Indonesia Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Indonesia Medical Devices Report
Product Price
$1,295.00

BMI View: We expect Indonesia to remain one of the fastest growing medical device markets over the 2014-2019 period, expanding by a CAGR of 14.6%. 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 spearhead growth; however, financial sustainability of the national health insurance programme remains a concern.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 606.7 2.4 7,200,216.2 28,480.5 11,867.9
2015 665.8 2.6 8,788,715.1 34,370.0 13,200.0
2016 747.3 2.9 10,163,108.7 39,307.7 13,600.0
2017 872.1 3.3 11,686,601.3 44,717.9 13,400.0
2018 1,019.1 3.9 13,452,164.0 50,940.3 13,200.0
2019 1,197.2 4.5 15,563,577.1 58,341.6 13,000.0

Latest Updates And Key Forecasts

  • In US dollar terms, we project the medical device market to rise by a CAGR of 14.6%, which should take it from an estimated USD606.7mn in 2014 to USD1.2bn in 2019. By individual product area, the CAGRs are expected to range from 20.8% for dental products to 8.9% for consumables.

  • The weakening of the local currency against the USD resulted in falls in most of 2015. However, we expect import performance to pick up on the back of rising, real demand for medical devices. On a quarterly basis, imports to April 2016 rose by 29.3% y-o-y to USD144.2mn, and grew by 11.7% to USD632.8mn for the year ending in April 2016.

  • Exports are likely to continue to fall. In US dollar terms, exports to April 2016 fell by 39.4% to USD35.2mn.We note that export performance has been negative since Q314. Exports for the year ending in April 2016 fell by 50.0% to USD135.4mn.

  • An expansion of private healthcare providers will bode well for medical device companies. Beyond improving the level of healthcare access in Indonesia, additional private healthcare facilities will also affect the flow of patients in the country. This will be critical for innovative firms as it is expected that more middle-income households that can afford high-value treatments seek these at private healthcare providers, as only a small proportion of public hospitals are specialised (18% in 2013).

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Updates And Key Forecasts
7
SWOT
8
Medical Device Market
8
Industry Forecast
10
Medical Device Market Forecast
10
Latest Updates
10
Structural Trends
10
Table: Detailed Medical Device Market By Product Area, 2009-2014 (USDmn)
12
Consumables Market Forecast
16
Latest Updates
16
Structural Trends
16
Bandages & Dressings
16
Suturing Materials
17
Syringes, Needles & Catheters
17
Other Consumables
17
Table: Consumables Market, 2009-2019 (USDmn)
18
Table: Consumables Market, 2009-2019 (USDmn % Change)
19
Diagnostic Imaging Market Forecast
21
Latest Updates
21
Structural Trends
21
Electrodiagnostic Apparatus
21
Radiation Apparatus
22
Imaging Parts & Accessories
22
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
22
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
24
Dental Products Market Forecast
26
Latest Updates
26
Structural Trends
26
Capital Equipment
26
Instruments & Supplies
26
Table: Dental Products Market, 2009-2019 (USDmn)
27
Table: Dental Products Market, 2010-2019 (USDmn % Change)
28
Orthopaedics & Prosthetics Market Forecast
30
Latest Updates
30
Structural Trends
30
Fixation Devices
30
Artificial Joints
30
Other Artificial Body Parts
31
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
31
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
31
Patient Aids Market Forecast
33
Latest Updates
33
Structural Trends
33
Portable Aids
33
Therapeutic Appliances
34
Table: Patient Aids Market, 2009-2019 (USDmn)
34
Table: Patient Aids Market, 2009-2019 (USDmn % Change)
34
Other Medical Devices Market Forecast
36
Latest Updates
36
Structural Trends
36
Table: Other Medical Devices Market, 2009-2019 (USDmn)
37
Table: Other Medical Devices Market, 2009-2019 (USDmn % Change)
38
Annual Medical Device Imports
40
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
43
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
44
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
46
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Detailed Medical Device Import Trends By Product Area, 2014
50
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
53
Monthly Medical Device Imports
57
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
57
Annual Medical Device Exports
58
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
61
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
62
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
64
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
65
Table: Detailed Medical Device Export Trends By Product Area, 2014
68
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
71
Table: Detailed Medical Device Balance Of Trade, 2010-2014 (USD000s)
74
Monthly Medical Device Exports
78
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015
78
Industry Risk/Reward Index
79
Table: APAC Medical Device Risk/Reward Index, Q316
80
Market Overview
81
Medical Device Market Overview
81
Table: Medical Device Market, Key Ratios, 2015
81
Table: Medical Device Market By Product Area, 2015
82
Healthcare Overview
82
Health Status
82
Healthcare System
84
Private Healthcare Providers
85
Healthcare Funding
86
Health Expenditure
87
Healthcare Resources
88
Healthcare Activity
88
Healthcare Personnel
88
Key Healthcare Data
89
Table: Key Healthcare Data, 2010-2015
89
Industry Trends And Developments
91
Industry Trends & Developments
91
Regulatory Development
97
Medical Device Regulations
97
Competent Authority
97
Regulations
97
ASEAN Medical Device Directive (AMDD)
100
Competitive Landscape
101
Domestic Medical Device Manufacturing
101
National Medical Device Manufacturers
101
PT
101
PT Andini Sarana
101
Multinational Medical Device Manufacturers
102
B
102
Nipro
103
Sivantos Group
103
Multinational Market Activity
104
Becton Dickinson
104
Fresenius Medical Care
104
General Electric
104
Johnson & Johnson
105
Medtronic
105
Philips Healthcare
105
Smith & Nephew
106
Medical Device Market Access
107
Distribution
107
Trade Show
107
Methodology
108
Forecast Methodology
108
Trade Code Classifications
109
Table: Rearranged HS Trade Codes
110
Risk/Reward Index Methodology
113
Table: Medical Devices Risk/Reward Index Indicators
114
Sources
116
Contact
117

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.

Key Benefits

  • 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.

Coverage

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

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

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.

Macroeconomic Forecasts

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.

Market Overview

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.

Regulatory developments

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.

Competitive Landscape

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.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.