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:5/24/2016)... May 24, 2016 Niederländische ... gebracht, die es Ärzten erlaubt, ihre Expertise weltweit ... MDLinking kombiniert Live Streaming mit einer Instant-Messaging-Funktion und ... kommunizieren. Mediziner in Europa, Afrika, Asien und den ... für die Plattform registriert. Information und ...
(Date:5/24/2016)...   , Study met both ... in , Excellent plus Good ... of the ascending colon   ,      ... announced new positive data from the phase III MORA study for ... litre PEG with ascorbate. The study met both primary endpoints showing ...
(Date:5/24/2016)... 2016  NxStage Medical, Inc. (Nasdaq: NXTM ... renal care, today announced that Jeffrey H. Burbank ... following schedule of investor conferences. Where applicable, a webcast ... http://ir.nxstage.com/ .   ... NY           Friday, June 10, 2016 1:30 p.m. ET ...
Breaking Medicine Technology:
(Date:5/27/2016)... ... 27, 2016 , ... With a team of certified experts, ... Aside from its GMP accreditation, Validation Center is also a registered authority of ... and staff. , Validation Center is ISO17025 accredited and only offers its clients ...
(Date:5/26/2016)... (PRWEB) , ... May 26, 2016 , ... ... and clinical outcomes, hosted members and suppliers for its inaugural Member Conference at ... on their mission of elevating the operational health of America’s healthcare providers. , ...
(Date:5/26/2016)... ... 2016 , ... Cardiac arrhythmia is a common complication following ... survival, reports a team of UPMC researchers in the largest study of its ... Thoracic and Cardiovascular Surgery, provide critical information that will hopefully lead to better ...
(Date:5/26/2016)... (PRWEB) , ... May 26, 2016 , ... An April ... American families. , The 550 employees of Sun Health Senior Living (SHSL) ... Aetna that reduces their doctor and prescription copays for the year, while holding the ...
(Date:5/26/2016)... ... ... The Lung Institute has partnered with the Gulfcoast North Area ... at their clinic in downtown Tampa. The class is complimentary for the public. Register ... a free downloadable 4 Week Smoking Cessation Guide for those who are ...
Breaking Medicine News(10 mins):