Singapore Technology Spending On Core Administration in Healthcare Market Size, Share, and COVID-19 Impact Analysis, By Type (Hardware, Software, Services), By Application (Hospitals, Clinics, and Others), and Singapore Technology Spending On Core Administration in Healthcare Market Insights, Industry Trend, Forecasts to 2035

Singapore Technology Spending On Core Administration in Healthcare Market Insights Forecasts to 2035

• The Singapore Technology Spending On Core Administration in Healthcare Market Size is Expected to Grow at a CAGR of Around 5.1% from 2025 to 2035
• The Singapore Technology Spending On Core Administration in Healthcare Market Size is expected to hold a significant share by 2035.

According to a research report published by Spherical Insights & Consulting, The Singapore Technology Spending On Core Administration In Healthcare Market is Growing at a CAGR of 5.1% from 2025 to 2035. The market for technology spending on core administration in healthcare in Singapore is mostly driven by growing demand for automated billing and claims processing, an increase in the volume of healthcare data that necessitates efficient records management systems, more complex regulations that require tech investments for compliance, a greater emphasis on platforms that enhance patient experience and engagement, and rising operating costs that demand administrative optimization.

Market Overview

In the medical field, the phrase technology spending on core administration describes the money that healthcare organizations invest in IT solutions designed to enhance and speed up the operational aspects of core administrative duties.

There are no barriers to entry as Singapore is an open economy and a firm believer in keeping trade open. A 7.0% goods and services tax GST is imposed on all goods sold and services provided locally. Imports are subject to GST, but payments are refundable on re-export. The rising adoption of telemedicine is expected to drive the growth of technology spending on core administration in the healthcare market in the coming years.

The way healthcare companies embrace and integrate administrative systems is being significantly shaped by legislative changes as Singapore continues to improve its healthcare data governance frameworks. Singapore's Ministry of Health claims that new changes to data privacy regulations and compliance guidelines are intended to strengthen patient privacy and data security, both of which have a direct impact on technology deployment plans.

Report Coverage

This research report categorizes the market for Singapore technology spending on core administration in healthcare market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore technology spending on core administration in healthcare market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore technology spending on core administration in healthcare market.

Driving Factors

The technology spending on core administration in healthcare market in Singapore is driven by an increase in the volume of healthcare data that necessitates efficient records management systems, more complex regulations that require tech investments for compliance, a greater emphasis on platforms that enhance patient experience and engagement, and rising operating costs that demand administrative optimization.

Restraining Factors

Singaporean technology spending on core administration in healthcare market is constrained by problems with compatibility across disparate systems, high implementation costs, cybersecurity and data privacy issues, user reluctance, and particular difficulties associated with the nation's elderly population.

Market Segmentation

The Singapore technology spending on core administration in healthcare market share is classified into type and application.

• The hardware segment accounts for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Singapore technology spending on core administration in healthcare market is segmented by type into hardware, software, and services. Among these, the hardware segment accounts for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is driven by the physical equipment required for data processing and storage, such as computers and servers is referred to as hardware. These crucial elements, which form the basis of the healthcare IT infrastructure, enable the processing, storing, and transmission of large volumes of patient data.

• The hospital segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

The Singapore technology spending on core administration in healthcare market is segmented by application into hospitals, clinics, and others. Among these, the hospital segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is driven by due to they have made huge investments in data protection, billing platforms, and Electronic Health Records (EHRs) to handle their intricate administrative requirements and extensive operational scale. With smaller but still noteworthy shares, clinics and other smaller organizations like long-term care facilities come next.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore technology spending on core administration in healthcare market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Accenture
• IBM
• Microsoft
• Oracle
• Cognizant
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

In October 2025, Accenture announced an expansion of its collaboration with Amazon Web Services (AWS) to deliver transformative digital services to public sector, defense, and national security organizations.

In October 2025, Chiang Mai University (CMU) signed a memorandum of understanding (MOU) with IBM to participate in the IBM-NUS Research and Innovation Centre. CMU intends to work through the Centre to explore collaborations in Artificial Intelligence (AI) with emphasis on how to establish a cutting-edge Al-centric compute infrastructure, as well as establish an innovation agenda that aims to build Thailands advanced AI ecosystem.

Market Segment

This study forecasts revenue at the Singapore, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Singapore Technology spending on core administration in healthcare Market based on the below-mentioned segments:

Singapore Technology Spending On Core Administration In Healthcare Market, By Type

• Hardware
• Software
• Services

Singapore Technology Spending On Core Administration In Healthcare Market, By Application

• Hospital
• Clinics
• Others