Is ASEAN’s healthcare market bigger than India’s?

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In 2010 the Total Health Expenditure (THE) of Asean countries is estimated to be US$58.5 billion, which is 15% higher than India's US$51.1 billion. So, yes today, Asean's healthcare market value is bigger than India's.

Asean comprises the South East Asian countries of Cambodia, Indonesia, Malaysia, Pakistan, Philippines, Singapore, Sri Lanka, Thailand and Vietnam. Together they have a population of 701 million, which is 60% of the population of India, at 1.1 billion. Hence the per capita spend on health of Asean countries (US$83) is much greater being almost double that of India (US$44).

Over the next 10 years India's Total Health Expenditure growth is projected to be greater (predominantly due to higher GDP increase), reaching US$94.2bn compared to Asean's US$84.3bn. The Total Health Expenditure per capita in India of $72 will remain at a lower rate than that of Asean at US$107.

So in summary Asean today has a greatest THE and a much higher THE per capita, however, over next 10 years, India's THE will overtake Asean's, but the per capita spend still remains higher in Asean than India.

What about out of pocket spend on Healthcare?

Both Asean and India have a large proportion of the total health expenditure comprising out of pocket expenditure – so understanding the affordable market is vital in assessing market access to healthcare. India has a much higher proportion of 63% in 2010 compared to Asean's 40%, and hence higher value of out of pocket expenditure on health of US$32.2bn compared to US$23.2bn*. Over the next decade India's household health expenditure or out of pocket expenditure on health is projected to increase to US$52.2bn and Asean's to US$31.0bn*.

*Excludes household health expenditure from Cambodia

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