|Asia-Pacific Healthcare Industry Outlook, 2019|
|Innovative Companies are Driving the APAC Healthcare Market|
The healthcare market in Asia-Pacific (APAC) is expected to grow by 7.2% in 2019 due to the growth of smart hospitals and developments in the home care segment and medical tourism. This, in turn, has increased the demand for technology, innovative healthcare programmes, as well as drugs and medical devices based on advanced technology. Conventional growth drivers such as supportive government regulations and policies are also a major boost for projected market growth in the APAC healthcare industry.
Emerging markets such as China, India and ASEAN are expected to offer high-growth opportunities across all segments. Frost & Sullivan estimates that the Asia-Pacific healthcare market will grow to $486.72 billion in 2019. However, in the APAC region, healthcare challenges remain the same; access and affordability of new technology demand complex and innovative solutions from all industry stakeholders. Key industry issues that deserve attention include policy innovation, support for new business models, development of secure interoperable technology platforms, and the evolving role of consumers in healthcare. These emerging trends create growth opportunities for industry participants including pharmaceuticals, diagnostics, medical technology manufacturers, digital health vendors and healthcare service providers.