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Industry Background
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Singapore’s world-class healthcare facilities drew more than 400,000 foreign patients in 2006. This demand is likely to grow, given better health awareness, longer lifespans and improving economic circumstances across the region. Singapore’s target is to grow the number of foreign patients to 1 million by the year 2012. The close partnership between Singapore’s healthcare providers and the numerous medical technology and pharmaceutical companies based here offers an optimal platform for companies who seek to make inroads into the growing healthcare and wellness markets in Asia Pacific. Delivering Innovative Healthcare Solutions Singapore has an established strong track record in scientific and clinical excellence. Leveraging on its base of public-sector research institutes and global industry partners, Singapore offers strategic partnership opportunities for healthcare service providers to test-bed and develop innovative healthcare solutions and systems.
Complete Spectrum of Services Singapore’s healthcare institutions - comprising public hospitals, private hospitals and specialty centres - provide a complete spectrum of clinical services from basic health screening to dental surgery and quaternary care.
Quality Healthcare Service Providers Major healthcare providers in the public sector include Singapore Health Services Pte Ltd and National Healthcare Group. In the private sector, healthcare groups include the Parkway Group, Raffles Medical Group and Pacific Healthcare. Healthcare institutions that have Regional Headquarters here include Johns Hopkins, Joint Commission International, IMS Health Asia and International SOS. Singapore also hosts the regional secretariats and offices for the World Organisation of Family Doctors (WONCA), the International Diabetes Federation (IDF) and the Healthcare Information and Management Systems Society (HIMSS).
Driving Healthcare Innovation Singapore is committed to driving innovation that addresses the rising costs and inefficiencies in healthcare systems worldwide. Indeed, as the city-state adopts an integrated-care approach to sustain its objective of providing good and affordable healthcare and to find ways to tackle the challenges of an ageing population, Singapore seeks to promote innovation that can achieve improved clinical outcomes and enable greater cost and operational efficiencies in the healthcare system. Significantly, Singapore is developing platforms such as ‘Hospital-of-the-Future’ and ‘Homecare-of-the-Future’ for healthcare service providers. These platforms allow healthcare players to develop and test new products and business models with companies from other industries such as IT systems, medical equipment, pharmaceuticals, nutrition and consumer lifestyle. Furthermore, Singapore has also established a strong foundation in basic biomedical sciences research and translational clinical research. This, plus the fact that the city-state is a microcosm of Asia, makes it an ideal base to design, develop, test-bed, and launch new healthcare solutions and systems for the regional and global markets. More Info
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| Last updated:30 April 2010 | ||
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