Report Description

Singapore medical tourism market is expected to grow at a steady CAGR in the forecast period. Singapore boasts of one of the best healthcare infrastructures across the globe and provides quality treatment to patients equipped with healthcare professionals and advanced medical equipment. Healthcare services are generally provided by public hospitals at affordable rates. The growing population around the globe and the rise in the geriatric population who are more prone to getting affected with several diseases is expected to create lucrative opportunities for the medical tourism market growth. There is high demand for treatment services in medical tourism for diseases including cosmetic surgery, heart surgery, dentistry, reproduction-related problems, weight loss treatments, terminal diseases such as cancer, amongst others. International medical patients prefer to visit Singapore for the whole range of medical care from health screenings to expensive medical treatments as it is a medically advanced country. Initiatives are taken by the medical healthcare facilities in Singapore to attract patients such as at some hospitals, patients can view the medical records through the help of an online channel, order meals, and shop online with the facility to deliver the products to the location of patient choice.

Singapore medical tourism market is segmented into type, services, regional distribution, and company. Based on the services, the market can be divided into orthopedic surgery, cardiac surgery, cancer treatment, neurology & neurosurgery, cosmetic surgery, and others. The cancer treatment segment is expected to account for the major medical tourism market in the forecast period, 2022-2026. The increasing prevalence of cancer around the world and requires treatment for a long duration. The growing need for quality and efficient treatment and unavailability of quality treatment services in some countries is attracting patients to avail medical tourism facility is expected to fuel the market growth in the next five years.

The major players operating in the Singapore medical tourism market are Mount Elizabeth Hospital, National University Hospital, Raffles Hospital (Raffles Medical Group), National Cancer Centre, National Heart Centre Singapore, National Dental Centre, Singapore General Hospital, Changi General Hospital, Gleneagles Hospital, National Skin Centre, Johns Hopkins Singapore International Medical Centre, Tan Tock Seng Hospital, Farrer Park Hospital, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze the historical growth of the market size of Singapore medical tourism market from 2016 to 2019.
  • To estimate and forecast the market size of Singapore medical tourism market from 2020 to 2026 and growth rate until 2026.
  • To classify and forecast Singapore medical tourism market based on type, services, regional distribution, and company.
  • To identify dominant region or segment in the Singapore medical tourism.
  • To identify drivers and challenges for Singapore medical tourism.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Singapore medical tourism.
  • To identify and analyze the profile of leading players operating in Singapore medical tourism.
  • To identify key sustainable strategies adopted by market players in Singapore medical tourism market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of Singapore medical tourism market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Medical Tourism service providers, hospitals, end users, and other stakeholders
  • Market research and consulting firms
  • Healthcare centers, distributers and suppliers of the services and other stakeholders
  • Organizations, forums, and alliances related to medical tourism market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Singapore medical tourism market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Singapore Medical Tourism Market, By Type:

    • Inbound
    • Outbound
  • Singapore Medical Tourism Market, By Services:
    • Orthopedic Surgery
    • Cardiac Surgery
    • Cancer Treatment
    • Neurology & Neurosurgery
    • Cosmetic Surgery
    • Others
  • Singapore Medical Tourism Market, By Region:

o   Central & East Region

o   West Region

o   North Region

o   North-East Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Singapore medical tourism market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Singapore medical tourism market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Singapore Medical Tourism Market

4.    Executive Summary

5.    Voice of Customer

6.    Singapore Medical Tourism Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Type (Inbound v/s Outbound)

6.2.2. By Services (Orthopedic Surgery, Cardiac Surgery, Cancer Treatment, Neurology & Neurosurgery, Cosmetic Surgery, Others)

6.2.3. By Region (Central & East Region, West Region, North Region, North-East Region)

6.2.4. By Company (2020)

6.3.  Product Market Map

7.    Singapore Inbound Medical Tourism Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Services

8.    Singapore Outbound Medical Tourism Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Services

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Pricing Analysis of Different Treatment Options

13.  Singapore Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles (Inclusive of SWOT Analysis)

14.2.1.   Mount Elizabeth Hospital

14.2.2.   National University Hospital

14.2.3.   Raffles Hospital (Raffles Medical Group)

14.2.4.   National Cancer Centre

14.2.5.   National Heart Centre Singapore

14.2.6.   National Dental Centre

14.2.7.   Singapore General Hospital

14.2.8.   Changi General Hospital

14.2.9.   Gleneagles Hospital

14.2.10. National Skin Centre

14.2.11. Johns Hopkins Singapore International Medical Centre

14.2.12. Tan Tock Seng Hospital

14.2.13. Farrer Park Hospital

15.  Strategic Recommendations

16.  About us & Disclaimer

Figures and Tables

Frequently asked questions






Sakshi Bajaal

Business Consultant
Press Release

Singapore Medical Tourism Market to Grow at a Steady Rate through 2026

Sep, 2021

Rising demand for quality healthcare services and growing disposable income among the population is expected to drive the demand for Singapore medical tourism market in forecast period.