Navigation Links
Indonesia's Healthcare Reforms Create Opportunities But Also Present New Market Access Hurdles for the Multinational Pharmaceutical Industry
Date:8/5/2013

BURLINGTON, Mass., Aug. 5, 2013 /PRNewswire/ -- Decision Resources, one of the world's leading research and advisory firms for pharmaceutical and healthcare issues, finds that Indonesia's rapidly evolving healthcare reforms, regulatory requirements, and political realities offer significant challenges as well as attractive opportunities for research-based pharmaceutical companies. In 2012, two-thirds of the Indonesian population was covered by some form of health insurance, which will be expanded to all of its citizens by 2019, under the government's bold plans for a national health insurance (NHI) system that comes into effect from 2014.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36784LOGO)

The Indonesia: Market Access Tracker service finds that, although NHI will provide greater access to medicines to Indonesia's vast population, the roll-out of NHI will also bring with it downward pressures on pricing and reimbursement of patent-protected pharmaceuticals. Existing government-funded insurance offers limited coverage of innovative medicines, and the level of coverage of originator brands in the NHI system remains uncertain. In 2013, the government introduced regulations for systematic health technology assessment in evaluating new medical interventions under the NHI to support rational drug use, and also signaled its intention to subject branded medicines to new price-control mechanisms.

The findings also reveal that multinational pharmaceutical companies are concerned about protectionist government policies in Indonesia, including local manufacturing requirements for drug registration, which are designed to develop a strong domestic pharmaceutical industry. Nevertheless, several major multinational companies have given a clear indication of their ambitions for growth in the Indonesian pharmaceutical market by recently investing in local facilities or establishing local collaborations.

"By mature-market standards, Indonesia's pharmaceutical sector is modest in size but growing rapidly," said Decision Resources Consultant Nikhil Mehta, M. Eng. "Indonesia boasts the world's 16th-largest economy, which is outpacing many of its regional peers through strong domestic demand and consumption from the country's large, youthful, increasingly skilled and rapidly urbanizing population. We anticipate that increasing purchasing power in the country, growing public awareness of the importance of healthcare and the government's plan to achieve universal healthcare coverage will drive further pharmaceutical market growth over the next five to ten years."

About Decision Resources
Decision Resources (www.decisionresources.com) is a world leader in market research publications, advisory services and consulting designed to help clients shape strategy, allocate resources and master their chosen markets. Decision Resources is a Decision Resources Group company.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand, or product names contained in this document may be trademarks or
registered trademarks of their respective holders.

 


'/>"/>
SOURCE Decision Resources
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Beckers Healthcare Releases Report on State of ASC Industry
2. Strong Sales and Healthcare Reforms Benefit Earnings - Research Report on Gilead, Pfizer, Merck, AbbVie, and LifePoint
3. The Global Healthcare IT Market Report - North America Commands Highest Market Share However Asia-Pacific Set to Have the Highest CAGR
4. Abbott Features Solutions to Help Labs Prepare for the Evolving Healthcare Landscape at the American Association for Clinical Chemistry Lab Expo
5. BioDrain Announces Medical Advisory Board Comprised of Top Doctors and Healthcare Executive
6. Sysmex America Celebrates a Decade of Leadership in Reshaping Healthcare at the Clinical Laboratory Level
7. Dynamic Healthcare Services Awarded Two Oxygen Equipment Competitive Bidding Contracts
8. Frost & Sullivan Hosts Analyst Briefing: An Outlook of Azerbaijan and Iran Healthcare Markets
9. Market Insight: Irans Healthcare Market on the Rise -- Frost & Sullivan
10. The Financial Impact of Obesity in Brazil and Mexicos Healthcare Systems is Driving Partial Coverage of Obesity Drugs in Formularies at the State, Municipal and Hospital Levels
11. Instrumentation Laboratory Awarded Premier Healthcare Alliance Contract For Hemostasis Product Line
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/11/2017)... 2017  True Health, a leader in integrated ... during National Breast Cancer Awareness month to educate ... Research recently published ... more than 10 million American women are at ... or BRCA2 and have not had testing. These mutations ...
(Date:10/10/2017)... -- NDS received FDA 510(k) clearance in May 2017 for its highly ... designed for endoscopy environments. An innovative secondary monitor solution, ZeroWire ... support the improvement of patient outcomes, procedural efficiency, and the lowering ... ... ...
(Date:10/7/2017)... --  Provista, a proven leader in the supply ... power, today announced a new resource area on Provistaco.com ... is the online home for case studies, articles on ... releases, slideshows and events. ... at their fingertips, viewers can also watch short videos ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... Lori R. Somekh, founder of the Law ... organization of elder law and special needs planning attorneys. “Membership in ElderCounsel helps our ... a forum to network with elder law attorneys nationwide,” said Somekh. , ...
(Date:10/13/2017)... ... October 13, 2017 , ... Ellevate Network, the leading network for ... for action towards gender equality at their inaugural Summit in New York City in ... reached a social audience of over 3 million. To watch the Mobilize Women video, ...
(Date:10/13/2017)... ... October 13, 2017 , ... Coveros, a leader in ... awarded a contract by the Center for Medicare and Medicaid Services (CMS). The ... enterprise use of Agile methodologies in a consistent and high value manner across ...
(Date:10/12/2017)... CA (PRWEB) , ... October 12, 2017 , ... ... Cheng, are now treating sleep apnea using cutting-edge Oventus O2Vent technology. ... a serious sleep disorder characterized by frequent cessation in breathing. Oral appliances can ...
(Date:10/12/2017)... , ... October 12, 2017 , ... The American College ... to Carol Friedman, PhD, FACMI, during the Opening Session of AMIA’s Annual Symposium in ... , In honor of Morris F. Collen, a pioneer in the field of medical ...
Breaking Medicine News(10 mins):