According to the Singapore Business Review, Singapore is slowly losing its appeal as a medical tourism hub.
It seems the fact that Indonesian healthcare providers have invested heavily in new facilities and equipment is a key factor. Similar activity in Vietnam is another worry. Beng Teck Liang, executive director of the Singapore International Medical Centre, is quoted as saying there has been a massive shift in the profile of international patients.
“In the early 1990’s Indonesian patents went to Singapore for even the most basic medical procedures, he said. Now it is only for extremely complex cases.” The result is that earnings have dropped by as much as 40% in some cases.
Written by Ian McIntosh