Inpatient Profile Singapore, Singapore Hospital Revenue Streams-Ken Research

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Singapore Hospital Market is Expected to Reach
SGD 9.5 Billion by 2022 Ken Research
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Ken Research in its latest study, Singapore
Hospital Market Outlook to 2022 - by Public,
Private Hospital Not-for-Profit Hospital, by
Inpatient Outpatient, by Acute, Community
Psychiatry Hospitals, suggests that demand for
hospital services in the market will continue to
grow in Singapore owing to increased adoption of
healthcare IT systems and rising investment by
the public sector. The hospital market in
Singapore witness reorganization of public
healthcare system into three integrated clusters
to better meet Singaporeans future healthcare
need namely Central region (National Healthcare
Group (NHG) and Alexandra Health System (AHS),
Eastern region (Singapore Health Services
(SingHealth) and Eastern Health Alliance (EHA),
 Western region  (National University Health
System (NUHS) and Jurong Health Services
(JurongHealth)). The market growth rate declined
during 2012-2016 due to slowdown in medical
tourism due to rising competition from
neighboring countries such as Malaysia, Indonesia
and Thailand. The hospitals market is dominated
by public hospitals with major hospitals being
Singapore General Hospital, Changi general
Hospital, Khoo Teck Puat Hospital, and Tan Tock
Seng Hospital.
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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 which will 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 (AE) Block. The market
will witness rise in healthcare inflation.
Elderly healthcare costs in Singapore are
projected to rise tenfold over the next 15 years
to more than SDG 66 billion annually. Further,
rising competition in the industry may lead major
players to undertake mergers and acquisitions
which could drive the industry towards
consolidation. Further, there will be more
transparency in terms of pricing as MOH plans to
introduce benchmarks for fees charged by doctors
from 2018 which will majorly benefit foreign
patients to make more informed decision.
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Rising focus on high revenue intensity streams
which includes secondary care, tertiary care and
quaternary care and comprehensive health
screening programs to increase contribution from
outpatients coupled with elevating prevalence of
chronic and lifestyle diseases will propel
Singapore hospital market revenue in
future. Hospitals Covered Singapore General
Hospital KK Womens 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 For more
information on the research report, refer to
below link https//www.kenresearch.com/healthcare
/general-healthcare/singapore-hospital-market/1496
69-91.html
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1.html Contact UsKen ResearchAnkur Gupta,
Head Marketing CommunicationsSales_at_kenresearch.
com91-9015378249
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