YOUR MARKETS
ASEAN represents a population of some 580 million and combined GDP of over USD2 trillion and the world’s fastest growing region.
SEACare concentrates on the main markets of:
- Malaysia
- Singapore
- Indonesia
- Philippines
- Then the rest of SE-Asia.
The main driving factors:
- Increasing public and private spend on infrastructure
- Increasing public and private spend on consumables
- Increasing in-roads into medical tourism - grows at 10% annual revenue
MALAYSIA
Population: 26.6 million
With region's most solid and strongest economy - GDP 6-7% in 2014
Healthcare is provided by both Public and Private sectors
But the government is the main provider.
(UN stats: M'sia has the world's 4th best public sector healthcare...)
About 4 % of GDP is dedicated towards healthcare
Opportunities
- Manufacturing of Medical Devices, Pharmaceuticals and Biotech
- Imports most of its high-end Medical Devices, Drugs, Supplements
Exhibitors will be invited to a special briefing on Drug/Device Registration in M'sia.
INDONESIA
Population: 240 million
(Middle class 35 million)
GDP Growth about 6 %
Healthcare is a mix of public & private providers.
Public funding is about USD5.0 billion
Market Size:
- Medical Devices est. at USD420 mil. (80% imported)
- Generic Pharmaceuticals are dominated by locals
- Health Supplements est. at USD313 mil. (60% imported)
Opportunities:
- Medical Devices & Equipment, Laboratory, Diagnostics
- Hospital Services & Infrastructure
- Supplements - Aesthetics