Recently published research from Espicom Business Intelligence, "The Medical Device Market: Indonesia", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 09/17/2013 -- OVERVIEW OF THE MEDICAL MARKET IN INDONESIA
Healthcare expenditure is low, estimated at around US$24.9bn in 2013; just over a third of this is publicly funded. 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.
In December 2012, the Ministry of Health (MoH) launched e-Regalkes or the Medical Device Registration and Household Health Supplies platform to improve the process of licensing medical devices in Indonesia. The e-Regalkes will be accessed via the Indonesia National Single Window (INSW) website.
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.
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The bulk of the Indonesian medical device market is supplied by imports (an estimated 97.2% in 2013). In 2011, imports rose by 2.1% over the previous year to US$493.3mn, in US dollar terms. Despite this slowdown in 2011, imports grew at a CAGR of 25.6% in the 2007-2011 period.
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