Asian Health Care Markets
The markets from Asian countries for the healthcare are a concern for next few years. There is a quantum of need from the Asian market for providing better healthcare standards. Out of the entire shortfall, China will be having the major chunk to cater to the health care costs, according to the research studies. The other country which will envisage a shortfall is Indonesia, which will also reflect a significant shortfall in the scope for investing on health care costs.
The kind of conventional inputs from various quarters of spending on health care presently, the changing life style trends and the need for better health care standards correlates the outcome which is mentioned above. However it can’t be ignored that the kind of shortfall which is anticipated now can go much higher due to the kind of economic conditions which will prevail, the cost of inflation, and the social conditions.
There are millions of people who run in to financial crisis, because they are bound to spend on contingency medical needs, and often such medical expenses turning out to be with higher proportion than what they could afford to. In India, even today, despite of growth in the insurance market and other aspects, still more than 60% of the healthcare spending is from the individuals from their pockets, which in current scenario is a huge blow on the working class of the Indian public.
When compared to other countries like China and Malaysia, where the kind of spend from pockets are comparatively lesser than that of India, it raises alarming concern about the costs associated with health care industry in India. In India, apart from the advancements in health care industry, there is also a pressing need for regulatory bodies, and associations to work on creating awareness on the Health Insurance schemes, enhancing the healthcare facilities in the community centers.
Today, in lieu of global economic slowdown, changing life styles, growing inflations, and the stress on of individuals, health care turns out to be a critical concern. Keeping in purview, an integrated approach from the authorities are the need of hour to establish a connect amongst the stakeholders of the health care industry and raise the metrics to a safe zone.
Healthcare industry is undergoing rapid changes and there is plethora of advancements which is taking place in the manner of technological , medical and Infrastructural developments, unless the issues of affordability has been addressed properly, the kind of developments may not be resourceful to the economic and national development.