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Medical Tourism to keep Singapore Tourism Industry Healthy
Feb 18, 2009
A new market research report, “Opportunities in Singapore Tourism Industry (2007-2009)”, recently released by RNCOS says that the promising medical tourism market will boost the growth into Singapore’s tourism industry and the total international tourist arrivals will cross the 14 Million mark by 2012.
The report identifies that growth in medical tourism industry is one of the significant drivers of the tourism industry in Singapore. In Asia, Singapore stands at number two spot both in terms of medical tourist arrivals and revenue generated from medical tourism. The cost of healthcare in Singapore is substantially higher than other regional destinations; however, the country has better infrastructure and regulations as compared to other countries.
Singapore has the widest range of top quality healthcare services, large number of affiliated top medical institutions, accommodation choices and leisure services to meet the individual needs of tourists. In 2006, the country had a total of 29 hospitals/specialty centers with bed capacity of 11,527. There were 6,931 doctors and 15,452 registered nurses in Singapore. Revenues from Singapore medical tourism industry will grow strongly at a projected CAGR of 9.1% between 2007 and 2012, and will register US$ 1.7 Billion in total revenues, as per the report.
“Opportunities in Singapore Tourism Industry (2007-2009)” provides extensive research and rational analysis on various aspects of Singapore’s tourism industry and underlines the key issues related to it. The overview on opportunities and future forecast will help the clients to analyze the future course of direction and major growth areas of the tourism and related industries.
This research supplements the past and current information with statistical data. It gives in-depth analysis on inbound and outbound tourism in the country. It also covers the performance of other related industries like hotel and transportation industry. The research also includes forecast on various important industry aspects, like tourist arrivals, tourism receipts, outbound tourism, outbound tourism expenditure, medical tourism industry, and MICE industry (Meetings, Incentives, Conventions, Exhibitions).
For more information visit: http://www.rncos.com/Report/IM504.htm
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