Orchard Road is famous as a shopper's paradise, but few are able to quickly turn a magnet for medical services.The following year, the glamorous shopping belt and the surrounding areas such as along Tanglin and Napier roads, will be home for at least seven private medical centers.Since mid-last year, two private health care providers have started, or it plans to open medical centers in the vicinity.
Last May, two open Healthway Medical Clinic - specializing in orthodontics and plastic surgery, or - TripleOne Somerset Somerset Road shopping center. Since then, took the full six clinics, spanning 25,000 square feet at the mall.It also clinics at Mount Elizabeth and Gleneagles in Orchard Road, Napier Road. Earlier in February, Raffles Medical Group announced plans to set up a special center Thong Sia Building Bideford Road, when the existing lease expires next year, and 2013.
Other service providers around the Mount Elizabeth (left) and Paragon Medical.Apart from Healthway and Raffles, the other five health care providers operating in Orchard area: Paragon Medical, an independent panel, which houses the Paragon, Orchard Centre specialists Lucky Plaza, Paragon behind Mount Elizabeth, Gleneagles Napier Road and Orchard Boulevard Camden Medical Centre. Healthway Raffles and provide medical services, while Paragon, Orchard Camden and specialists for landlords lease space for medical specialists and clinics.
The remaining two - Gleneagles and Mount Elizabeth - Clinics is owned and operated by independent experts.The competition is hard, but industry players believe that enough business to go around. For a start, medical tourism is expected to grow. A check of the Singapore Tourism Board (STB) has shown that preliminary revenue for the medical tourism expenditure was estimated at $ 940 million last year, a 19 percent year-on-year increase in the 2009th The medical tourists came mainly in Indonesia, Malaysia and Bangladesh according to ETC.
Medical providers have decided to set up shop due to Orchard Road prime locale and convenience. Copy area "a hub of foreign visitors," the spokesman added, Raffles Medical, the medical center Thong Sia "is well placed to medical services, such as visitors, whether tourists or foreign patients living in the neighboring hotel."
Mr. Lam Pin Woon, Chairman and Managing Director of Healthway, said the group aims to "increase revenue target international patients."Medical tourism in the form of about 3 percent of the patients Healthway load center of Somerset. They hail mostly in Indonesia, Vietnam, Malaysia and China.
Last May, two open Healthway Medical Clinic - specializing in orthodontics and plastic surgery, or - TripleOne Somerset Somerset Road shopping center. Since then, took the full six clinics, spanning 25,000 square feet at the mall.It also clinics at Mount Elizabeth and Gleneagles in Orchard Road, Napier Road. Earlier in February, Raffles Medical Group announced plans to set up a special center Thong Sia Building Bideford Road, when the existing lease expires next year, and 2013.
Other service providers around the Mount Elizabeth (left) and Paragon Medical.Apart from Healthway and Raffles, the other five health care providers operating in Orchard area: Paragon Medical, an independent panel, which houses the Paragon, Orchard Centre specialists Lucky Plaza, Paragon behind Mount Elizabeth, Gleneagles Napier Road and Orchard Boulevard Camden Medical Centre. Healthway Raffles and provide medical services, while Paragon, Orchard Camden and specialists for landlords lease space for medical specialists and clinics.
The remaining two - Gleneagles and Mount Elizabeth - Clinics is owned and operated by independent experts.The competition is hard, but industry players believe that enough business to go around. For a start, medical tourism is expected to grow. A check of the Singapore Tourism Board (STB) has shown that preliminary revenue for the medical tourism expenditure was estimated at $ 940 million last year, a 19 percent year-on-year increase in the 2009th The medical tourists came mainly in Indonesia, Malaysia and Bangladesh according to ETC.
Medical providers have decided to set up shop due to Orchard Road prime locale and convenience. Copy area "a hub of foreign visitors," the spokesman added, Raffles Medical, the medical center Thong Sia "is well placed to medical services, such as visitors, whether tourists or foreign patients living in the neighboring hotel."
Mr. Lam Pin Woon, Chairman and Managing Director of Healthway, said the group aims to "increase revenue target international patients."Medical tourism in the form of about 3 percent of the patients Healthway load center of Somerset. They hail mostly in Indonesia, Vietnam, Malaysia and China.
Landlords are not caught up in the trend, and many of them converted, or would like to develop patches in the primary medical suites.Mr. Lam said: "Medical Suite command higher rents. We plan to set up a health center in line with the landlord's long-term plan: Finally, a medical office suites."It may seem like too much of a health service areas, but Mr. Lam that benefits everyone."People see competition, but I also see it as the economies of scale. Very often, we, together, referring to another case," he said.
Dr. Raj Komárom, Associate Professor, Singapore Management University, Lee Kong Chian School of Business, agrees that the market is not oversaturated."Although it may seem as if too many clinics and specialists Orchard Road, the market is not local. The customers come from all over the world," he said.In this case, the agglomeration, the tendency to congregate in one area such as trades, he said. He compares it textile center of High Street, where the fabrics and related accessories and services can be found.
He said the medical providers' influence, they are close. Competition is welcome, but at least people know where to look for a credible medical treatment. Health services are increasingly zeroing in on specific residents.For example, all doctors, dentists and nurses in a Japanese Healthway TripleOne Somerset Medical Center are from Japan."We want to make a familiar environment. Patients are more comfortable when there is no language barrier, "Mr Lam said, adding that the establishment is open to the idea of a clinic to address Healthway Korean community growing here.
