Falling medical tourism revenue for Raffles, Singapore


Raffles Medical Group is one of the leaders in Singapore medical tourism and apart from the ever-present Indonesian patients RMG’s top five foreign patient sources are constantly changing. Their diversified patient base includes growing numbers from the Middle East.

Despite advertising and marketing overseas, RMG is still seeing a drop in medical tourism. Indonesian patient numbers are falling and now form less than 20% of total foreign patients. Falling Indonesian numbers is higher than increasing numbers from Malaysia, Vietnam, Myanmar and China, as medical tourism growth is subdued.

There are three deterrents to Raffles' medical tourism growth including a strong dollar, the rising private healthcare costs, and the strong competition from regional peers. Weak medical tourism, limited domestic growth and expansion costs are hitting the group’s income and profits.




Do you have some news or a press release that you’d like to share with the medical travel industry?

Publish for FREE on IMTJ.


Related News

EU developments on health tourism

13 August, 2017

New EU report on health and medical tourism

Turkey decree on hair removal

08 August, 2017

Turkish beauticians can undertake laser hair removal

Spanish tourism booming

07 August, 2017

New report on Spanish tourism boom

Dubai medical tourism

29 July, 2017

Inbound numbers to Dubai increase

Belarus medical tourism

25 July, 2017

Belarus attracts medical tourists