Singapore healthcare players narrow focus, expand overseas in medical tourism race
Foreign patients are moving towards cheaper hubs such as Malaysia and Thailand, forcing the city-state’s healthcare providers to focus on complex procedures
SINGAPORE’S position as the go-to medical hub in South-east Asia is under threat, amid a strong Singapore dollar and regional peers catching up in terms of quality care and scope of services.
To overcome this challenge, local healthcare players have been zeroing on serving complex cases to attract higher-paying foreign patients.
At the same time, some believe that expanding their operations overseas may be the better bet, as they aim to capture larger markets that have more need for quality healthcare.
Copyright SPH Media. All rights reserved.
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Vanity Fair Fashion.
