Outpatient Care - Singapore | Statista Market Forecast

In Singapore, the Outpatient Care market is forecasted to generate a revenue of US$2.33bn by the year 2024.
The market is expected to experience a steady annual growth rate (CAGR 2024-2029) of 11.15%, leading to a market volume of US$3.95bn by 2029.
When comparing globally, United States is projected to generate the highest revenue in this sector, with an estimated amount of US$744.80bn in 2024.
Singapore's outpatient care market has seen a significant rise in telemedicine adoption, allowing patients to access healthcare services remotely.

Definition:
Outpatient Care refers to medical and surgical services that are provided to patients who do not require an overnight stay in a hospital. It covers a wide range of services, including diagnostic tests, procedures, and treatments that are performed on an outpatient basis (e.g., doctor consultations, diagnostic services, and laboratory tests). Hospital outpatient care is designed to provide convenient, efficient, and cost-effective medical care to patients, allowing them to receive medical attention without having to spend the night in a hospital. This reduces the overall cost of healthcare and increases accessibility to medical services.

Additional information:
The Outpatient Care market comprises revenues and average revenue per capita. Market values represent revenues paid to hospitals by the respective healthcare payers (including VAT, if applicable). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Ambulatory care by hospitals
Minor surgical procedures
Clinic visits by patients
Checkups
Emergency department visits

Inpatient care
Day care
Long-term care
Home-based care

The Outpatient Care market in Singapore has been experiencing significant growth in recent years.

Customer preferences: One of the primary reasons for the growth of the Outpatient Care market in Singapore is the increasing demand for healthcare services among the aging population. With a growing number of elderly citizens in Singapore, there has been a surge in demand for outpatient care services that cater to the specific needs of this demographic. Additionally, there has been a shift in consumer preferences towards more personalized and convenient healthcare services. Patients are increasingly seeking out outpatient care services that offer flexible scheduling and shorter wait times.

Trends in the market: One of the key trends in the Outpatient Care market in Singapore is the increasing adoption of digital healthcare technologies. With the rise of telemedicine and other digital healthcare platforms, patients are now able to access healthcare services remotely, without the need for in-person visits. This has led to greater convenience and accessibility for patients, especially those living in remote or rural areas. Another trend in the market is the growing popularity of alternative therapies and treatments. Patients are increasingly seeking out non-traditional healthcare services such as acupuncture, chiropractic care, and naturopathic medicine.

Local special circumstances: Singapore's healthcare system is known for its high quality and efficiency, with a strong emphasis on preventive care and health education. The government has implemented a number of policies and initiatives to promote healthy living and disease prevention, which has helped to reduce the burden on the healthcare system. Additionally, Singapore has a highly educated and skilled workforce, with a large number of healthcare professionals trained in the latest medical technologies and treatments.

Underlying macroeconomic factors: The Outpatient Care market in Singapore is also influenced by broader macroeconomic factors such as population growth, income levels, and government policies. With a growing population and rising income levels, there is a greater demand for healthcare services in Singapore. Additionally, the government has implemented a number of policies to support the growth of the healthcare sector, including tax incentives for healthcare providers and increased funding for medical research and development. These factors have contributed to the growth of the Outpatient Care market in Singapore, and are expected to continue driving growth in the future.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

In recent years, a clear shift from inpatient to outpatient care has changed the face of healthcare, impacting operations, business models, staffing, and capital. Ambulatory centers carry out increasing numbers of medical procedures following advancements in healthcare technologies, cost management incentives, and consumer-focused services. There is a significant rise in the utilization of non-traditional sites of service such as ambulatory surgery centers, community health centers, primary care clinics, and telehealth. Employment in U.S. Ambulatory health care services has considerably grown over the years. Since 2007, according to the number of ambulatory care establishments in the U.S., nearly a hundred thousand ambulatory care establishments have opened across the country.