Medical tourism growth in Singapore slows down due to stiff competition from Malaysian market

Published on : Tuesday, June 27, 2017

medical-tourismMedical tourism growth in Singapore is expected to slow down in the middle of stiffer regional competition, especially from the Malaysian healthcare market. This is projected in a decline in growth of foreign patient numbers. This, in turn, is expected to take a toll on growth in revenue.

Foreigners made up 40 per cent of healthcare provider IHH Healthcare’s business in Singapore in 2013, but this fell to 30 per cent last year. Its quarterly revenue growth in the same period has also declined from an average of 5 per cent year on year between 2013 and 2014, to between 1 per cent and 2 per cent year on year from 2015 to last year.

Patients are flocking to Malaysia due to factors such as improvements in infrastructure and service quality, as well as the relatively lower hospital bills.

A report earlier this month said that Singapore is the second-priciest medical tourism destination in the world, and the most expensive in Asia.


Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM Latin America 2018
  • 03 IMEX 2018
  • 03 wtm-africa18
  • 05 itb-china 2018
  • 05 KITF 2018
  • 06 jharkhandtravelmart 2018
  • 07 Digital-Travel-2018
  • 08 ShanghaiWTF 18
  • 09 The hotel shows audiarabia 18
  • 10 hotelfair 2018
  • 11 Digital Travel 2018
  • 11 Hotelex-Shanghai 18
  • 13 aitf 2018
  • 30 PATA


Get our toolbar!
Review on