Asia Pacific Healthcare Sector Market to reach $40 billion by 2024

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Asia Pacific Healthcare Sector Market Research Report 2018 to 2024 provides an in-depth analysis of the China, Japan, India, South Korea, Taiwan,  Australia, New Zealand, Thailand,  Philippines, Indonesia, Singapore appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Asia Pacific addressable appraisal market opportunity.

On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

This report provides a detailed analysis of the Healthcare Sector market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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Essential points covered in Asia Pacific Healthcare Sector Market 2018 Research are:-

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the Asia Pacific Healthcare Sector market?
  • What are the key market trends impacting the growth of the Asia Pacific Healthcare Sector market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Asia Pacific Healthcare Sector market?
  • What are the market opportunities and threats faced by the vendors in the Asia Pacific Healthcare Sector market?
  • What are the key outcomes of the five forces analysis of the Asia Pacific Healthcare Sector market?

This independent 460 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Healthcare Sector market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2024.

Furthermore, the report provides a detailed analysis of the Asia Pacific Healthcare Sector market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the Asia Pacific Healthcare Sector market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

Growth Drivers & Challenges :
Medical Tourism rising affluence, outpatient surgery lucrative business with less investment and more profit, increasing specialty hospitals, spiking in private medical insurance coverage and upgrading IT and healthcare operations tends to drive the APAC healthcare market. Pharmacies undergoing transformation with e-commerce, investments by major players, telecoms launch home health platforms, stronger regulations in favor of consumers and increasing mergers and acquisition in healthcare are the factors responsible for growing healthcare industry in APAC region. Rise of chronic or non-communicable (NCDs) diseases tend to put the strain on stretched healthcare system of APAC region. According to World Economic Forum, by the year 2030 cardiovascular disease (CVD), chronic respiratory disease, cancer, diabetes and mental ill-health will cost the global economy USD 47 trillion. In addition to that, limited financial resources, various consumer segments that create complexities, underdeveloped medical infrastructure, inconsistent reimbursement regimes and intense competition from major players in adjacent industries (high tech and consumer electronics) as well as from regional start ups hamper the APAC healthcare market.

Companies Mentioned are KPJ Healthcare Bhd, Raffles Medical Group, Apollo Hospitals Enterprise Ltd, Medtronic, Roche, Alere, GE Healthcare, B Braun, Abbott, MIRACA Holdings Inc, Concord Medical Services Holdings Limited, 3M, Allscripts, Mckesson, Orion Health, Oneview, Pulsesync, Ziosoft, Nuance Communications, Healint

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Strong economic rise in APAC region comes with benefit and challenges for the healthcare industry. In spite of rising hospitals, patients in rural as well as urban areas are still facing accessibility and affordability issues. Innovation in technology is resolving the challenges with digital enablement, for instance, GE Healthcares Sustainable Healthcare Solutions (SHS) are developing clinically and economically relevant technologies, providing skills training for medical personnel and financing solutions of funding for industry players. Similarly, Siemens Healthineers is utilizing artificial intelligence to interpret radiology images (X-ray, MRI and CT scans).
Inequity in Phillippines affects the healthcare sector, enabling Hospital Management Asia to enable solutions specific to digitization and information communication improvements in business, telemedicine and healthcare developments. Philippines make up about 45% out-of-pocket medical expenditure. Prescription drug however continue to dominate the market. Laws such as the Cheaper Medicines Act of 2008 and the Universal Healthcare Act of 2013 driving the growth potential of generic drug market, 5 out of 10 Filipinos use generic drugs. Dairy Farm International, a Hong Kong-based company, has entered the Philippine pharma market through its 49% stake in Rose Pharmacy.
In order to cost reduction of pharmaceuticals, Japanese government is introducing policies to expand the use of generic drugs. E-commerce regulations are becoming a dire need in countries like India owing to f 259.14 million Internet and broadband subscribers. New Long-term Care Services Act passed in Taiwan that will regulate the provision of care professionals for physically challenged or mentally impaired, living alone and unable to care for themselves.

The Healthcare Sector market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, Asia Pacific economic downturn, high probability of terror attack, etc. The Asia Pacific Healthcare Sector market is expected to grow at a healthy rate during the forecast period (2018-2024). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the Asia Pacific Healthcare Sector market.

The report provides a basic overview of the Healthcare Sector industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on Asia Pacific major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Healthcare Sector industry development trends and marketing channels are analyzed.

The research includes historic data from 2014 to 2017 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Healthcare Sector on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Healthcare Sector Market and assist manufacturers and investment organization to better grasp the development course of Healthcare Sector Market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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