Boston, MA -- (SBWIRE) -- 09/10/2014 -- Singapore had a humble performance as far as health and wellness tourism in 2013. Medical tourism in Singapore had a modest year in 2013 due to the strong Singapore dollar. Medical tourists from key markets such as Indonesia and Malaysia saw a decline due to the higher cost of medical treatments and consultations as a result of the exchange rate. Singapore also faced regional competition from emerging medical destinations, such as Malaysia and Thailand.

Industry Prospects:

Medical tourism in Singapore is expected to increase at a value CAGR of 3% at constant 2013 prices over the forecast period. One of the upcoming developments to support medical tourism is the completion of Connexion at Farrer Park. This complex will contain One Farrer Hotel, Farrer Park Medical Centre as well as Farrer Park Hospital, conveniently located above Farrer Park Mass Rapid Transit Station. This holistic complex is set to enhance Singapore's position as a medical hub, boosting the size of medical tourism over the forecast period. Singapore's competitive position as a medical hub is anticipated to remain strong with a collection of 15 fully-fledged medical facilities accredited by Joint Commission International (JCI). JCI is the world's highly respected accreditation organisation which assesses healthcare organisations globally.

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Report Overview:

Discover the latest market trends and uncover sources of future market growth for the Health and Wellness Tourism industry in Singapore with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Health and Wellness Tourism industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.

The Health and Wellness Tourism in Singapore market research report includes:

- Analysis of key supply-side and demand trends
- Historic volumes and values
- Five year forecasts of market trends and market growth  
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Health and Wellness Tourism in Singapore?
- Are hotel/resort spas outperforming destination spas?
- Do domestic spa visitors outweigh international spa arrivals?
- What is the rate of hotel/resort spa outlet development?

Reasons to Get this Report:

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

Product coverage: Medical Tourism, Spas.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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