Market Research Reports - Ken Research Medical Devices Market Indonesia | Page 2

Mandaya Hospital expects to see sharp revenue growth: 30.0% y-o-y rise in 2018 as the hospital will invest in new equipment that should boost demand. In the long term, the pharmaceutical industry will witness an increase in demand for nutrition and micronutrient supplements due to growing prevalence of lifestyle diseases such as obesity and malnutrition. Apart from manufacturing generic and patented drugs, pharmaceutical companies will shift focus to other niche segments such as combined dosages, novel drug delivery areas. Further, Indonesia pharmaceutical market is expected to grow in future with increasing ageing population, growth in health care expenditure and increasing lifestyle related diseases. The major pharmacy chains in the country are expected to launch various mobile applications and online retail services thus increasing accessibility and convenience of home delivery and online payment facility. The online stores will adopt omni-channel mode of expansion with strong expansion of brick and mortar stores in order to support online sales by reducing delivery time and improving accessibility The clinical laboratory market is expected to increase 1.5 times by 2022 supported by higher growth in esoteric tests segment. 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. Increased focus on research and development for pharmaceutical products, medical devices and laboratory services coupled with elevating prevalence of chronic and lifestyle diseases will propel the Indonesia healthcare market revenue in future. Ken Research in its latest study, “Indonesia Healthcare Market Outlook to 2022 - by Hospitals, Clinical Laboratories, Pharmaceutical, Pharmacy Chains, Medical Device Segment”, suggested that demand for healthcare services in the market will continue to grow in Indonesia owing to favorable government regulations for FDI inflows, rising prominence of health tech startups, increased focus on biopharmaceuticals and nutrition and dietary supplements. Key Topics Covered in the Report: Pharmacy Retail Industry Trends Indonesia Vitamin and Mineral Supplements Indonesia Kalbe Farma Market Share Indonesia