According to the latest report by OCBC bank, Singapore will face serious public healthcare shortage by 2030. In the past 5 years, an average of 188 beds were added per year, and this is less than half the required 440 beds per year required to accommodate an additional 6,000 beds by 2030. Earlier in 2013, Prime Minister Lee Hsien Loong targets to increase the Singapore population to 6.9 million.
The report also said that by 2030, hospital admissions will skyrocket to 791,000 yearly and that the current 4 public hospitals are unable to cater for the capacity. Not only is there is insufficient medical facilities, there are also not enough Singaporean medical practitioners and manpower to handle the demand. Every year, Singapore produce only around 300 doctors every year, but 371 is needed to meet the 6,000 physicians required. However, the report pointed out that Singapore can always hire foreigners to fill the vacancies in the hospitals.
“While it may be easier to add ‘brick and mortar’ i.e. medical facilities, it is more challenging to build manpower in the nearto-medium term especially specialised doctors. The number of new physicians needed by 2030 is around 6000 physicians, or 371 physicians per year.
From historical trends, Singapore has been able to add an average of 677 physicians per year, double the number required per year. The increase is typically drawn from around 300 doctors who are Singapore residents, and 300 to 350 non-resident doctors, of which, c.200 are graduates from Singapore’s medical institutions.”