Healthcare Sector

An Expert's View about Human Health Services in Singapore

Posted on: 24 Oct 2012

WHO ranked Singapore's health system, the sixth most effective system in the world and the best in Asia in 2000.

Healthcare Sector in Singapore Singapore’s medical standards are among the highest in Asia and it is widely acknowledged as a regional centre for medical excellence. WHO ranked it the sixth most effective system in the world and the best in Asia in 2000. Singapore has the second lowest infant mortality in the world and the ninth highest life expectancy (Lancet). Its quality of healthcare, especially in high end specialities and surgical procedures, continue to attract medical travellers from South East Asia, North Asia and Europe, towards its target of 1 million by 2012.Private hospitals which had double digit growth in international patients in 2011, continue to expand with new hospitals and medical centres. Market overview Singapore’s clinicians are viewed as Key Opinion Leaders in South East Asia, and are encourged to undertake more research to spur the Government’s translational medicine efforts. The government encourages personal responsibility through a system of co-payment for healthcare services. Healthcare spend is 3.7% of the GDP, which is set to rise with the growth in ageing population. A quarter of Singaporeans will be over 65 years by 2030. The aim is to continue to provide quality medical care, while maintaining costs and Singapore’s edge as the leading provider of high technology medicine in the region. Singapore’s Biomedical Sciences (BMS) sector, jointly driven by the Agency of Science, Technology and Research, Economic Development Board and the Ministry of Health, has had consideratble investment since 2000. It continues to expand, with activities ranging across R&D, clinical trials, and commercialisation, supported by high level of IP protection and industry standards. The BMS Industry Partnership Office serves as a single point of contact for industry to carry out R&D projects requiring the capabilities of multiple Singapore agencies, such as research institutes and hospitals. Key opportunities The Healthcare 2020 Masterplan has three strategic objectives – enhancing accessibility, quality and affordability of healthcare for Singaporeans, to be achieved by: ξ Expansion of healthcare infrastructure – with two new general hospitals and four new community hospitals, resulting in additional 3,700 hospitals beds: 1,900 acute hospital beds and 1,800 community hospital beds, by 2020. ξ Expansion of primary specialist outpatient capacity by 2013. In addition, new private medical centres are under development. Other ongoing initiatives include: ξ Upgrading of primary care ξ Strengthening Intermediate and Long Term Care (ILTC) infrastructure ξ Enhancing mental health infrastructure ξ Healthcare training and professional development ξ National Electronic Healthcare Records system ξ Research and public healthcare initiatives ξ Third medical school, a jv with Imperial College Under Budget 2012, around £2.35 billion was allocated for healthcare expenditure, a rise of 17.8% over 2011. Annual healthcare expenditure is expected to double to £4 billion over the next 5 years as the government boosts capacity in the public sector and makes long term care affordable. £250 million is set aside to develop comprehensive community care infrastructure for the elderly by 2016. This will comprise 100 facilities including 10 nursing homes and senior care and activity centres across the island, MOH plans to have another 20-25 nursing homes with 6,600 beds by 2020. The private sector, with 30-40% of its patient base from overseas, is also enhancing capabilities to strengthen Singapore’s medical ξ offer.. Two new hospitals opened in 2012, with another slated for 2013, and £50 million expansion by another.Use bullet points to emphasise Latest export opportunities – Healthcare & Medical Latest export opportunities – Singapore Getting into the market All medical devices must be registered with the Health Sciences Authority of Singapore:, before trial or sale. Public procurement is undertaken through, as well as through group purchasing by the public healthcare clusters for the most commonly used items for government hospitals. Individual hospitals also purchase directly. As technical support and after sales service is vital, UK companies are advised to work through distributors to address the wide ranging opportunities. Singapore companies also have links to the wider South East Asian region, and can access those markets for UK companies. More about doing business in Singapore Contacts Market intelligence is critical when doing business overseas, and UKTI can provide bespoke market research and support during overseas visits though our chargeable Overseas Market Introduction Service (OMIS). To commission research or for general advice about the market, get in touch with our specialists in country - or contact your local international trade team. ξ Valsa Panicker, British High Commission Singapore Tel: +65 64244 311 or Email: ξ Amanda Leong, British High Commission Singapore Tel: +65 64244 307 or Email: Contact your local international trade team Events UKTI runs a range of events for exporters, including seminars in the UK, trade missions to overseas markets and support for attendance at overseas trade shows. Medical Fair Asia Date: 12 – 14 September 2012 Website: Medical Manufacturing Asia Date: 12 -14 September 2012 Website: IDEM Singapore Date: 2 – 4 April 2014 Website: Latest events – Healthcare & Medical Useful links More about OMIS and other UKTI services for exporters
Posted: 24 October 2012

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