Private healthcare providers: The prognosis for growth
Deloitte Southeast Asia’s newest study has clearly demonstrated a positive causal relationship between increasing wealth of a country and the demand for healthcare. The reasons for the growing demand for more and better healthcare may be attributed to the rapidly growing economies, increasing urbanisation and aging population. According to the CEOs of a number of private healthcare providers in Southeast Asia who were interviewed for Deloitte’s study, entitled ‘Private healthcare providers: the prognosis for growth’, this correlation is clearly visible in the region.
Undoubtedly, lifestyle changes in Southeast Asia and chronic diseases related to these lifestyles have caused a significant shift from sickness care to healthcare – placing priority on prevention rather than cure. At the same time, consumers now have better access to information and have become more demanding when considering healthcare options. The aging nature of the population also has a significant impact on the healthcare delivery system and contributes to rising costs. In fact, Asia has the highest share of those aged 65 and above in the world: exceeding 50% in 2000 and expected to grow to 61% by 2030.