Aged care to Singapore
Trends and opportunities
Population ageing is set to be one of the most significant social
transformations of the twenty-first century, with implications for nearly
all sectors of society, including labour and financial markets, and
economic considerations such as demand for goods and services, housing,
transportation, and communications, and Singapore is no exception.
In Singapore the proportion of citizens aged 65 years and above increased
from 12.4 per cent (or 479,966 in a Singapore resident population of 3.87
million) in 2014 to 14.4 per cent (495,360 in a resident population of 3.44
million) in 2017. By 2030, it is projected to reach 19 per cent (or 1.2
million against a projected resident population of 6.5 million).
The World Health Organisation defines an aged society as one where 14 per
cent or more of the population is aged 65 years and above. By this
definition, Singapore has already an ageing society,
and by 2020, it is projected that the Singapore population would age faster
than populations in Australia, South Korea, the United Kingdom (UK) and the
United States of America (USA).
Various strategies have been put in place to address the rapidly ageing
profile. These include:
making Singapore ‘age-friendly’ so that seniors can move around safely
and confidently within their homes and within the community
- promoting active ageing so that seniors can keep their minds active and
bodies healthy and enjoy life to the fullest
looking out for seniors who live alone (this is a growing group)
integrating aged care services with housing developments.
The Singapore Government has plans to improve aged care services and
facilities, particularly in building infrastructure and addressing labour
needs. At the same time, the issue of making aged care more affordable,
easing the financial burden of long term care, and enhancing quality of
aged care, is also being dealt with.
In 2015 the Singapore Ministerial Committee on Ageing unveiled key new
features of a $3 billion national plan to help Singaporeans age confidently
and lead active lives, with strong bonds with family and community. The
national plan - Action Plan for Successful Ageing - will include about 60
initiatives covering 12 areas, namely, health and wellness, learning,
volunteerism, employment, housing, transport, public spaces, respect and
social inclusion, retirement adequacy, healthcare and aged care, protection
for vulnerable seniors and research. (Source:
Singapore Ministry of Health
The Government also has plans to reform its healthcare insurance policies
to focus on increasing affordability, through a reformed Medishield and
greater protection for the elderly – with more elderly focused community
hospitals in the next 5 – 10 years.
Other measures to keep Singapore a successfully ageing society include
investing in ageing-related
research in different disciplines to transform the experience of ageing in
a modern world. These include:
- A national Geriatric Education and Research Institute (GERI) housed on
the Yishun Community Hospital to promote geriatric education.
- The Duke-NUS Graduate Medical School Centre for Ageing, Research and
Education (CARE) to further research some social aspects of ageing and will
complement the largely clinical nature of work done at GERI.
- The National Research Foundation setting aside up to S$200 million for a
National Innovation Challenge on Active and Confident Ageing to catalyse
research related to ageing.
Opportunities exist for Australian companies in the following areas:
building of aged care facilities under build-own-lease (BOL) model
need for more hospital beds
developing housing that incorporates aged care facilities
designing retirement housing.
qualified medical personnel
upskilling of healthcare workers
increase in need for allied health professionals
building support network for seniors that live alone.
Consultancy (setting standards/guidelines)
The Silver Industry Standards Committee (SISC), which is under the purview
of the Singapore Standards Council, develops and facilitates the
implementation of Singapore standards to support the growth of the market
for elder consumers and national initiatives in active ageing.
The objective of the SISC is to support active aging in Singapore in order
to enhance the quality of life of the elderly. The SISC also supports
initiatives to provide quality of products and services for the elderly,
shape the development of an age-friendly built environment and facilitate
market access for silver industry products and services within the
- Liveability within homes and community
- Healthcare and eldercare
- Nutrition for elderly
- Technology for elderly
Links and industry contacts
Aged care-related resources
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