Asia to elbow out Europe as the world's second-largest healthcare market by 2025

Yearly growth rate to hit 5.6% to $2.69tr.

Asia is set to replace Europe as the second-largest healthcare market in the world by 2025, according to research firm Frost & Sullivan.

The new analysis, “Vision 2025 - Future of Healthcare,” which is part of Frost & Sullivan's Advanced Medical Technologies Growth Partnership Service program, sees the global healthcare industry growing at a compound annual growth rate (CAGR) of 5.6 percent to reach revenue of $2.69 trillion by 2025.

View the full report here.