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Fortune
Fortune
Abrar Mir

Patient private capital is needed to help Asia plug its healthcare gaps

(Credit: Getty Images)

Asia’s healthcare challenges include aging populations, rising disease, and strained infrastructure, but the crisis is better understood at the kitchen table, where families decide what conditions to treat, and what to ignore, according to their savings.

While the APAC region makes up 60% of the world’s population, the region accounts for a mere 22% of global healthcare spending. According to the World Health Organization, most developing Asian countries spend just 2–3% of GDP on health, and in many cases public funding amounts to less than $150 per person annually, compared with more than $4,000 per person under OECD norms. Government procurement bottlenecks add further friction, delaying nearly 40% of major health projects. This means that in practice, families often absorbed costs, doctors improvised, and communities carried the burden.

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