Published on Jan 28, 2025
Current Affairs
Boston Consulting Group (BCG)
Boston Consulting Group (BCG)

♦ According to the Boston Consulting Group (BCG) report, the Asia-Pacific healthcare market is on track to hit $5 trillion by 2030, driving 40 percent of global sector growth.

♦ The report noted that the unprecedented expansion is fuelled by rapid demographic shifts, investment influxes, and ground-breaking technology applications.

♦ The expansion also includes advancements in new therapies and modalities by Indian contract development and manufacturing organisation (CDMOs).

♦ It noted that Asia accounts for only 22 percent of global healthcare spending, despite being home to 60 percent of the global population.

♦ The report serves as a guide for investors and healthcare companies to reflect on the recent changes in the sector and implores into addressing key imperatives and immediate priorities.

♦ It also attempts to guide the reader to re-imagine healthcare by innovating to challenge existing inefficiencies.