HEALTHCARE LANDSCAPE: Singapore’s healthcare system is well recognised internationally, and its healthcare infrastructure is ranked 4th in the world according to the World Competitiveness Yearbook. Moreover, the government has launched various initiatives to facilitate increased private sector participation in the healthcare industry

INVESTMENT CLIMATE: Singapore’s healthcare market is poised for good growth given the rapidly aging population and increased chronic disease burden. In addition, government initiatives to develop Singapore as a leading destination for medical tourism has attracted international patients that seek a wide range of medical care procedures

CHALLENGES: Rising healthcare costs pose a key challenge for the sector’s growth, contributed by administrative functions, expensive innovative treatment options and inefficient use of medical and healthcare services. New hospitals and long-term care facilities also face manpower shortages which has resulted in higher salaries for healthcare professionals in order to continue to attract and retain talent