Ken Research - Healthcare Spending Indonesia | Page 2

The clinical laboratory market is expected to increase 1.5 times by 2022 supported by higher
growth in esoteric tests segment. The esoteric tests segment is expected to register a high
growth during this period. The standardization of the Coordination of Benefits (CoB)
agreement between private insurers and JKN will create opportunities for private
independent laboratories to collaboration with private hospitals resulting in increase in
external referrals. Private hospitals without facilities to perform specialized or esoteric tests
will be able to refer out these tests to private independent laboratories for those patients
who require these tests and are covered through the CoB scheme. The major private
independent laboratories chains are expected to undergo geographic expansion beyond key
cities into underdeveloped areas. This will further lead to increase in market share in the
overall Indonesia clinical laboratory market. For instance Prodia plans to establish up to 33
new clinical laboratories by 2021. Further, the industry will witness a rising trend towards
precision medicine also known as personalized medicine. Growth in the availability of
testing equipment that can be operated locally and that does not require free-standing
clinical laboratories and advancements in self-testing kits that can be operated by customers
themselves can result in a decrease in the volume of tests at laboratories.
Rising awareness of preventive healthcare supported by growing disposable income
coupled with elevating prevalence of chronic and lifestyle diseases will lead to an increase in
number of walk-in patients which will propel Indonesia clinical laboratory market revenue
in future.
Ken Research in its latest study, “Indonesia Clinical Laboratory Market Outlook to 2022 -
By Type (Public Clinical Lab, Private Hospital Labs and Private Independent Labs), By
Type of Test (Routine, Non Laboratory and Esoteric)”, suggests that clinical laboratory
market is expected to reach USD 3.2 billion by 2022 growing at a CAGR of 11.5%.
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