Healthcare Opportunities

An Expert's View about Medical, Health and Cosmetics Products in Singapore

Last updated: 21 Aug 2011

Singapore’s world class healthcare system, spanning both public and private healthcare services, was ranked the sixth most effective system in the world and the best in Asia by WHO in 2000.

Sector briefing Healthcare Opportunities in Singapore Why Singapore? Singapore?s world class healthcare system, spanning both public and private healthcare services, was ranked the sixth most effective system in the world and the best in Asia by WHO in 2000. Its medical standards are among the highest in Asia and it is widely acknowledged as a regional centre for medical excellence. Healthcare services, along with medical technology, biotechnology and pharmaceuticals, comprise Singapore?s Biomedical Sciences Sector, which is now the Singapore?s medical second largest manufacturing component of standards are among the the economy. The ongoing investment by both highest in Asia and it is widely the public and private sectors offers a myriad acknowledged as a regional of opportunities to participate in this dynamic centre for medical excellence. industry?s growth. Find general information on the Singapore market conditions on UKTI?s website. The Doing Business Guide for Singapore gives an overview of Singapore?s economy, business culture, potential opportunities and an introduction to other relevant issues. UK Trade & Investment Sector briefing: Healthcare opportunities in Singapore community on healthcare activities, and (7) Opportunities Keep healthcare services affordable. Healthcare in Singapore is offered by both the Under the 2011 Budget, £3.5 billion was public and private sectors, with the former allocated for a range of healthcare measures: providing 20% of primary care and 80% of tertiary care, and the latter providing the rest. ? Upgrading of five polyclinics over 5 Healthcare spend is 3.7% of the GDP, which is years at a cost of £25 million and to set to rise with the growth in ageing build a new polyclinic. population. The government?s aim is to ? New Hospital in the north east, with a continue to provide quality medical care, while community hospital by 2020. maintaining costs and Singapore?s edge as the ? £60 million for Health Promotion Board, leading provider of high technology medicine in to promote a healthy lifestyle, up from the region. £56 million in 2010. ? New institute to teach and do research Some key opportunity areas are: in geriatric care ? £100 million for charities and VWOs that Ministry of Health priorities run nursing homes, community hospital and other community care services (up MOH?s five priority programmes are: to by 50%). improve the health of the elderly; ? Top priority for the next 5 ? 10 years is strengthening the management of the main to build up better long term care, with killer diseases; enhancing child health services; more and better quality community improving mental health care; and health hospitals, nursing homes and home promotion and disease prevention. healthcare. Under the 2009 Budget, £2 billion was New technology and solutions committed over 5 years to expand the healthcare infrastructure to include: Singapore is committed to promoting innovation to achieve improved patient care ? Development of new hospitals, medical and clinical outcomes, along with improved centres, labs and redevelopment of cost and operational efficiencies. New methods older hospitals of medical treatment are constantly being ? New community hospitals and nursing tested and introduced, and the universities, homes. hospitals and the industry collaborate to ? Boosting capabilities in treating chronic research and develop new medical devices and and age-related diseases solutions. Translational medicine from the ? Training healthcare professionals bench to the bedside and better integration ? Enhancing capabilities for long-term across agencies, disciplines and industry for care (rehabilitation, home care and better economic outcomes is the current focus palliative services) of Singapore?s Biomedical Sciences initiative. ? An electronic health records system accessible across hospitals and Information Technology polyclinics, and eventually to the community care sector. There is increasing use of IT in training, ? Research and public health initiatives. administration and service provision. Both large and small hospitals are exploring full A £60 million fund was announced in December computerisation of the patient data records and 2010, to rebuild 6 nursing homes that would be link up of all activities from admission to the model for the 60 or so current nursing discharge. A national electronic health record homes. system was launched in 2010 with comprehensive coverage by 2014, for patients In April 2011, MOH announced its plans for the to move seamlessly from their polyclinics or next 5 years as (1) Build a general hospital in GPs to public, private or community hospitals. every region, (2) Match the best in the world in health outcomes, (3) Redevelop polyclinics, Singapore is also exploring RFID technology (4) Transform long term care, (5) Get and telemedicine, and is enhancing its position Singaporeans to stay healthy, (6) Involve the as a teleradiology hub. UK Trade & Investment Sector briefing: Healthcare opportunities in Singapore Care of the Elderly Singapore?s third medical school, a joint venture between Nanyang Technological th Singapore will have the world?s 4 oldest University (NTU) and Imperial College London, population by 2050. The Government?s policy to leverage on their strengths in engineering is to encourage family and home based care and science, will open by 2013. The Lee Kong over institutionalised care, with access to Chian School of Medicine will be patient centric, community based services, for the estimated training doctors to provide holistic care, using 800,000 elderly Singaporeans by 2030. The technology to enhance comfort and aim is to reduce the burden on acute care convenience for patients. hospitals and build community hospitals and nursing homes around three regional hospitals New Hospitals to provide high quality, low cost ?step down care facilities? for non-acute medical care and Singapore?s healthcare infrastructure is rehabilitation services. continually enhanced to cater to changing demographics and healthcare needs. A new Measures to provide a seamless, integrated hospital in the north, the £250 million, 550- long term care infrastructure for the rapidly bedded Khoo Teck Puat Hospital was opened in ageing population include home aids, transport 2010. A second 700 bedded multi-disciplinary services, community care, home modification, hospital in the west, the Ng Teng Fong Hospital and comprehensive training of health care will be operational in 2014. A new general workers. hospital in the north east is targeted for 2018. Further expansion of the National University Mental Health Hospital and its speciality centres are in progress. In addition, there is re-development £44 million was allocated in 2007 to build of existing hospitals and speciality centres, and Singapore into a mentally resilient society, to new community hospitals and nursing homes build community based capabilities and for comprehensive step down care. networks, to develop multi-disciplinary programmes to detect and treat mental health In the private sector, there are two new state problems early, and reintegrate and of the art hospitals under development to cater rehabilitate mental health patients into the to the growing medical travel market, as well community. as a new cancer centre. A further £17.5 million was set aside in 2009 to strengthen capabilities and for customised Medical Tourism programmes for different age groups. Singapore has traditionally attracted regional Education and Training patients for the quality of its healthcare infrastructure, its clinical excellence and cutting In view of the ongoing shortage of healthcare edge medical technology. Doctors in Singapore professionals, training and skills upgrading is have developed capabilities in complex high priority to maintain the quality and procedures such as organ transplant, assisted standards of healthcare delivery. reproduction, limb reattachment, separation of conjoined twins, stem cell therapies and the New Medical University world?s first umbilical cord transplant, among others. Many of its clinicians are key opinion Singapore?s second medical university, the leaders in the region. Duke-NUS Medical School, a joint venture between Duke University, USA, and the In addition, patients can access innovative National University of Singapore, was opened treatments from the progressive clinical research in 2009. Located at the Outram campus which taking place in Singapore. This is facilitated by houses various hospitals and specialist centres, Singapore?s growing status as a centre for its 5 year course is very research led, to biomedical research, clinical trials and new drug produce clinician-scientists. The Outram and medical devices development, with several Campus Master Plan also includes plans for international pharmaceutical and medical schools for nurses, and other professionals technology companies setting up their such as physiotherapists. manufacturing and R&D bases here. UK Trade & Investment Sector briefing: Healthcare opportunities in Singapore Renowned medical institution, John Hopkins operates a medical centre in Singapore, its first outside USA. Singapore received around 680,000 foreign patients in 2009. The target is to attract one million patients by 2012, while continuing to invest in its healthcare infrastructure, patient experience, clinical excellence, medical technology, skills upgrading and training. UK Trade & Investment Sector briefing: Healthcare opportunities in Singapore Major events and activities UKTI contacts Medical Fair Asia Exhibition Ms Valsa Panicker Contact: Robert Kipps Senior Trade & Investment Attache Email: Robert.Kipps@ukti.gsi.gov.uk British High Commission Singapore Time: September 2012 Tel: (65) 64244 200 Email: Valsa.Panicker@fco.gov.uk Find full details of all events in this www.ukti.gov.uk country and sector on the UKTI website. New export events are added daily to the site Ms Sarah Croft and you can register to be alerted to them on a First Secretary daily, weekly or monthly basis British High Commission Singapore Tel: (65) 64244 200 UKTI?s Tradeshow Access Programme (TAP) Email: Sarah.Croft@fco.gov.uk provides grant support for eligible Small & www.ukti.gov.uk Medium Sized Enterprises (SME's) to attend trade shows overseas. Find out more about UKTI support for attendance at overseas events If you have any questions on the opportunities above, contact the UKTI contacts named in this report. Business opportunities aimed specifically at UK companies are added daily to UKTI?s website. These leads are sourced by our staff overseas in British Embassies, High Commissions and Consulates, across all sectors and in over 100 markets. You can be alerted to business opportunities on a regular basis by registering on the UKTI website. Find out more on UKTI?s business opportunities service on the UKTI website UK Trade & Investment Sector briefing: Healthcare opportunities in Singapore Next steps - How UKTI can help ? Arranging appointments British companies wishing to develop their ? Organise seminars or other events for business in the Singapore market are advised you to meet contacts and promote your to undertake as much market research and company in the Singaporean market planning as possible in the UK. UKTI?s team in Singapore, with its local knowledge and This work is available via our Overseas Market experience, can provide a range of services to Introduction Service (OMIS) a chargeable British-based companies wishing to grow their service which assists British-based companies business in global markets. wishing to enter or expand their business in overseas markets. This can include: ? Provision of market information To find out more about commissioning this ? Validated lists of agents/distributors work, or accessing other UKTI services and ? Key market players or potential specialist advice, please visit the UKTI website customers in the Singaporean market to find contact details for your local UKTI ? Establishment of interest of such office. contacts in working with you Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2011 by UK Trade & Investment. Crown Copyright © You may reuse this information (not including logos, images and case studies) free of charge in any format or medium, under the terms of the Open Government Licence. To view this licence, visit www.nationalarchives.gov.uk/doc/open-government- licence/ or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gsi.gov.uk . This publication is also available from our website at www.ukti.gov.uk or for more information please telephone +44 (0)20 7215 8000. UK Trade & Investment Sector briefing: Healthcare opportunities in Singapore
Posted: 21 August 2011, last updated 21 August 2011

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