Navigation Links
Frost & Sullivan: Improving Economies in Indonesia and Vietnam Present Strong Growth Potential in Healthcare
Date:8/1/2012

KUALA LUMPUR, Malaysia, Aug. 2, 2012 /PRNewswire/ -- Rising wealth, the ageing and growing population, demand for quality healthcare, and increase in the number of hospitals are factors supporting the growth of the healthcare industry in Indonesia and Vietnam. Healthcare spending has significantly increased in the past decade in these emerging economies, helping the industry expand. Governments in both countries are also encouraging private sector investment.

New analysis from Frost & Sullivan (http://www.pharma.frost.com), South East Asian Emerging Markets—Indonesia and Vietnam Healthcare Outlook 2012, find that Indonesia and Vietnam have drastically increased their healthcare spending and aim to modernize healthcare infrastructure by 2020. The countries are working to expand and invest in all segments of healthcare – medical imaging, medical devices, healthcare information technology (IT), pharmaceutical and biotechnology. This study presents key findings, market revenue forecasts, and the mega trends influencing healthcare along with an insightful review of growth opportunities in each healthcare segment.

With increase in communicable and non-communicable diseases, changes in health insurance patterns and favourable investment policies, the healthcare sector presents strong growth opportunities in Indonesia and Vietnam.

"The countries are working to reduce outflow of medical tourists from their country to neighbouring Asian countries due to lack of quality and timely services," said Frost & Sullivan Consultant Poornima Srinivasan. "Hence the governments are revising legislations pertaining to healthcare investment and public-private partnership (PPP) models to attract more private hospitals in the country."

PPP efforts will increase healthcare infrastructure, driving growth of all segments pertaining to healthcare. Both countries are technology savvy and this provides opportunities for healthcare IT as well.

Further, the dramatic increase in mobile phone users in both countries will fuel tele-health as an important tool to enhance and enable healthcare access and monitoring.

The over the counter (OTC) medication market too is expanding. In Indonesia, the uptake is driven by the launch of new retail outlets while the segment is growing in Vietnam due to the self-medicating behaviour of Vietnamese.

"Overall, the total revenue of Indonesia and Vietnam healthcare market will move from US$8.20 billion in 2011 to US$12.01 billion in 2015, and the compound annual growth rate (CAGR) for the period is 10.0 percent," noted Srinivasan.

If you are interested in more information about this study, please send an e-mail with your contact details to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.

South East Asian Emerging Markets—Indonesia and Vietnam Healthcare Outlook 2012 is a part of the Market Insights – Healthcare subscription, which also includes research such as Asia-Pacific Healthcare Outlook 2012-2015, Changing Dynamics in the Pharma and Biotech Industry 2012, Telehealth Healing Healthcare: The Hidden Markets Transforming Healthcare , Long-Term Care in Germany, A Product and Pipeline Analysis of the U.S. Breast Cancer Therapeutics Market, and Human Tissue Engineering Market in Europe, among many others. These Market Insights are part of Frost & Sullivan Growth Partnership Service.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  •  The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

South East Asian Emerging Markets—Indonesia and Vietnam Healthcare Outlook 2012
9837

Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
E: djeremiah@frost.com

Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
E: carrie.low@frost.com

Dewi Nuraini
Corporate Communications – Indonesia
P: +62 21 571 0838
E: dewi.nuraini@frost.com

http://www.frost.com


'/>"/>
SOURCE Frost & Sullivan
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Lower Operating Expense Augments Digital X-rays Uptake Across Industries, Finds Frost & Sullivan
2. Adoption of Prefillable Syringes Rising, Especially In High-cost Drug Applications to Contain Wastage, Notes Frost & Sullivan
3. Frost & Sullivan Recognizes Secant Medical as a Key Technology Enabler for Medical Implantable Textile Structures Design
4. Somnetics Pioneering CPAP Device Receives the 2012 North American Frost & Sullivan Award for Product Differentiation Excellence
5. Frost & Sullivan 2012 New Product Innovation in Bioanalytics Awarded to Protea Biosciences
6. Frost & Sullivan: European Bipolar Therapeutics Market Slows Down in the Short Term As Key Blockbuster Drugs Go Off Patent
7. Frost & Sullivan Recognizes Siemens Healthcares CT Imaging Solution for the Value it Offers Both Service Providers and Patients
8. Frost & Sullivan: Label-Free Technology is a High Potential Market with Myriad Unexplored Applications
9. Frost & Sullivan: Next-Generation Sequencing Services is one of the Fastest Growing Markets in the Life Sciences Industry
10. Need for Reduced Healthcare Outlays Creates Strong Growth Potential for Medical Imaging Services, Says Frost & Sullivan
11. Frost & Sullivan: Launch of New Classes of Oral Antidiabetic Drugs by 2014 will Uplift Prospects for the European Diabetes Therapeutics Market
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... LEXINGTON, Mass. , June 24, 2016   ... specialty pharmaceutical company developing innovative inhaled drugs, announced today ... when Russell Investments reconstituted its comprehensive set ... 2016. "This is an important milestone for ... "It will increase shareholder awareness of our progress in ...
(Date:6/23/2016)... Research and Markets has announced the addition of the ... report to their offering. ... failure, it replaces the function of kidneys by removing the ... the treatment helps to keep the patient body,s electrolytes such ... Increasing number of ESRD patients & substantial healthcare expenditure on ...
(Date:6/23/2016)... , June 23, 2016 Roche (SIX: ... 510(k) clearance for its Elecsys BRAHMS PCT (procalcitonin) assay ... sepsis or septic shock. With this clearance, Roche is ... a fully integrated solution for sepsis risk assessment and ... with bacterial infection and PCT levels in blood can ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand ... project," said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s ... within Final Cut Pro X . Simply select a ProHand generator and drag ...
(Date:6/25/2016)... Oklahoma (PRWEB) , ... June 25, 2016 , ... ... both athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures ... Oklahoma City area —Johnson is one of the first doctors to perform the ...
(Date:6/24/2016)... ... 24, 2016 , ... A recent article published June 14 on ... article goes on to state that individuals are now more comfortable seeking to undergo ... such as calf and cheek reduction. The Los Angeles area medical group, Beverly Hills ...
(Date:6/24/2016)... ... ... a crisis. Her son James, eight, was out of control. Prone to extreme mood shifts ... upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a knife ... and say he was going to kill them. If we were driving on the ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience with ... Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is a ...
Breaking Medicine News(10 mins):