Singapore Dental Clinics Market Analysis-Ken Research

1
Singapore Dental and Medical Clinics Market is
Expected to Reach SGD 4.8 Billion by 2022 Ken
Research
2
Key Takeaways from Ken Research report titled,
Singapore Dental and Medical Clinic Market
Outlook to 2022 Singapore clinics market is
dominated by the private GP clinics which cater
to 80 of the primary care demand in Singapore.
Major clinics group include Singapore Medical
Group, QM Dental, TalkMed Group, Singapore OG,
and Healthway Medical Corporation. The market has
witnessed the adoption of asset light model by
leading clinics group which has enabled them to
achieve higher growth rates and increase their
cross selling opportunities within different
specialization departments. Ken Research in its
latest study, Singapore Medical and Dental
Clinics Market Outlook to 2022 Led by Inorganic
Expansion of Major Clinics and Expansion into
More Specialized Services suggests that demand
for outpatient services in the market will
continue to grow in Singapore owing to increased
adoption of healthcare IT systems and rising
investment by the private and public
sector. Expected Inorganic Growth in
Future Singapore clinics market will be led by an
increase in mergers, acquisitions and joint
ventures as large players acquire smaller clinics
in order to expand their service portfolio. New
Joint Ventures will lead to enhancing technical
knowhow resulting in better quality service.
3
The market will be driven by emergence of more
specialized group which run on asset light model
and rely heavily on growing number of doctors to
leverage on economies of scale. Such developments
will lead the market towards consolidation. Incre
ase Healthcare Service Practice and Scope of
General Practitioners in Singapore MOH has
proposed methods for the prevention of diseases.
Mental health services will be strengthened as
polyclinics witness expansion to include mental
health facilities. Further, MOH will roll out a
scaled up primary care network scheme to provide
more support encouraging more number of general
practitioners to enter the space. Around 340 GP
clinics have joined the Primary Care Network
Scheme which involves clinics organizing
themselves into networks that support holistic
and team-based care. GPs in PCNs are able to
share and optimize resources, and they can also
share best practices among themselves to better
manage care of chronic diseases. Government
Support to open More Primary Care Units MOH will
open more primary care facilities. Keat Hong and
Tampines family medicine clinics are to open in
2018 followed by new polyclinics in Pioneer,
Punggol and Bedok. New polyclinics in Bukit
Panjang, Eunos, Sembawang and Kallang will begin
operation in 2020 while those in Yishun and Ang
Mo Kio will be redeveloped in 2018. Participation
in electronic records system could become a
licensing requirement for clinics. This will help
in improving the quality of health care services.
4
Future Growth Factors Rising focus on high
revenue intensity streams along with general OPD
services which includes offering specialized
services and comprehensive health screening
programs coupled with elevating prevalence of
chronic and lifestyle diseases will propel
Singapore clinics market revenue in
future. Companies Covered Singapore Medical
Group, QM Dental Group, ISEC Healthcare,
TalkMed, Singapore OG, Healthway Medical
Corporation, HC Surgical Specialists Limited and
Unity Denticare For more information on the
research report, refer to below
link https//www.kenresearch.com/healthcare/gener
al-healthcare/singapore-medical-dental-clinics-mar
ket/149666-91.html Related Reports by Ken
Research https//www.kenresearch.com/healthcare/g
eneral-healthcare/indonesia-healthcare-market/1435
41-91.html https//www.kenresearch.com/healthcare
/general-healthcare/vietnam-healthcare-market-repo
rt/142714-91.html
5
https//www.kenresearch.com/healthcare/general-hea
lthcare/india-online-healthcare-services-market-re
port/3568-91.html Contact Us Ken ResearchAnkur
Gupta, Head Marketing CommunicationsSales_at_kenre
search.com91-9015378249
6
(No Transcript)