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APAC healthcare industry to grow 11.1% to $684 bil in 2018

Stanislaus Jude Chan Published on Fri, Jan 19, 2018 / 4:23 PM GMT+8

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SINGAPORE (Jan 19): The healthcare industry in Asia Pacific is expected to grow by some 11.1% to reach US$517 billion ($684 billion) in 2018, according to Frost & Sullivan.

At more than double the average 4.8% annual growth rate of the global healthcare economy, this will see Asia Pacific account for 28% of the US$2 trillion global healthcare market by this year.

According to Frost & Sullivan, the positive growth is fuelled by increasing adoption of technology, innovative healthcare access programmes, and the delivery of care outside traditional hospital settings.

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APAC healthcare industry to grow 11.1% to $684 bil in 2018