Oct 22, 2018   SOURCE: PR NewsWire

Singapore Hospital Market 2012-2017 & 2018-2022

DUBLIN, Oct. 22, 2018 /PRNewswire/ --

The "Singapore Hospital Market Outlook to 2022 - by Public, Private Hospital & not-for-Profit Hospital, by Inpatient & Outpatient, by Acute, Community & Psychiatry Hospitals" report has been added to ResearchAndMarkets.com's offering.

https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

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.

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, Farrer Park, 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

Companies Mentioned 

    --  Bright Vision Hospital
    --  Changi general hospital
    --  IHH healthcare Berhad
    --  Institute of Mental Health
    --  Khoo Teck Puat Hospital
    --  KK Women's and Children Hospital
    --  Raffles Medical Group
    --  Raffles Medical group
    --  Singapore General Hospital
    --  Tan Tock Seng Hospital
    --  Yishun Community Hospital

For more information about this report visit https://www.researchandmarkets.com/research/j4hjjm/singapore?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/singapore-hospital-market-2012-2017--2018-2022-300734487.html

SOURCE Research and Markets