Singapore's medical tourism sector predicted to grow 8.3% annually through 2018

Here are the market drivers.

Citing Urbis, DBS said Singapore medical tourism market is expected to grow c8.3% pa to reach S$1.71b in 2018. This is likely to be another driver to the tourism industry in Singapore.

Here's more:

The Singapore Tourism Board estimated that cS$980m were spent in Singapore by foreigners on medical goods and services in 2011 (including visitors who spend money on medical services in the country but whose intent for visiting is ot medical-related).

The bulk of the foreigners seeking healthcare services in Singapore are the Indonesians, which make up 54% of total foreigners seeking medical services in Singapore, followed by Malaysians.

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