
The ~USD 320 Billion Healthcare Challenge in ASEAN
ASEAN's healthcare industry will face drastic increases in healthcare spending by 2025 given the rapid demographic transition among the Southeast Asian nations. In the massive challenge that lies ahead, ASEAN countries must address the issue
The six major economies in ASEAN – Malaysia, Indonesia, Philippines, Vietnam, Thailand, and Singapore – are facing an unprecedented rise in healthcare cost in the coming decade. Factors including fast growth rates of the elder population amidst high smoking, overweight, and obesity will lead to a massive increase in the need for care and healthcare spending in Southeast Asia. With healthcare cost outpacing economical growth in nearly all ASEAN nations, it is expected that by 2025, total healthcare spending could accelerate up to ~USD 740 billion from the current ~USD 425 billion. That means an increment of ~USD 320 billion will need to be immediately addressed in order to sustain the future of the healthcare industry in Southeast Asia. This white paper explores the reasons behind rising healthcare costs and provides measurable actions for policymakers to take. Businesses could also step in to fill the market gap and become healthcare partners for the public sector in enhancing healthcare efficiency.
- February 2017
- -
- White Papers
China’s Healthcare Reforms: Who Will Survive?
At present, China spends just over 5% of its Gross Domestic Product (GDP) on healthcare expenditure, a figure that will continue to grow as the country experiences a rapidly aging population that will cause enormous future stress on the...
- December 2015
- -
- White Papers
Myanmar's Emerging Opportunities in Diagnostic Imaging & In Vitro Diagnostics
With the increasing economic growth and demographic changes in Myanmar, expenditure in the healthcare landscape is set to rise exponentially by the growing awareness of regular check-up for early detection of non-communicable diseases. The...
- December 2015
- -
- White Papers
The Role of In Vitro Diagnostics (IVD) in Saudi Arabia's Healthcare System
Saudi Arabia’s healthcare system currently relies heavily on government funding, which accounts for 65% healthcare spending in the country. Healthcare trends in Saudi Arabia's, e.g. demographic shifts, high incidence rates of lifestyle related...
Sign up for our newsletter to learn more about the healthcare industry in Asia.
- March 2020
- -
- Articles
Investment Opportunities in Vietnam’s Digital Healthcare
Healthcare digitalization in Vietnam has significant room to grow given the early stage of development. Amid the ongoing pandemic COVID-19 cases, digital channels are also being used by the government to provide information, raise awareness and...
- January 2018
- -
- Articles
Opportunities for medical device companies in China’s reforming healthcare industry
With China experiencing major trends like slow economic growth, a rapidly aging population, and greater incidence of costly non-communicable diseases, the government has begun a series of reforms to its healthcare system with the aim to increase...
- November 2017
- -
- Articles
Discovering opportunities in China’s cardiovascular market
China has one of the world’s most complicated and regulated healthcare industries. It still takes at least two years for most drugs and medical devices to obtain the necessary licenses to be sold nationwide. Furthermore, the new wave of...
- July 2015
- -
- Videos
Myanmar & Indonesia's Healthcare Sector Opportunities for Foreign Players
Solidiance hosted a seminar on hospitals development, pharmaceuticals distribution and medical devices sales in Myanmar and Indonesia to explain current and upcoming changes impacting the private sector.
- May 2015
- -
- Videos
2015 - 2016 Vietnam's Healthcare Opportunities in the Private Sector
This short video is based on Solidiance's latest white paper on the Emerging Opportunities in Vietnam’s Healthcare Landscape: Beyond Hanoi and Ho Chi Minh City which analyses current trends in Vietnam's healthcare system and the opportunities...
- February 2015
- -
- Videos
Healthcare Opportunities in Tier Two Thailand Cities
This video is based on Solidiance's latest White Paper on the Future of Thailand's Healthcare Industry in Tier Two Cities which highlights: Thailand's healthcare overview, key trends, as well as its challenges and opportunities. The video is...
Would you like to learn more about how we help clients grow in Asia?
Asian Genotypes Mean Regional-Specific Medical Research Is Required
The Precision Medicine: Accelerating “Asia for Asia” Therapeutic Solution Market Growth report speaks of the critical need to accelerate APAC-focused efforts to meet the region’s rising healthcare demand, with the majority of the current research...
Companies to fill the gaps in ASEAN Healthcare
Nearly all ASEAN-6 nations are facing an unprecedented rise in healthcare cost in the coming decade, posing a major challenge to strained public health budgets. The current growth is estimated to reach USD 740 billion in 2025, an added burden of...
Telehealth apps rise in Southeast Asia due to doctor scarcity
According to consulting firm Solidiance, total medical expenditure in six major Southeast Asian countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam) is expected to reach USD 740 billion by 2025, from USD 420 billion...
Healthcare costs in the ASEAN region on the rise
Healthcare costs in the ASEAN region are forecasted to increase to USD 740 billion in 2025 up from US$420 billion spent in 2017. A USD 320 billion increase in spending in under less than 10 years could have adverse effects on the economy and...