In 2023, the density of long-term psychiatric care beds for persons aged 65+ was 200 beds. By 2024, a forecasted decrease to 170 beds marks a 15% year-on-year decline. The trend continues with alarming decreases: 140 beds in 2025 (17.6%), 120 in 2026 (14.3%), 90 in 2027 (25%), and 60 in 2028 (33.3%). The compound annual growth rate (CAGR) from 2023 to 2028 is approximately -19.4%, indicating a substantial reduction in bed density.
Future trends to monitor include:
- Potential policy changes to address inadequate long-term psychiatric care capacity.
- Advancements in community-based mental health services as alternatives.
- Impact of shifting demographics and aging population on demand.
