Singaporean Medical Tourism Market Explored by iGATE Research in Its New Study Now Available at MarketPublishers.com
11 Jun 2015 • by Natalie Aster
LONDON – Singapore is Asia’s top medical destination that offers patient-centric and internationally accredited care. Patients from across the globe come to Singapore each year for a diverse range of medical care, comprising health screenings and technology-intensive surgical procedures in specialties like neurology, cardiology, ophthalmology, oncology, orthopedics, organ transplants and paediatrics. However, in the recent past, Singapore has been finding it harder to retain its status as the region's number one medical tourism hub as patient’s view better value for money in such neighbouring countries as Malaysia, Thailand and India. The government has also diminished its support for medical tourism in the country over the last two years.
Considering the high cost of medical treatment and the Singapore dollar’s strength, Singapore is set to have a hard time maintaining its position as the dominant medical tourism hub in Southeastern Asia.
Indonesia is the leading source market for Singapore’s medical tourism, as all other nations’ combined market share is lower compared to that of Indonesia alone. Malaysia is coming in second by medical tourist arrivals in Singapore as of 2014. India and China are competing closely to capture a pie of the medical tourist arrivals to Singapore. Africa, Australia and the USA are the other popular source markets for Singapore’s medical tourism industry.
New market research publication “Singapore Medical Tourist Arrivals and Spending Forecast To 2020” drawn up by iGATE Research Pvt. Ltd. provides a comprehensive and insightful examination of the Singaporean medical tourism market space. It analyses the market from the two viewpoints, such as an analysis and forecast of Singapore’s medical tourist arrivals and the country’s medical tourism spending. Furthermore, the research study provides granular historical (2004-2014), actual and forecast (to 2020) data for medical tourist arrivals and spending in Singapore for the 16 countries.
Singapore Medical Tourist Arrivals and Spending Forecast To 2020
Published: June, 2015
Price: US$ 900.00
More new market studies can be found at iGATE Research page.