As Singapore’s population ages, the government will increase its healthcare spending in tandem with this trend.By 2030, one in four Singaporeans will be in this category.had stated that healthcare spending will hit around S$27 billion, or 3.5% of gross domestic product, by 2030.
The group also operates five medical clinics and a dental supplies and equipment distribution company. The first is to expand its network of dental clinics, with a plan to open at least 30 per year in Singapore and Malaysia over the next 10 years.The third is to expand its clinical testing laboratory business to test for COVID-19 and other diseases, while the last pillar involves investments in medical and healthcare businesses.
Healthway reported a good set of earnings for FY2021, with revenue jumping 43.6% year on year to S$139.9 million.