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As Singapore’s population ages, the prevalence of dementia—a chronic condition characterized by the decline of cognitive function—has been rising. With this increase comes a growing concern about the cost of care, which can be substantial and multifaceted. This article provides a detailed look at the financial implications of dementia care in Singapore, encompassing various types of care services and the factors influencing costs.
Understanding Dementia in Singapore
Dementia affects memory, thinking, orientation, comprehension, calculation, learning capacity, language, and judgement. It is a significant cause of disability and dependency among older people globally and in Singapore. As of 2024, it is estimated that there are over 100,000 people living with dementia in Singapore, a number expected to rise significantly due to the nation’s rapidly aging population.
Components of Dementia Care Costs
The cost of dementia care can be divided into several key components:
