Healthcare spending in emerging markets is on the rise
Healthcare expenditure in emerging markets is expected to grow at a compound annual growth rate (CAGR) of 9% between 2015 and 2020 due to rising incomes and a growing middle class (Figure 1).
As lifestyles change, people are likely to spend more on healthcare and demand better services, access to new tools, and better health information.
Underdeveloped infrastructure and an acute shortage of healthcare professional resources are becoming priority issues in emerging markets, where 75% of deaths occur due to chronic diseases such as cardiovascular, cancer, and diabetes