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Frost & Sullivan: Improving Economies in Indonesia and Vietnam Present Strong Growth Potential in Healthcare

3 pages
Frost & Sullivan: Improving Economies in Indonesia and Vietnam Present Strong Growth Potential in Healthcare PR Newswire KUALA LUMPUR, Malaysia, August 2, 2012 - Both countries have increased their healthcare spending and aim to modernize healthcare infrastructure by 2020 KUALA LUMPUR, Malaysia, August 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.
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Frost & Sullivan: Improving Economies in Indonesia and Vietnam Present Strong Growth Potential in Healthcare
PR Newswire KUALA LUMPUR, Malaysia, August 2, 2012
-Both countries have increased their healthcare spending and aim to modernize healthcare infrastructure by 2020 KUALA LUMPUR, Malaysia,August 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 inIndonesiaandVietnam. 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 thatIndonesiaandVietnamhave 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 inIndonesiaandVietnam. "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. InIndonesia, the uptake is driven by the launch of new retail outlets while the segment is growing inVietnamdue to the self-medicating behaviour of Vietnamese. "Overall, the total revenue ofIndonesiaandVietnamhealthcare market will move fromUS$8.20 billionin 2011 toUS$12.01 billionin 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-