Singapore may still be among the region’s top dogs when it comes to medical tourism, but its neighbours are swiftly closing the gap.
Lower costs and the growing availability of quality care in neighbouring countries will not only lure medical tourists away from Singapore, but could also encourage patients to stay home for treatment, said experts.
According to data from a medical tourism index released last month, Singapore was ranked the most attractive among seven Asian countries in terms of “patient experience”, but was also one of the least attractive where costs were concerned.ADVERTISEMENT
In comparison, the attractiveness of the patient experience in countries such as Malaysia and Indonesia grew between 2015 and this year, while healthcare costs in these places remained relatively low.
The index was developed by investment and research firm AB Bernstein and medical facilitation company Global Health and Travel.
Their findings were announced at the Asia Pacific Healthcare and Medical Tourism Summit in Bali last month, attended by hospital administrators from the region.