Rising Medical Cost in Asia Pacific
Rising Medical Cost in Asia Pacific
It is estimated that by 2030, the middle class in Asia will reach 3.5 billion.1 The growth in urbanization and middle-class affluence has been characterized by the adoption of sedentary lifestyles which in turn has created an epidemic of chronic diseases including cardiovascular, cerebrovascular, diabetes and cancer-related illnesses. Across Asia Pacific, medical costs have been increasing and is expected to exceed 10% this year.2 You can’t afford to ignore the need to manage medical costs.
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Rising Medical Inflation in Asia Pacific
1https://www.weforum.org/agenda/2020/07/the-rise-of-the-asian-middle-class
2Willis Towers Watson’s 2021 Global Medical Trends Survey Report
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