Summary

Singapore is widely recognised as a leading global healthcare hub, offering world-class medical facilities, cutting-edge technology, and a high standard of patient care. The country boasts highly skilled and internationally trained medical professionals, including doctors, surgeons, and specialists, who are renowned for their expertise and experience. Singapore's hospitals and medical centres are equipped with state-of-the-art medical equipment and infrastructure, providing a comprehensive range of medical treatments and procedures. The Singaporean government actively promotes medical tourism through initiatives such as the "SingaporeMedicine" brand, which aims to showcase the country's excellence in healthcare services. Many medical facilities are accredited by the Joint Commission International (JCI), a symbol of quality and patient safety in healthcare. Singapore is actively engaged in medical research and innovation, contributing to advancements in medical treatments, pharmaceuticals, and technology. Medical providers in Singapore are attuned to cultural sensitivities, offering halal food options, prayer facilities, and other accommodations for diverse patient needs. In Singapore, the inbound medical tourism in 2019 was more than 40,000. For instance, the Johns Hopkins Singapore International Medical Centre has remained a leading cancer centre in Singapore and the whole of Asia, with more than 1,400 new cancer patients visiting the centre from the Asia-Pacific and Middle East regions. A 2006 report showed that nearly 85 percent of all patients from the United Arab Emirates who visited the country for medical care did so at the Johns Hopkins Singapore International Medical Centre.

According to the research report "Singapore Inbound Medical Tourism Market Overview, 2028," published by Bonafide Research, the Singapore Inbound Medical Tourism Market is expected to grow at a rate of more than USD 2 Billion from 2023 to 2028. Singapore is renowned for its world-class medical facilities, including hospitals and clinics equipped with state-of-the-art technology, advanced medical equipment, and modern infrastructure. Singapore's multicultural environment ensures that medical facilities are adept at catering to the diverse cultural and linguistic needs of international patients. Medical tourists can enjoy a blend of healthcare and cultural experiences by exploring Singapore's diverse neighbourhoods, attractions, and cuisine during their recovery periods. Singapore remains a prominent destination for medical tourists, with ongoing investments in healthcare infrastructure, research, and innovation. Singapore is renowned for its state-of-the-art medical facilities, equipped with advanced technology, modern equipment, and cutting-edge medical infrastructure. These facilities provide a comprehensive range of medical treatments and procedures. Singapore is a hub for medical research and innovation, contributing to advancements in medical treatments, pharmaceuticals, and healthcare technology. Medical tourists seeking the latest and most effective treatments are drawn to Singapore's commitment to innovation. Furthermore, Singapore's strategic location in Southeast Asia and its well-connected Changi Airport make it easily accessible for patients from around the world, contributing to its attractiveness as a medical tourism destination.

Based on the treatment segment includes the Cancer Treatment / Oncology, Cosmetic Treatment, Dental Treatment, Cardiovascular Treatment, Bariatric Treatment, Orthopaedics Treatment / Spine Treatment, Fertility Treatment / IVF Treatments, Organ Transplant, Ophthalmology Treatment, Neurological Treatment, Alternative Treatment and Other. Among them, cardiovascular treatment has the highest market share Due to Singapore's high concentration of internationally renowned cardiac specialists, surgeons, and medical teams who are recognised for their expertise, experience, and successful outcomes in treating various cardiovascular conditions. The country's reputation for excellence in cardiovascular treatment has gained international recognition, attracting patients seeking the best possible care for heart-related conditions. Furthermore, the "Singapore Medicine" brand and active promotion by the government have positioned Singapore as a premier destination for cardiovascular treatment, encouraging international patients to choose the country for their medical needs. As well, the many patients who have undergone successful cardiovascular procedures in Singapore share their positive experiences and outcomes, contributing to the country's reputation and drawing more patients. Furthermore, cosmetic treatment is growing in Singapore; Singapore’s multicultural environment ensures that cosmetic clinics are well-prepared to cater to the diverse cultural and linguistic needs of international patients, enhancing their overall experience. Singapore's multicultural environment ensures that cosmetic clinics are well-prepared to cater to the diverse cultural and linguistic needs of international patients, enhancing their overall experience.

Based on the Service provider segment, which includes public and private service providers, the Public service providers will grow at the highest CAGR rate by 2028. Singapore's public healthcare system is known for its affordability and accessibility, making it an attractive option for medical tourists seeking cost-effective treatments without compromising on quality. Public hospitals in Singapore offer a wide range of specialised medical services, including complex surgeries, organ transplants, and specialised treatments. These services appeal to medical tourists seeking advanced and specialised care. The Singaporean government's focus on developing the healthcare sector, including public services, contributes to the growth and enhancement of medical facilities and services. This commitment attracts international patients seeking reliable and comprehensive medical care. Singapore's strategic location in Southeast Asia and its well-connected Changi Airport make it easily accessible for patients from neighbouring countries and beyond.

Best Places for Medical Tourism in Singapore:

• Orchard Road: This is one of the most popular places to stay in Singapore, with a bustling city vibe. While it is mainly known for shopping facilities, there are many hospitals in this region. For instance, Mount Elizabeth Hospital, Camden Medical Centre and Raffles Medical in this region.

• Downtown Core: This is another famous city in Singapore that is convenient for medical tourists. It is mainly known for the iconic Singapore Skyline. Some popular hospitals here include St Andrew's Mission Hospital, Woodlands Health Campus, Singapore General Hospital, Raffles Hospital, etc.

• Sentosa Island: This beautiful island is filled with stunning beaches and resorts. Apart from that, it offers access to healthcare services. Singapore General Hospital, Tan Tock Seng Hospital and National University Hospital (NUH) from this place.

• Chinatown: This city is known for its historical significance, attracting tourists annually. It has cheaper accommodation compared to the other cities. Moreover, it offers access to hospitals like Singapore General Hospital, St Andrew's Mission Hospital, etc.

Considered in this report

• Geography: Singapore
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Singapore Inbound Medical Tourism market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Treatment Type

• Cancer Treatment / Oncology
• Cosmetic Treatment
• Orthopedics Treatment / Spine Treatment
• Cardiovascular Treatment
• Fertility Treatment / IVF Treatments
• Neurological Treatment
• Organ Transplant
• Bariatric Treatment
• Dental Treatment
• Alternative Treatment (Acupuncture, Ayurveda, Homeopathy, Naturopathy, Chinese or Oriental medicine, Chiropractic and osteopathic medicine, Massage, Body movement therapies, Tai chi, Yoga, Dietary supplements, Herbal medicine, Nutrition/diet, Electromagnetic therapy, Reiki, Qigong, Meditation, Biofeedback, Hypnosis, Art, dance, and music, Visualization and guided imagery, etc.)
• Ophthalmology Treatment
• Other Treatments (Dermatological treatments, ENT (Ear, Nose, and Throat) treatments, Allergy and Immunology treatments, Sleep disorder treatments, Mental health and psychological treatments, Urology, diabetology, Proctology, Vascular Surgery, etc.)

By Service Providers

• Private
• Public

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Inbound Medical Tourism industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Table of Contents

Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Singapore Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. Singapore Inbound Medical Tourism Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Treatment Type
6.3. Market Size and Forecast By Service Providers
7. Singapore Inbound Medical Tourism Market Segmentations
7.1. Singapore Inbound Medical Tourism Market, By Treatment Type
7.1.1. Singapore Inbound Medical Tourism Market Size, By Cancer Treatment / Oncology, 2017-2028
7.1.2. Singapore Inbound Medical Tourism Market Size, By Cosmetic Treatment, 2017-2028
7.1.3. Singapore Inbound Medical Tourism Market Size, By Orthopedics Treatment / Spine Treatment, 2017-2028
7.1.4. Singapore Inbound Medical Tourism Market Size, By Cardiovascular Treatment, 2017-2028
7.1.5. Singapore Inbound Medical Tourism Market Size, By Fertility Treatment / IVF Treatments, 2017-2028
7.1.6. Singapore Inbound Medical Tourism Market Size, By Neurological Treatment, 2017-2028
7.1.7. Singapore Inbound Medical Tourism Market Size, By Organ Transplant, 2017-2028
7.1.8. Singapore Inbound Medical Tourism Market Size, By Bariatric Treatment, 2017-2028
7.1.9. Singapore Inbound Medical Tourism Market Size, By Dental Treatment, 2017-2028
7.1.10. Singapore Inbound Medical Tourism Market Size, By Alternative Treatment, 2017-2028
7.1.11. Singapore Inbound Medical Tourism Market Size, By Ophthalmology Treatments, 2017-2028
7.1.12. Singapore Inbound Medical Tourism Market Size, By Other Treatments, 2017-2028
7.2. Singapore Inbound Medical Tourism Market, By Service Providers
7.2.1. Singapore Inbound Medical Tourism Market Size, By Private, 2017-2028
7.2.2. Singapore Inbound Medical Tourism Market Size, By Public, 2017-2028
8. Singapore Inbound Medical Tourism Market Opportunity Assessment
8.1. By Treatment Type, 2023 to 2028
8.2. By Service Providers, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures
Figure 1: Singapore Inbound Medical Tourism Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 2: Market Attractiveness Index, By Treatment Type
Figure 3: Market Attractiveness Index, By Service Providers
Figure 4: Porter's Five Forces of Singapore Inbound Medical Tourism Market

List of Table
Table 1 : Influencing Factors for Global Inbound Medical Tourism Market, 2022
Table 2: Singapore Inbound Medical Tourism Market Size and Forecast By Treatment Type (2017, 2022 & 2028F)
Table 3: Singapore Inbound Medical Tourism Market Size and Forecast By Service Providers (2017, 2022 & 2028F)
Table 4: Singapore Inbound Medical Tourism Market Size of Cancer Treatment / Oncology (2017 to 2028) in USD Billion
Table 5: Singapore Inbound Medical Tourism Market Size of Cosmetic Treatment (2017 to 2028) in USD Billion
Table 6: Singapore Inbound Medical Tourism Market Size of Orthopedics Treatment / Spine Treatment (2017 to 2028) in USD Billion
Table 7: Singapore Inbound Medical Tourism Market Size of Cardiovascular Treatment (2017 to 2028) in USD Billion
Table 8: Singapore Inbound Medical Tourism Market Size of Fertility Treatment / IVF Treatments (2017 to 2028) in USD Billion
Table 9: Singapore Inbound Medical Tourism Market Size of Neurological Treatment (2017 to 2028) in USD Billion
Table 10: Singapore Inbound Medical Tourism Market Size of Organ Transplant (2017 to 2028) in USD Billion
Table 11: Singapore Inbound Medical Tourism Market Size of Bariatric Treatment (2017 to 2028) in USD Billion
Table 12: Singapore Inbound Medical Tourism Market Size of Dental Treatment (2017 to 2028) in USD Billion
Table 13: Singapore Inbound Medical Tourism Market Size of Alternative Treatment (2017 to 2028) in USD Billion
Table 14: Singapore Inbound Medical Tourism Market Size of Ophthalmology Treatments (2017 to 2028) in USD Billion
Table 15: Singapore Inbound Medical Tourism Market Size of Other Treatments (2017 to 2028) in USD Billion
Table 16: Singapore Inbound Medical Tourism Market Size of Private (2017 to 2028) in USD Billion
Table 17: Singapore Inbound Medical Tourism Market Size of Public (2017 to 2028) in USD Billion