Top Five Growth Sectors in the Asia-Pacific Healthcare Market

- Frost & Sullivan's thought leaders evaluate how rising consumer affluence, increasing disposable income and favorable government policies drive the Asia-Pacific healthcare market

MOUNTAIN VIEW, California, March 12, 2013 /PRNewswire/ --

While global healthcare markets are forecast to grow at a less than 6 percent compound annual growth rate (CAGR) from 2012 to 2018, the Asia-Pacific (APAC) healthcare market is projected to expand at more than double this CAGR – at 12.8 percent over the same period.

What differentiates APAC from other global healthcare markets? For one thing, Frost & Sullivan finds that APAC healthcare expenditure will almost double in the next 6 years, with the largest share coming from China, Japan and India. In addition, the APAC region will consist of more than 2.3 billion people aged 65 or older in 2013, comprising 9.8 percent of the population. Frost & Sullivan estimates this elderly population segment will grow to 11 percent by 2018 across the region. To support rising demand, the APAC market will require about 180 million new hospital beds over the next decade.

Top Five Asia-Pacific Growth Sectors:

• Medical Tourism: Driven by rising affluence and increasing demand for quality healthcare, medical tourism is one of the top growth sectors in APAC in the short to medium term.
• Outpatient Surgery: This is a lucrative business option that requires less investment, with more profitability.
• Specialty Hospitals: Due to increasing lifestyle diseases such as diabetes and coronary heart disease, Asia-Pacific is a large marketplace for specialty hospitals.
• Private Medical Insurance: The increasing cost of healthcare coupled with low penetration rates of public insurance creates an expansive market for private insurance companies.  Consumer empowerment will also spike private medical insurance revenues.
• Healthcare IT: To remain competitive by increasing operational efficiency, clinical outcomes and financial profitability, private and public hospitals will invest extensively in installing, maintaining and upgrading IT capabilities.

This briefing will benefit companies already participating in APAC healthcare markets by facilitating an understanding of the changes, future predictions, and growth opportunities – particularly, the best bets for healthcare investments in the region. The presentation will also prove helpful for those organizations not currently working in APAC by providing an understanding of the overall macro environment. The webinar will cover 13 major countries of Asia, with deep dives into specific countries that show higher growth potential in certain areas, in comparison to other regions.

Supporting Quote
"Healthcare expenditure continues to experience growth as rising patient demands for better healthcare will result in healthcare reforms in Asia-Pacific," said Frost & Sullivan Asia-Pacific Healthcare Vice President Rhenu Bhuller. "The increasing life expectancy in the region will also result in more elderly requiring long-term care."

Registration

• To attend the briefing, email britni.myers@frost.com your full name, job title, company name, company telephone number, company email address and web site, city, state and country.
• Receive a recorded version of the briefing anytime by submitting the aforementioned contact details.

Supporting Resources
For more information about Frost & Sullivan's Healthcare group, please visit: http://healthcare.frost.com.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

• The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.  
• The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible.  This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.  

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on "the next big thing"

Register: Gain access to visionary innovation

Contact:
Britni Myers
Frost & Sullivan
+1-210-477-8481
britni.myers@frost.com

SOURCE Frost & Sullivan