Indonesia’s Medical Devices Market Trends

Indonesia’s Medical Devices Market Trends

Growing demand in Indonesia has made public as well as private health providers motivated to expand and upgrade their health services across the country. This will translate to growing demand for technology and medical devices.

Indonesia’s medical devices market The Indonesian market for medical devices is expected to reach a huge market volume soon. Potential buyers for medical devices are private and public hospitals. The standards of health services and the medical equipment needed differs and depends on the type of hospital. The middle and upper-income brackets seek health treatments outside of Indonesia instead of getting treated within the country. This has induced

Health Service Providers to improve service quality for these people to opt for the country’s goods and services.

Market growth from 2012 to 2017 The market was in the growing stage during 2012-2017 and is almost totally import driven. The market has seen a growing number of foreign players supported by increasing number of hospitals or other health centers in Indonesia. There were higher number of medical device production units and medical device distributors.

Imports account for a significant share of Indonesia Medical Device Market in 2017. The imports are largely related to more sophisticated medical and surgical instruments. The share of local companies in the market revenue has increased from 2014 to 2017. Most of these devices are imported from USA, Germany, Japan, and Netherlands. The lower share of domestic production is due to lack of capabilities and a lesser number of manufacturing companies in Indonesia. E-catalog is the main development that the government is continually improving as it is a game changer that will affect the procurement of medical devices.

Through e-catalog, bad bureaucracies can be eliminated resulting in a more efficient procurement.

Orthopedic Implants and appliances The demand for orthopedic implants and appliances is growing bigger.

This is mainly because of the strong relationship the suppliers and manufacturers have with their clients. Prices have also been lowered making it more affordable combined with a product of even higher quality. This has made demand grow quickly.

Content Source: https://www.siiora.co.id/blog/indonesias-medicaldevices-market-trends/