There is a growing demand in Indonesia and market research has shown data which has made public and private health providers motivated to expand and upgrade the health services across the country. These will surely have an impact on the growing demand for medical devices and technology.
Indonesia’s medical devices market
The Indonesian medical devices market is expected to reach a huge market volume soon. Potential buyers for medical devices are public and private hospitals. The standards of health services and the equipment needed differs and depends on the hospital type.
The middle and upper income brackets seek health treatments outside of Indonesia instead of within the country. This has posed as a challenge for the country. Now, they strive to improve service quality in order for these people to opt for the country’s own.
These are the some of the sectors considered immediately attractive to invest in:
- Diagnostic Imaging
- Diabetes Care
- Emergency Care and Mobile Care
- Implants and Orthopaedic Appliances
- Respiratory Devices
- IT Solutions for Hospital Management
- Medical Waste Technology
Indonesia’s medical devices imports by high potential sub-sectors in US$ millions
|Implants and Orthopaedic Appliances||0,8||81,1||127,8|
|Furniture & Wheelchairs||3,6||17,0||33,1|
Devices used for diagnostic imaging are in demand at the moment due to the increasing number of non-communicable diseases that require diagnostic imaging. The increasing number of these hospitals are expected to triple in the coming years.
Because diagnostic imaging devices are standard equipment in every hospital, along with the increasing number of public and private health institutions will power up the demand for it. This will then lead to investments by manufacturers of such devices.
A large portion of the country’s people are afflicted with diabetes and most of these do not even receive treatment. This poor statistic is due to lack of professional help. Meanwhile, this will pave way for more opportunities in other alternate forms of treatment.
Emergency care and mobile care
Emergency care outlets require devices to be of the highest quality. However, Indonesia appears to lack the necessary equipment in their emergency facilities. This is also the case for mobile health care services. Because of this growing need, it’s bound for this particular sector to grow.
Implants and orthopedic appliances
The demand for implants and orthopedic appliances are growing bigger. This is mainly due to the strong relationship the suppliers and manufacturers have with their clients.
Prices of such have also lowered making it more affordable at an even higher quality. This has made demand grow rapidly.
Though small, there is still a growing demand for respiratory devices. This trend is particularly driven by hospitals which will require these particular devices.
IT Solutions for hospital management
Old hospitals have a Health Information System (HIS) that can’t be integrated with other information systems. For up and coming hospitals, they would want to install software systems that are able to integrate data generated.
Medical waste technology
The health care industry is growing and along with this are the medical wastes that come as a byproduct of it and the rate of medical waste generated increases as well. Management of medical waste is a responsibility for every health care service provider. Indonesia regulations has now placed hospitals and healthcare industries obligations to use licensed providers for correct waste handling.
- Underserved health facilities which have not met the standard requirements and equipment despite the growing demand of health services.
- The new insurance health coverage, JKN (Jaminan Kesehatan Nasional), that will soon cover all Indonesians in 2019 is expected to further increase the demand for health services. The insurance coverage is mandatory and a share of the salary will be used as insurance premium, or if the person cannot afford to pay, the government will be the one to cover them.
- Spending of health care services is slowly growing and it is mainly because of the middle class in Indonesia.
Market research tells us that Indonesia is struggling to keep up with the rising challenges of the healthcare industry. Nevertheless, if they’re successful with their plans, this will totally prove to be a good source of economic growth for the country.