Indonesia Healthcare Market on the Basis of Revenue is Expected to Reach USD 32 Billion by 2022: Ken Research
15 Mar, 2018, 03:30 GMT
GURUGRAM, India, March 15, 2018 /PRNewswire/ --
- The number of beds increased in specialty hospitals from 27,664 beds in the year 2012 to 35,120 beds in the year 2015.
- In the long term, the pharmaceutical industry will witness an increase in demand for nutrition and micronutrient supplements due to growing prevalence of lifestyle diseases such as obesity and malnutrition.
- The esoteric tests segment is expected to register a high growth in the future.
- The demand for clinical laboratory and diagnostics equipment has increased due to prevalence of diseases related to circulatory problems, diabetes, infections, parasites, and respiratory problems.
Indonesia healthcare market has shown a positive growth during 2012-2017 at a CAGR of 10.0% but with respect to the expanding population of Indonesia, the market is still underserved especially in the underdeveloped and rural areas as of 2017.
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Increase in private hospitals contributed significantly in the growth of hospital market due to rise in specialized medical services and increased spending on healthcare. For instance, number of mother and child hospitals has increased from 169 in 2012 to 178 in 2015. Major hospitals in Indonesia are PT Mitra Keluarga Karyasehat Tbk, Sarana Meditama, Siloam Hospitals and PT Sejahteraraya Anugrahjaya
Indonesia Pharmaceutical market revenue has grown at a CAGR of 11.7% in the last 5 years. The market is primarily driven by government's economic and healthcare initiatives with respect to FDI regulations which have facilitated foreign investment in this space. Anti-infective drug has the largest share in Indonesia Pharmaceutical industry revenue in 2017. This is mainly due to high prevalence of bacterial, viral and communicable diseases. Bayer AG, Kalbe Farma Tbk PT, Tempo Scan Pacific Tbk PT, Sido Muncul PT, Darya-Varia Group are the leading players in Indonesia Vitamin and Dietary Supplements market in 2017.
The advanced medical devices are imported from countries such as Germany, US, China, Japan and Singapore. The import value for medical devices has doubled itself in last 2 years. Local companies majorly deal in surgical gloves, bandages, hospital hollowwares and other equipments. The diagnostic imaging devices have accounted for the largest proportion of the total demand in 2017 driven by the growing awareness among people about early disease diagnosis and a high number of ongoing research activities. X-ray segment has dominated the market which is a cost effective diagnostic technique. Diagnostic imaging techniques - ultrasound is the most frequently used procedure, followed by X-ray, CT, MRI, and nuclear medicine.
The major private laboratory chains have expanded their operations in terms of capacity and geographic presence. The largest private laboratory chain, Prodia established 9 new labs during 2012 to 2017. Prodia's number of clinical laboratory increased from 120 in 2012 to 129 in 2017. Precision medicine is an emerging approach for disease treatment and prevention that takes into account an individual's genetic history, environment and lifestyle during treatment. Precision medicine can be successfully implemented with the availability of diagnostic information, such as individual gene sequencing.
A major factor behind the rising number of pharmacies is the growth of prescription sales driven by an aging population and a range of new drugs. Independent pharmacies have also added value with specialty services. This includes free home delivery, after sale services for medical equipment and medication synchronization and counseling, especially for more complex drugs like the biologics.
According to the report by Ken Research titled "Indonesia Healthcare Market Outlook to 2022 - by Hospitals, Clinical Laboratories, Pharmaceutical, Pharmacy Chains, Medical Device Segment", rising investment by foreign players in the country would increase the demand for medical devices and other associated products in the newly developed infrastructure, hence boosting the overall market.
Key Topics Covered in the Report:
- Indonesia Healthcare Market
- Indonesia Healthcare Industry Market Future Outlook and Projections
- Indonesia Hospital Market Size
- Market Segmentation
- By Public and Private Hospitals
- By General and Specialty Hospitals
- By Region
- Business Model for Indonesia Hospital Market
- Major Hospital Projects in Indonesia Hospital Market
- Competitive Landscape of Major Hospital Chains in Indonesia Hospital Market
- Mitra Keluarga Karyasehat Tbk PT
- Siloam Hospitals
- PT Sejahteraraya Anugrahjaya
- Sarana Meditama
- Rumah Sakit Pondok Indah
- Surya Husadha General Hospital
- Jakarta Eye Center
- Indonesia Hospitals Future Outlook and Projections by Revenue
- Indonesia Pharmaceutical Market Size
- Indonesia Pharmaceutical Market Segmentation
- By Therapeutic Segments (Anti-Infectives, Gastrointestinal and Metabolism, Cardiovascular System, Central Nervous System, Respiratory, Musculoskeletal, Dermatology, Genitourinary and Hormones, Blood, Oncology and Others)
- Vitamins and Dietary Supplements Market
- By Domestic and International Players
- By Generic and Patented Drug
- By OTC and Prescription Drugs
- By Domestic Sales and Exports
- By Region (West Java, East Java, Central Java, Jakarta and Others)
- Indonesia Biopharmaceutical Industry Snapshot
- Snapshot on Indonesia Vaccine Market
- Market Share of Major Players in Indonesia Pharmaceutical Market
- PT Kalbe Farma
- PT Sanbe Farma
- PT SOHO Global Health
- PT Dexa Medica
- PT Pharos
- PT Kimia Farma
- PT Tempo Scan Pacific Tbk
- PT Merck Tbk
- Indonesia Pharmaceutical Market Future Outlook and Projections
- By Therapeutic Segments (Anti Infectives, Gastrointestinal and Metabolism, Cardiovascular System, Central Nervous System, Respiratory, Musculoskeletal, Dermatology, Genitourinary and Hormones, Blood, Oncology and Others)
- By Generic and Patent Drugs
- Indonesia Pharmacy Retail Market Size
- Indonesia Pharmacy Retail Market Segmentation
- By Pharmacies and Drugstores
- By Region on the basis of Number of Pharmacies and Drugstores (Central Java, East Java, West Java, North Sumatra, Jakarta and Others)
- Competitive Landscape of Major Organized Pharmacy Chains in Indonesia
- Guardian Pharmacy
- Kimia Farma
- Apotek K-24
- AS Watsons group
- Indonesia Pharmacy Retail Market Future Outlook and Projections
- By Pharmacies and Drugstores
- Indonesia Clinical Laboratory Market Size
- Indonesia Clinical Laboratory Market Segmentation
- By Type of Laboratory (Public Clinical Lab, Private Hospital Labs and Private Independent Labs)
- Indonesia Private Independent Laboratory Market Segmentation
- By Type of Private Independent Laboratory (Laboratory Chains and Single Independent Laboratory)
- By Type of Customer (Doctor Referrals, Walk-Ins, Corporate Clients and External Referrals)
- By Payer (Private Health Insurance, Corporate, Out of Pocket and BPJS)
- By Type of Test (Routine, Non Laboratory and Esoteric)
- By Region
- Competitive Landscape of Major Organized Diagnostics Labs in Indonesia
- Prodia
- Kimia Farma Diagnostika
- Pramita
- Cito
- BioMedika
- Parahita
- Indonesia Clinical Laboratory Market Future Outlook and Projections
- By Type of Private Independent Laboratory (Laboratory Chains and Single Independent Laboratory)
- By Type of Test (Routine, Non Laboratory and Esoteric)
- Indonesia Medical Devices Market Size
- Indonesia Medical Devices Market Segmentation
- By Type of Medical Devices (Medical consumable Products, Diagnostic Imaging Products, Auxiliary Devices, Orthopedic Implants, Dental Products, Aesthetic Devices and Others)
- By Type of Medical Consumables (Syringes, Needles, Catheters, Bandages, Dressings, Suturing materials, Ostomy Products and Others
- By End Users (Hospitals, Clinics and Others)
- By Procurement (Imports and Domestic Production)
- By Type of Medical Devices (Medical consumable Products, Diagnostic Imaging Products, Auxiliary Devices, Orthopedic Implants, Dental Products, Aesthetic Devices and Others)
- Competitive Landscape of Major Players in Indonesia Medical Devices Market
- Major Local Manufacturers
- Major International Companies
- GE Healthcare, Indonesia
- Siemens, Indonesia
- Philips, Indonesia
- Major Local Distributors
- PT Mensa Binasukses, Indonesia
- PT Transmedic Indonesia
- Overview for Other Major Local Distributors (PT Surgika Alkesindo, PT Daya Inti Kurnia Abadi)
- Indonesia Medical Devices Market Future Outlook and Projections
- By Type of Medical Devices (Medical consumable Products, Diagnostic Imaging Products, Auxiliary Devices, Orthopedic Implants, Dental Products, Aesthetic Devices and Others)
- By Procurement (Imports and Domestic Production)
For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/general-healthcare/indonesia-healthcare-market/143541-91.html
Related Reports by Ken Research
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