Further, increase in communicable and non-communicable diseases, changes in health insurance patterns and favourable investment policies present growth opportunities for medical devices and pharmaceutical and biotechnology segments.

"The healthcare service industry is shifting focus to target the entire spectrum of population rather than urban areas through advanced technologies like home monitoring and telemetries," noted Srinivasan. "This has led to wide adaptation of networking and information technology in APAC countries."

As such, healthcare revenues in the region are expected to grow from the $337.94 billion in 2011 to $521.42 billion in 2015 at a compound annual growth rate (CAGR) of 11.5 percent, as compared to rest of the world, which showed a CAGR of 4.3 percent.