Singapore advised to boost medical tourism in the country

Analysts are pointing out that Singapore should leverage its advanced medical capabilities to boost its medical tourism sector.

Experts say that the city-state’s various hospitals and the wide range of treatments on hand can attract high-net-worth travellers for whom cost is no bar to premium medical services.

Currently, Singapore is seen as not asserting itself in a highly competitive sector where the likes of Thailand and Vietnam are taking the lead and offering professional procedures for reasonable rates.

Based on the most recent Global Market Insights report, Singapore is missing out on cashing in on a highly lucrative sector currently valued at US$51.5 billion and stands to grow by 12.7 percent…