SEA Health Tech Investment Insights
HealthCare Expenditure is on the rise, growing even
faster than GDP
Growth of Health Expenditure Per Capita vs. GDP Per Capita (Index chart base year: 2012 = 100)
160
140
Indonesia
160
Vietnam
160
Thailand
140
140
120
120
120
100
100
100
80
80
80
2012 2013 2014 2015 2016 2017
2012 2013 2014 2015 2016 2017
2012 2013 2014 2015 2016 2017
160
Philippines
160
Malaysia
160
Singapore
140
140
140
120
120
120
100
100
100
80
80
80
2012 2013 2014 2015 2016 2017
2012 2013 2014 2015 2016 2017
Total Health Expenditure per Capita
2012 2013 2014 2015 2016 2017
GDP Per Capita
With healthcare cost outpacing economic 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 425 billion.
Sources: World Health Organization, BMI Report, Solidiance Analysis ("The ~USD 320 Billion Healthcare Challenge in ASEAN")
INSEAD
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