Increasing healthcare costs, health coverage gaps and low quality healthcare can threaten not just the overall productivity of society, but also the general well-being of individuals. However, as countries develop and economies grow stronger, governments are spending more money to increase healthcare quality and affordability for their citizens. With this in mind, we studied the healthcare industry in 13 top economies in APAC to see which country is leading the way in providing high quality and affordable healthcare for its citizens.
Japan ranked first in terms of healthcare outcomes, affordability and accessibility. New Zealand and Japan’s governments allocated the greatest percentage of their budget to healthcare at 22% and 23%, while India allocated the least at 3%. Singapore, Japan, Hong Kong & Australia rank consistently well across healthcare outcomes such as life expectancy, mortality rates and access to quality medical services. 1. Japan