Services from healthcare providers in Singapore slightly grew in Q1 23

The study showed that the healthcare provider segment went up to 51.3.

The healthcare segment in Singapore went up to 50.7 in the first quarter (Q1) of 2023 from 50.5 in the previous quarter, the recent OCBC SME outlook index showed.

OCBC’s study also revealed that the healthcare provider segment also went up to 51.3, which bested the healthcare distributor segment (49.7). 

There is also a rise in influenza cases in the recent months following the revival of travel and the removal of the mask mandate, which could have led to higher demand for services from healthcare providers. 

Based on the OCBC SME Business Outlook poll, 47% of the SMEs expect an improvement in business in the next six months.