Singapore Medical Tourism Hub

This paper will focus on the potential impact medical tourism has on singaporean citizens and its tax paying residents.

Singapore medical tourism hub. A regional medical tourism hub october 1st 2014 singapore provision. Cancer treatment is a top speciality there. Singapore as the worlds medical tourism hub tourism is one of the largest and fastest growing industries of singapore.

Inbound patients are critical to keeping specialists employed in a nation of only 53 million. A regional medical tourism hub. On the other hand rising costs and intense competition from regional rivals are eroding singapores appeals as a medical tourism hub.

For several years singapores location at the heart of south east asia and. Singapore while expensive has one of the most sophisticated hospital systems in the world. Through aggressive regional and international promotion singapore welcomes around 550000 medical tourists annually mostly from nearby indonesia philippines australia although increasingly from north america and the eu.

Singapore and medical tourism. Lower costs and the growing availability of quality care in. The strong public private healthcare system a large pool of skilled labour and favourable business environment mean that singapore has become one of the most popular destinations for medical services in the world.

Singapores medical devices industry is currently aiming to hit sg 5 billion in manufacturing output. Singapores status as one of the worlds freest economies as well as a highly developed nation has made it a medical tourism hub for both asians and westerners for years. The strong public private healthcare system a large pool of skilled labour and favourable business environment mean that singapore has become one of the most popular destinations for medical services in the world.

Singapore may still be among the regions top dogs when it comes to medical tourism but its neighbours are swiftly closing the gap. The singapore government is promoting the country as the worlds best medical tourism hub. What may shock some investors however is singapores involvement in the medical devices industry still a relatively young sector overall and its push to become one of the top medical technology hubs in asia.