WELLNESS IN BUSINESS: Philippines, ideal market for Growing Life Science, Worldwide Health Care Industry - Study

“Aging populations, chronic and lifestyle diseases, emerging-market expansion, and treatment and technology advances are expected to spur life sciences sector growth in 2015,” an international professional service firm said. In a research done by Deloitte Touche Tohmatsu Limited, it was mentioned that major life sciences companies in the world are expected to continue expanding their presence in emerging markets through acquisitions and joint ventures. Leading organizations have also began looking beyond the traditional emerging markets of Brazil, China, India and Russia for opportunities to establish or increase their presence in next emerging markets, which includes the Philippines. “Innovation is becoming the spearhead for life sciences companies looking to enter, grow and thrive in today’s market,” said Mohit Grover, Life Sciences and Health Care Leader for Deloitte Southeast Asia.