The capital health expenditure in Singapore has demonstrated a general upward trend since 2013, with values consistently rising from 0.19 to 0.43 as of 2023. Year-on-year variations indicate significant growth from 2013 to 2016, with rates of 13.96% to 10.26%. A notable dip was observed in 2017, with a -14.82% decline, followed by more moderate growth rates stabilizing around 4% annually in recent years. The Compound Annual Growth Rate (CAGR) over the past five years is at 4.13%, suggesting a steady increase in spending. Forecasts predict a further rise to 0.5 by 2028, with an expected CAGR of 2.42% and an overall forecasted growth rate of 12.67% for the next five years.
Future trends to watch for:
- Technological advancements in healthcare driving capital investment.
- An aging population necessitating more robust healthcare infrastructure.
- Government policies aimed at healthcare sustainability and innovation.
- Potential economic fluctuations impacting budget allocations for healthcare.
