Ostomy Products Sales Indonesia, Suturing Materials Market Indonesia: Ken Research

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Indonesia Medical Devices Market Outlook to 2022
Ken Research
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The Indonesia healthcare market has shown a
positive incline during 2012-2017 but with
respect to the expanding population of Indonesia,
the market is still underserved especially in the
underdeveloped and rural areas as of 2017. People
across Indonesia are facing several health care
issues due to sedentary lifestyle and fast food
consumption habits, such as obesity, diabetes,
and other cardiovascular diseases, which are
demanding for technologically advanced healthcare
infrastructure. The healthcare market has
increased on the account of increasing healthcare
facilities, innovation in pharmaceutical
manufacturers and clinical laboratory services
and expansion of pharmacy retail chains across
the country. The market has witnessed enhancing
innovation in nutritional health segment,
biopharmaceuticals and specialty pharmaceutical
products. Hospitals in the country contributed to
the maximum share of overall healthcare market as
of 2016. Over of the market revenues were
generated from the hospitals segment followed by
the pharmaceutical market with in 2017. The
Indonesia Healthcare market revenue has increased
from USD billion in 2012 to USD billion in
2017 primarily due to rising prevalence of
non-communicable and lifestyle diseases including
diabetes, asthma and heart disorders.
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The industry has undergone various deregulation
programs which has encouraged foreign investment
in the industry. Furthermore, increase in demand
for generic medicines has led the major players
in the industry to expand their production
capabilities. The market was in the growing
stage during 2012-2017 and is almost entirely
import driven. The market has seen increasing
number of foreign players supported by growing
number of hospitals or other health centers in
Indonesia. There were medical device
distributors and medical device production
units in Indonesia as of 2015. Indonesian export
performance for medical equipment commodity also
exhibited a positive trend. The main export
destination for Indonesian medical equipment are
Singapore, Germany, Japan, the United States,
China, the Netherlands, India, Malaysia, Myanmar
and Afghanistan. The demand has increased majorly
for diagnostic imaging, medical consumables,
aesthetic, orthopedic and dental products. This
is driven by increased healthcare spending and
rising awareness about different treatment
methods. Rising share of esoteric tests has
created demand for modern equipment such as
pacemakers with micro-chip technology, laser
surgical device and test kits, which may include
monoclonal antibody technology.
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Diagnostic imaging products have accounted for
the largest share of of the revenue share in
Indonesia Medical Devices market in 2017. This is
due to the increase in the number of hospitals
specializing in cancer, cardiology and the
increase of non-communicable diseases who demand
specialized medical devices in order to provide
better quality services. This is followed by
medical consumable product with , aesthetic
devices with , auxiliary devices with ,
dental products with and orthopedic implants
with . Hospitals both public and private are
the major end users of medical devices and have
accounted for of the revenue in Indonesia
Medical devices market in 2017. The medical
clinics and Laboratories and other healthcare
institutions together have contributed of the
revenue. The major method of procurement has been
through e-catalogue where the manufacturers and
distributors can register their medical devices.
Additionally, the hospitals release tenders in
order to procure the medical devices or they have
partnered with the suppliers. Imports have
accounted for of the revenue share in
Indonesia Medical Device Market in 2017. The
imports are largely related to more sophisticated
medical and surgical instruments and
infrastructure. The share of local companies in
the market revenue has increased from in 2014
to in 2017.
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Most of these devices are imported from USA,
Germany, the Netherlands and Japan. The lower
share of domestic production is majorly due to
lack of capabilities and fewer numbers of local
manufacturing companies in Indonesia. Syringes,
Needles and Catheters have accounted for the
major share of in the Indonesia medical
consumables market in 2017. Bandages and
dressings have accounted for the second largest
share of in the medical consumables market.
Suturing materials have contributed to the
revenue share. Ostomy products have accounted for
of the market and other consumables registered
of the revenue share. E-Catalogue is a key
development that the government is continually
improving on since it is a game changer that will
affect the procurement of medical devices.
Through e-catalogue, bad bureaucracies could be
eliminated resulting in a more efficient
procurement. At the same time, transparencies in
pricing help to create a healthy competition. As
of March 2015, 53 providers are listed in
e-catalogue and the numbers continue to grow. Big
companies like Philips, Sysmex, Bbraun, and GE
have also listed in e-catalogue. The
implementation of the Jaminan Kesehatan Nasional
(JKN) insurance scheme has spiked patient volumes
significantly, heightening the demand for
hospital beds, medical devices, affordable
medicines and diagnostic services.
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Corruption and heavy bureaucracy are an
indisputable presence in the Indonesian market.
Favorable payment term also plays a role in the
decision, and inflexibility in terms of sales,
payment schedules and length of contract could
pose a barrier for buyers. Further, some
regulations regarding medical devices might pose
a challenge for exporting companies, such as the
mandatory registration of medical devices at the
Ministry of Health before clearance through
Indonesian Customs. This process can be lengthy
and must be conducted by local distributors. The
Indonesia Medical device market is dominated by
imported products. The local companies
manufacturing is restricted to production of
medical consumables and hospital furniture. The
market is in the growing stage and with the
implementation of Universal Healthcare System by
the government the demand for medical devices
has further increased. The major competitive
parameters include product portfolio, price,
distribution network, after sales services and
additional services. The major local
manufacturers include Indo Health Medical, PT
Andini Sarana, PT Trimitra Garmedindo Interbuana,
PT Mega Andalan Kalasan and Citra Medika Lestari.
The major international players include GE
Healthcare, Siemens, Philips, Samsung and
Hitachi. Major distributors include PT Mensa Bina
Sukses, PT Transmedic Indonesia and PT Surgika
Alkesindo.
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A shift towards more advanced medical equipment
in the country, the expansion of private
healthcare providers, increased government
spending on healthcare and infrastructure
development projects will drive growth in the
long term. Geriatric population would also
increase the demand for home-use devices as the
patients in this age would opt for procedures in
the comfort of home. Peritoneal dialysis is major
example of such procedure, which is preferred by
the patients to be conducted at home rather than
visiting dialysis centers for hemodialysis. High
prevalence of diabetes in the country is further
going to increase the demand for glucose
monitoring machines for home-use and peritoneal
dialysis equipment for dialysis of kidney-failure
patients, increasing the share of home-use
devices. Aging population is going to impact the
demand for orthopedic products and implants and
assistive devices market in the positive
manner. Key Topics Covered in the
Report Medical Device Market Indonesia Medical
Consumables Market Indonesia Type of Medical
Devices Indonesia Medical Device Imports
Indonesia
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Medical Device Future Trends Indonesia Trends
Indonesia Medical Device Industry Medical Devices
Imports Indonesia Major Medical Device
Manufacturers Indonesia Major Medical Device
Distributors Indonesia Major International
Companies Medical Device Indonesia Medical Device
Competition Parameters Number of Medical Device
Distributors in Indonesia Type of Medical
Consumables in Indonesia Medical Device
Procurement Indonesia Orthopedic Equipment Market
Indonesia Diagnostic Imaging Industry
Indonesia Medical Consumable Sales
Indonesia Dental Devices Market
Indonesia Competition Orthopedic Devices
Indonesia Market Share Medical Device
Indonesia Future Indonesia Medical
Device Domestic Sales Medical Devices
Indonesia Imported Medical Devices Indonesia
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Woundcare Market Indonesia Syringes, Needles
Sales Indonesia Bandage and Dressings Revenue
Indonesia Suturing Materials Market
Indonesia Ostomy Products Sales Indonesia   For
more information on the research report, refer to
below link   https//www.kenresearch.com/healthc
are/medical-devices/indonesia-medical-devices-mark
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