Question: How much does Singapore earn from medical tourism?

SINGAPORE – Singapore is expected to see some 850,000 foreign patients bringing in US$3.5 billion (S$4.31 billion) worth of revenue from medical tourism this year, after foreign patient numbers grew at a compound annual growth rate of 15 per cent over the last three years, according to a report.

How much money does medical tourism generate?

According to the report, global medical tourism market was valued at approximately USD 15.5 billion in 2017 and is expected to generate revenue of around USD 28.0 billion by the end of 2024, growing at a CAGR of around 8.8% between 2018 and 2024.

Medical tourists travel to Singapore for its excellent healthcare system and structure, with the knowledge that medical professionals here use some of the most advanced, high-end diagnostic equipment.

How much does tourism contribute to Singapore?

Tourism is a major industry in Singapore, contributing to around four percent of its gross domestic product in 2019.

Which country is best for medical tourism?

Top 5 Countries For Medical Tourism

  1. India. For patients in need of cardiac and orthopedic surgeries, India is growing in medical travel popularity. …
  2. Singapore. …
  3. South Korea. …
  4. Bulgaria. …
  5. Panama.

Why is medical tourism bad?

Medical Tourism Can Be Risky

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Your risk of complications depends on the destination, the facility where the procedure is being performed, and whether you are in the good physical and psychological condition for the procedure(s). Other issues that can increase you risk of complications include: Infectious Disease.

What are the types of medical tourism?

There are multiple types of medical tourism, however, given below are the top 10.

  • Dental or Dentistry: …
  • Orthopedics: …
  • Cosmetic/Plastic surgery: …
  • Cardiology: …
  • Bariatric surgery: …
  • Fertility treatment: …
  • Eye surgery: …
  • Ears, nose, and throat:

How good is healthcare in Singapore?

Private healthcare facilities in Singapore are as good as any in the world with excellent level of medical care and service levels. For non-Singaporeans, the difference in cost between government and private healthcare facilities is negligible as they directly compete with each other.

Can you enter Singapore for medical treatment?

No, all short-term visitors from any country will not be able to enter into Singapore even if they have a negative COVID-19 test. You will need an Air Travel Pass or a successful waiver application from the Ministry of Health (MOH) before you can enter Singapore.

Ordinary Traveler