By 2025, regional dynamics will end up altering global healthcare in a variety of ways. Take North America, which is currently the biggest healthcare market in the world, and Europe, which is the second biggest healthcare market. These two markets are expected to change, with one market in another part of the world growing stronger. Keep reading to find out more.

A Growing Asian Healthcare Market

In particular, Asia, not including Japan, has a healthcare market that’s expected to continue expanding at around 11.7%. As a result, it will end up overtaking Europe over time. This opens up even more opportunities for individuals who are interested in studying everything from healthcare administration and healthcare leadership, to healthcare management and everything in between.

Contrast that with Japan, which has the fourth biggest healthcare market. It will be eventually be overtaken by Latin America, which is expected to keep expanding at around 10.4%.

When 2025 rolls around, the regional shares throughout the healthcare market, from the smallest to the biggest, will shift, and the order will end up being: North America followed by Asia and Europe. Those will be followed by Latin America and Japan as the biggest markets.

What’s Driving Growth in the Asian Healthcare Market?

The incredible growth that has been occurring in the healthcare market throughout Asia is actually driven by China and India. There are also funding schemes from governments, and those are expected to add the Philippines, Vietnam, and Indonesia to the list of countries whose healthcare industry is rapidly expanding.

What about Europe?

Europe will fall from its current ranking in the healthcare market. The countries that have been the most adversely affected by a Euro in decline are Spain, Portugal, and Greece. In the meantime, the United Kingdom is trying to deal with the pound’s decline and all of the problems that have arisen since Brexit. And because of political tensions, Russia isn’t doing as well, either.

What Does This Mean for Investors?

As the global healthcare industry begins to shift, those who are stakeholders in this market will have to alter the focus of their investments. Shifting your spotlight to Asia will be necessary, as it really does have the potential to eventually be the biggest healthcare market on the planet, especially if its existing growth rate continues.

Another smart investment opportunity is in the Latin American market, where experts are predicting some important opportunities that are the result of increased demand and a rising population, along with a growing middle class that has more disposable income than before. In that part of the world, growth has also been supported by a boost in private healthcare options, as well as a bigger population that is working and able to support seniors.

Ultimately, it will be wise healthcare investors who will help the Latin American and Asian markets continue expanding. Although there will be a few difficulties along the way, healthcare players can invest in these parts of the world, as well as locate partners and design strategies for each nation, to inspire more growth.

Throughout Asia, there are more overpopulated countries than on any other continent and although the world knows that China has the largest population, it might surprise you to know that within the next couple of decades India is projected to bypass the population of China, becoming the largest country on earth. However, those honors are dubious because at the same time as they are the largest countries on earth they also have the greatest medical needs among which are hospitals.

Welcoming Medical Professionals from the West

Many of these countries in Asia are considered to be developing nations while others are somewhere in between, being categorized as Newly Industrialized Countries which means they are somewhere in their technological development between developing nations and developed nations. These are the countries, these NICs which welcome medical professionals from the West to both teach as would someone with a doctorate in nursing practice and to help staff clinics and hospitals that are in grave need of human and technological resources. Anyone studying for an advanced degree in nursing from online programs like those offered at Bradley University would do well to specialize in something that can be shared with developing and newly industrialized nations in Asia.

Why Hospitals Are in Such Demand

The most important factor to affect healthcare in Asia is the fact that populations are growing faster than communities and the government can build and supply hospitals to meet greater demands. Also, much of the population in parts of the region has not been to a doctor in recent years, sometimes ever in their lives. As a result, care being given would be both acute and chronic. With a lack of healthcare facilities in smaller outlying regions, communicable diseases run rampant and are difficult to stop.

Technology Is Lagging

Since most countries in Asia other than Korea and Japan are really lagging when it comes to technology, the very technology we depend on here in the West is sadly missing from their healthcare systems. This is something governments are focusing on and within the next few years this issue should have less of an impact. From current diagnostics to various technologies used in the treatment of diseases such as cancer, there is a real need for better technology and professionals to operate each piece of equipment. Growing numbers of experts are finding work in Asia and together with a people who are eager to learn, healthcare will get the boost it so sorely needs.

While the population of Asia exceeds that of any other region in the world, the region is still behind in terms of healthcare professionals and healthcare technology. Anyone seeking to advance their careers in medicine would do well to study for an advanced degree and then seek employment in the region. This would provide a wonderful opportunity for personal growth, helping NICs and developing countries expand their technology to serve an already large and continually growing population. Shared resources offer the best chance of success.