Trends in Singapore Hospitals Industry-Ken Research

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Singapore Hospital Market Outlook to 2022-Ken
Research
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The report titled Singapore Hospital Market
Outlook to 2022 - 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 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, and Raffles
Medical Group. The report concludes with market
projection for future and analyst recommendations
highlighting the major opportunities and
cautions. Singapore Hospital Market
Overview 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.

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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 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.
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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 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, 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.
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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 (AE) 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 https//www.kenresearch.com/healthcare/gener
al-healthcare/singapore-hospital-market/149669-91.
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