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Healthcare
Services
In health care today, scientific and technological frontiers are expanding at unprecedented rates - even as economic pressures shrink profit margins, intensify competition, and constrain the funds available for investment. Demand for healthcare services is rising rapidly and these trends will only increase in the face of an aging global population, an upsurge in chronic diseases and increasingly expensive therapies. Asia's population is expected to grow from 3.2 billion in 2002 and with the increase in life expectancy and growing economic affluence, there will be very strong demand for quality healthcare in this region.
Singapore, with its established reputation for healthcare infrastructure and clinical excellence, is poised to tap on this growing demand to entrench itself as a premier regional healthcare hub. Singapore’s clear ambition nonetheless will face off with other emerging healthcare services powerhouses. Both Malaysia and especially Thailand, have been heavily promoting their high quality and cost efficient medical services. India already has the healthcare skills, a buoyant private sector investing heavily in private hospitals and enjoys proximity to Europe and the Middle East, two fast growing outsourced medical services regions. China has also started its healthcare services revolution. Though the Middle Kingdom is not really eyeing overseas patients yet, its domestic needs are so massive that the sector will go through gigantic transformation.
This dramatically evolving landscape offers attractive opportunities for healthcare services suppliers. Hospitals, diagnostic facilities, disease management centers, and outpatient clinics are being built or upgraded and require new medical IT systems, modern medical equipment and better management processes, something new in this sector.
Clearstate can assist clients in evaluating and entering new markets, determining which alliances or acquisitions make the most strategic sense, and developing efficient marketing and distribution strategies.
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