Singapore Hospital Market Outlook to 2022-Ken Research

The report titled “Singapore Hospital Market Outlook to by Public, Private Hospital & not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals” provides information on market size for Singapore hospital. The report covers aspects such as hospital market segment (by public, private & not-for-profit hospitals, by Inpatient & Outpatient and by Acute, Community & Psychiatry Hospitals), competitive landscape of major players in the Singapore hospital market 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. The report concludes with market projection for future and analyst recommendations highlighting the major opportunities and cautions.Singapore Hospital Market Outlook to by Public, Private Hospital & not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals Singapore Hospital Market Overview Singapore hospitals market increased at a declining rate during 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 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 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 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

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. For more information on the research report, refer to below link: hospital-market/ html Related Reports by Ken Research: arabia-healthcare-market-research-report/ html healthcare-market-report/ html

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