"Not just pharmaceutical alone, healthcare providers are also looking to increase their market share in the year 2009, with KPJ, Parkway, Sime Darby Healthcare, and Columbia Pacific/Asia vying for potential acquisitions and expansions as seen recently," adds Tham.
The healthcare industry is perceived more as a defensive in comparison to other industries. More often than not products are viewed as essential goods that should be less affected by cyclical economic events.
Healthcare companies see the global economy crisis as an opportunity in emerging markets. Companies are prepared to take bold steps with acquisitions or joint ventures with niche medical technology players in China & India such as Meditronics, Alpha X-ray & Shinva.
The pharmaceutical industry on the other hand foresee opportunities for investment by foreign companies in the form of clinical research outsourcing and clinical trials. The rest of the players such as medical devices and healthcare services provider will have a fare share of opportunity in biotechnology based products as well as expansion abroad.
Despite the economy meltdown, opportunities are anticipated for the Asia Pacific region especially Malaysia. Being one of the countries with excellent infrastructure and facilities as well as cost-competitiveness compared with other developing APAC nations, Malaysia healthcare industry is likely to gain the most out of this global economy condition.
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