2011-07-11 22:26:45 -
The Medical Device Market: Indonesia - a new market research report on companiesandmarkets.com
The Indonesian market for medical equipment and supplies was valued at US$430 million in 2010, equal to around just US$2 per capita. In overall market terms the total is similar to Hong Kong. In per capita terms the total is more akin to the Philippines.
Indonesia remains one of the poorest countries in South East Asia. The country lags behind in many areas of healthcare provision and the rupiah has devalued strongly over the years.
The weak currency and cheap labour costs have made it an attractive location for manufacturing activities. A base for export trade for multinational companies, exports in recent years rose as domestic production increased, particularly contact lenses which represented over a third of the total, as well
as electromedical equipment and hearing aids which also feature heavily.
Public funding for healthcare is low, estimated at around US$6.4 billion in 2010 and the country continues to rely on international aid. Despite the present administration placing more emphasis on healthcare, funding, insufficient numbers of health professionals and bureaucratic problems are hampering development.
There is a marked disparity in the standard of healthcare between rural and urban areas. The capital city Jakarta enjoys relatively good levels of primary care as well as a range of modern private specialist facilities, while healthcare coverage in remote regions tends to be insufficient.
The bulk of the Indonesian medical device market is supplied by imports, which dipped by 1.5% over the previous year to US$348.4 million in 2009. Imports have grown at a CAGR of 35.2% in 2005-2009.
Includes 3 quarterly updated outlook reports!
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