Singapore Dental and Medical Clinics Market is Expected to Reach SGD 4.8 Billion by 2022: Ken Research 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, Q&M Dental, TalkMed Group, Singapore O&G, 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. 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. Increase 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