The Medical Technologies Sector – Key Trends in South East Asia

The Medical Technologies Sector – Key Trends in South East Asia

Why Buy This Report?

The Association of South East Asian Nation (ASEAN), which encompasses Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, is one of the world’s most diverse, fast-moving and competitive regions. If it were a single country, ASEAN would be the seventh largest economy in the world, offering opportunities in the form of a huge market of nearly USD 2.55 trillion and 635 million people. The region declared itself as a common market, the ASEAN Economic Community (AEC), at the end of 2015, achieving a major milestone in the regional economic integration agenda in ASEAN.

With a rapidly growing population and personal disposable income, the demand for healthcare is South East Asia is expected to skyrocket in the next decade. The region's medical device market is expected to grow from USD 4.6 billion to USD 9 billion by 2019. Increasing affluence is not only driving the demand for better quality healthcare, but is also contributing to a wide spectrum of chronic diseases that are related to poor lifestyle choices, such as cancer, obesity, diabeters and arthritis. Singapore, which has an aging population, is seeing a sharp increase in the demand for healthcare, while other ASEAN markets such as Indonesia and Vietnam have rolled out ambitious health insurance schemes, which has fueled investment into the healthcare sector.

Many of the ASEAN countries, for example, Vietnam, Malaysia and Thailand, are highly reliant on the import of medical technologies, especially high-grade and sophisticated devices. While opportunities for the medical technologies sector abound in the region, ASEAN’s diverse healthcare markets make it essential for foreign medical device firms to investigate deeper into the healthcare framework of each market, to better understand the healthcare capacities available for different types of healthcare provision in each country, the quantity and quality of healthcare services provided as well as the bottlenecks and challenges faced by each market.

Report Structure

The report covers the six key ASEAN markets: Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines. For each market, we offer a country profile, and a descriptive analysis of the country’s healthcare sector, from the healthcare trends shaping the market, to the healthcare infrastructure, as well as the role played by its government. Next to this more general introduction, the key characteristics of the medical technologies sector are presented, followed by a special focus on assistive technologies and ICT. One of the key sections of the report is a profile of key buyers in the country, namely hospitals, pharmacy chains and medical testing laboratories. We hope the report offers you a fresh perspective on the current landscape influencing the medical technologies sector in the region, and the range of opportunities it offers.

The report is designed to provide comprehensive and well-structured information to help a company understand the opportunities in the market, and offers a wide range of data and information collected from various sources that were built together in order to give a deeper insight into the industry.

Research Methodology

Orissa International regularly undertakes market research projects in various sectors in South East Asia for trade promotion agencies and individual companies. With more than 20 years of experience of helping companies with their market entry into South East Asia, our in-country research teams have acquired extensive and practical hands-on industry knowledge.

Research in each country is undertaken by an in-market analyst. Our physical presence in the market gives us an ability to engage directly with local industry contacts, keep track of commercial opportunities in the market and monitor the latest market trends and industry events that impact the market.

We undertake desk research to gather as much secondary data and information from a variety of credible sources. These include our proprietary distributor databases, specialist trade press, business and mainstream press, industry news and events, market studies, financial reports, trade associations, as well as company profiles, publications and annual reports. Orissa International applies various processes and a series of quality checks to validate data and information to ensure the quality, completeness and accuracy of our reports.

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The Medical Technologies Sector – Key Trends in South East Asia

Sep 2017

US$ 2,600

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