STock News : Future bright for healthcare stocks in ageing Singapore, says DBS Vickers .

SINGAPORE (July 5): DBS Vickers projects total healthcare expenditure in Singapore to triple by 2030, rising to $44 billion from $17 billion in 2013, given its ageing population.

The broker estimates that hospital admissions will grow to 791,000 per year in 2030, from 520,000 currently.

"But, the pressure on healthcare infrastructure is uneven," DBS notes. "We believe private infrastructure expansion is not a priority, and could benefit more if they could tap the flow-over effects from the public sector," it adds.

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