The six major ecomomies 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, combined with high smoking, overweight, and obesity will lead to a massive increase in the need for care and healthcare spending. 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 420 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. According to Fabian Boegershausen, Manager at Solidiance, the massive rise in healthcare demand poses one of the greatest challenges the ASEAN nations has ever faced.
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