undertaking inorganic methods of expansion and widening their service portfolio. The demand for primary healthcare services has increased due to increase in ageing population and increasing chronic diseases prevalence. Diabetes, hypertension, hyperlipidaemia were the top chronic conditions treated at clinics during the review period. Clinics in Singapore provide primary healthcare services at subsidized rates under CHAS Scheme which includes primary medical treatment, preventive healthcare and health education
Singapore Clinic Market Segmentation
By Type of Clinic: Medical clinics have accounted for the largest share in the overall Singapore Clinics market revenue in 2017. This is majorly driven by organic and inorganic expansion of large players and adoption of asset light model. Other types of clinics include dental clinics.
By Region: Majority of the clinics are located in the central and north region of Singapore driven by high population, and greater connectivity with other parts of Singapore. Within this region Woodlands and Yishun have the most number of clinics offering dental and family medicine.
Singapore Clinics Market Competition Overview
The clinics market is dominated by private GP clinics which meet majority of the total primary care demand in Singapore. These range from solo practices to medium and large corporate groups. The market has witnessed a rise in number of mergers and acquisitions and major clinics have increased their specialized doctor personnel in order to enter into new medical segments. Leading clinics groups have adopted asset light model in order to attain higher growth rates. Major competition parameters include geographic presence, services offered, doctor personnel, facilities and price.
Singapore Clinics Market Future Potential
The clinics market in Singapore is expected to grow at a double digit CAGR during 2017 to 2022. The market will be driven by emergence of more specialized group which run on asset light model and rely heavily on growing number of doctors to leverage on economies of scale. This will further enhance cross selling opportunities within the group. Such developments will lead to consolidation. Further, the organic growth of the private healthcare sector is expected to improve in the coming years as major players shift focus to offering specialized services. Participation in electronic records system could become a licensing requirement for clinics. This will help in improving the quality of health care services
Key Topics Covered in the Report:
- Singapore Clinics Market Size, 2012-2017
- Singapore Clinics Market Segmentation (By Type Of Clinic And By Region)
- Growth Drivers in Singapore Clinics Market
- Issues and Challenges in Singapore Clinics Market
- Government Initiatives, Rules and Regulations in Singapore Clinics Market
- Singapore Clinics Market Competitive Landscape
- Singapore Clinics Future Outlook and Projections, 2018-2022
- Analyst Recommendations
Products
Companies
Table of Contents
1. Singapore Clinics Market - Executive Summary
2. Research methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Consolidated Research Approach
2.4. Market Sizing and Limitation - Clinics Market
2.5. Variables (Dependent and Independent)
2.6. Singapore Hospital Market Correlation Matrix
2.7. Singapore Hospital Market Regression Matrix
3. Singapore Healthcare Ecosystem
4. Singapore Clinics Market
4.1. Market Size, 2012-2017
4.2. Key Stats
5. Community Health Assist Scheme (CHAS)
6. Singapore Clinics Market Segmentation
6.1. By Type of Clinics, 2012-2017
6.2. By Region, 2017
7. What are the Growth Drivers in this sector?
8. Government Initiatives to drive Primary Healthcare
9. Comparative Landscape in Singapore Clinics Market
9.1. Competitive Scenario in Singapore Clinics Market
9.2. Company Profiles of Major Clinics in Singapore
9.2.1. Singapore Medical Group
9.2.2. Q & M Dental
9.2.3. ISEC Healthcare
9.2.4. TalkMed Group
9.2.5. Singapore O & G Limited
9.2.6. Healthway Medical Corporation Limited
9.2.7. HC Surgical Specialists Limited
9.2.8. Unity Denticare
10. Singapore Clinics Market Future Outlook, 2018-2022
10.1 By Market Size, 2018-2022
10.2. By Type of Clinic, 2018-2022
11. Singapore Clinics Market - Analyst Recommendations
12. Disclaimer
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