""Asia has more diabetes, cancer and cardiovascular patients than anywhere else in the world," Abrar Mir states, emphasizing the severity of the health crisis in the region."
""In this region, private capital is essential in building out social infrastructure," Mir explains, highlighting the critical role of private investment in healthcare access."
Southeast Asia is experiencing a rise in non-communicable diseases, with Asia having the highest rates of diabetes, cancer, and cardiovascular patients globally. The healthcare market in Asia is projected to reach $5 trillion by 2030, yet it currently accounts for only 20% of global healthcare spending. The region's governments allocate less than 4% of GDP to healthcare, which is significantly lower than the 9% in OECD countries. This funding shortfall may necessitate increased private capital investment in healthcare infrastructure.
Read at Fortune
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