Healthcare Expenditure To Exceed US$12bn Within Decade

BMI View: Singapore's healthcare sector is small, but will post steady growth over the next decade. The key drivers of this expansion are a growing economy, an ageing population, more chronic diseases and continued government commitment to providing quality medical services. Local healthcare providers will continue to realise the majority of the sector's upside. The risks to this reasonably optimistic outlook are reduced investment in infrastructure, such as new hospitals and clinics, and wage restrictions for doctors and nurses.

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