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Singapore Healthcare Industry Report - 2016

Singapore Healthcare Industry Report - 2016

This report profiles Singapore’s healthcare industry, discussing market trends through 2014 and mid-2015, with outlook for the remainder of 2015 and beyond. The report also highlights leading players in the sector including Raffles Medical Group Limited, Health Management International Limited, and TalkMed Group Limited.

Singapore has successfully established a strong healthcare infrastructure ranked amongst the best in the world. The country has provided universal health coverage to its citizens with multiple tiers of healthcare. Singapore has focused heavily on public health, including basic sanitation, compulsory inoculation and mass education. It also has a good balance of healthcare expenditure with government, individuals and insurance companies sharing the burden.

However, the country has its own challenges. Ageing population requires increased spending on healthcare. Also, affluent lifestyle has led to prevalence of diseases like obesity and diabetes which has increased the disease burden for the country. To counter this, healthcare providers in Singapore are constantly strengthening their capabilities through research and innovation in medical technology. Equipped with qualified doctors, internationally-accredited hospitals and specialty centers, Singapore has emerged as a medical travel hub in the region.

Key Points:

Singapore’s annual government health expenditure grew at a CAGR of 17.5% during 2006-2014.

Government expenditure on health was at around 1.9% of Singapore’s GDP. Healthcare also accounted for 11.9% of the total government expenditure as of FY14.

Over the last few years, the Singaporean healthcare industry has taken great strides. The annual government health expenditure grew at a CAGR of 17.5% during 2006-14. It grew by 23% y/y in FY14.

1. Industry Profile
1.1 Sector overview
1.2 Sector size
1.3 Competitive landscape
1.4 Environmental scanning

2. Market Trends and Outlook
2.1 Key economic indicators-Singapore
2.2 Health status indicators
2.3 Health facilities
2.4 Health manpower
2.5 Market outlook

3. Leading Players and Comparative Matrix
3.1 Leading players
3.1.1 Raffles Medical Group Limited (RMG)
3.1.2 Health Management International Limited (HMI)
3.1.3 TalkMed Group Limited (TKMED)
3.2 Comparative matrix
3.3 SWOT analysis

4. Tables and Charts
Table 1: World health financing statistics
Table 2: Key financial ratios of leading players

Chart 1: Government health expenditure-Annual
Chart 2: Total health expenditure-Annual
Chart 3: Government health expenditure ratios in Singapore
Chart 4: Constituent parties in parliament
Chart 5: Per capita expenditure on health-Annual
Chart 6: Singapore quarterly GDP growth rate at 2010 market prices-Y/Y change
Chart 7: Quarterly exports from Singapore
Chart 8: Annual trade balance of Singapore
Chart 9: Annual fiscal balance of Singapore government
Chart 10: USD/SGD exchange rates-Monthly average
Chart 11: Core inflation in Singapore
Chart 12: Child mortality rate (under 5 Years) per 1000 live births
Chart 13: Maternal mortality rate per 100,000 live births and stillbirths
Chart 14: Infant mortality rate (Under 1 Year) per 1000 live births
Chart 15: Number of new cases of HIV AIDS reported in Singapore
Chart 16: Singapore-birth rate (per 1000 inhabitants)
Chart 17: Life expectancy at birth (In years)
Chart 18: Number of hospital admissions
Chart 19: Major causes of death in Singapore
Chart 20: Health facilities in Singapore
Chart 21: Number of hospital beds
Chart 22: Total number of doctors
Chart 23: Total number of nurses/midwives
Chart 24: Segment wise revenues of RMG (FY14)
Chart 25: Total revenues of RMG
Chart 26: Profit margins of RMG
Chart 27: Business segment wise revenues of HMI (FY14)
Chart 28: Total revenues of HMI
Chart 29: Profit margins of HMI
Chart 30: Business segment wise revenues of TKMED (FY14)
Chart 31: Total revenues of TKMED
Chart 32: Net profit margin of TKMED

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