BMI Industry View: We expect the Indonesian medical device market to remain one of the fastest growing, with growth averaging 15 % per annum to 2019 . The expansion of the health insurance programme, increased government spending on healthcare and infrastructure development projects will spearhead growth. This growth will however be tempered slightly in the short term due to currency weakness against the dollar but the medium term prospects remain strong.
Headline Industry Forecasts
In US dollar terms, the medical device market is projected to rise by a CAGR of 14.6%, which should bring it from an estimated USD606.7mn in 2014 to USD1,197.2mn in 2019. By individual product area, the CAGRs are expected to range from 20.8% for dental products to 8.9% for consumables.
The bulk of the Indonesian medical device market is supplied by imports. In US dollar terms, imports fell by 10.0% in 2014 to reach USD582.1mn in 2014. In CAGR terms, imports grew by 10.7% from 2009-2014. By product area, the CAGR performance ranged from 45.5% for orthopaedics & prosthetics to 6.2% for consumables. Latest collated monthly data to April 2015 shows that imports fell by 10.4% to USD566.8mn.
In US dollar terms, exports fell by 7.4% to USD302.3mn in 2014. The CAGR during the 2009-2014 period was 7.0%. By individual product area, the CAGR performances ranged from 92.3% for dental products to -12.8% for orthopaedics & prosthetics. Based on latest collated monthly data, exports for the year ending in April 2015 fell by 14.3% to USD270.7mn.
Locally-owned domestic production mainly consists of the manufacture of basic items, such as surgical gloves, bandages, orthopaedic aids and hospital furniture but a few local companies, such as DIKAMED and PT Andini Sarana also manufacture more advanced equipment such as ECGs, ultrasound machines and dental machines.
Headline Industry Risk Rewards Index
Indonesia ranks as the third least attractive market in the Asia Pacific (APAC)...
The Indonesia Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.
Detailed product breakdown for market, trade and production data in Indonesia provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Indonesia Medical Devices industry.
- Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Indonesia, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Indonesia.
- Target Business Opportunities in the Indonesia Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Indonesia.
- Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.
BMI Industry View
Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.
SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.
Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.
Presents macroeconomic forecasts impacting the medical devices market.
Industry Risk Reward Index
Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.
Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.
Industry Trends & Developments
Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.
A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.
Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.
Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.