China and India markets to grow
A new report from Persistence Market Research (PMR) looking at the global private healthcare market – including private medical insurance, long-term care, acute medical care and psychiatric care – suggests that China and India will show the fastest growth by 2020. “North America dominates the global market for private healthcare,” said the company, “due to [its] ageing population and increasing lifestyle-associated diseases. Asia followed by … Europe are expected to show high growth rates in the next five years … China and India are expected to be the fastest growing private healthcare markets in the Asia-Pacific region. Some of the key driving forces for private healthcare market[s] in emerging countries are large pool[s] of patients, increasing healthcare awareness and increasing healthcare expenditure. In addition, in emerging countries, due to a lack of resources, governments are not able to meet healthcare needs.”
PMR’s report analyses market size and forecasts growth for different segments and regions for the period 2010 to 2020, as well as profiling various large corporate entities in the market.