Indonesian medical device industry research report

Dublin, July 16, 2024 (GLOBE NEWSWIRE) — The “Indonesia Medical Device Industry Research Report 2024-2033” report has ResearchAndMarkets.com Recruitment.

Indonesia’s medical device market reached US$4.38 billion in 2023. According to the publisher, this growth is mainly due to the expansion of both public and private hospitals and the introduction of Indonesia’s public health insurance scheme, BPJS-Kesehatan (Jaminan Kesehatan Nasional, or JKN), in 2014. As of July 2023, the scheme covers 258.2 million people, approximately 90.34% of Indonesia’s total population. These factors have increased the demand for advanced medical equipment and supplies, driving the continued growth of Indonesia’s medical device market.

Indonesia is highly dependent on imports for medical devices, with estimates that more than 70% of medical devices are imported, a figure that had reached 88% before 2022. To boost the country’s domestic medical device industry, Indonesia introduced local content requirements in June 2021, banning the import of 5,400 medical devices across 79 categories in its public procurement system unless they meet the 40% local content requirement.

Despite government efforts to encourage domestic production and adjust import tariffs, Indonesia remains heavily dependent on imports of advanced medical equipment, the publication said. Currently, Indonesia mainly produces and exports low-value and less technologically advanced medical consumables, such as surgical gloves and bandages.

Indonesia encourages foreign investment in the medical equipment sector. The government has stated that it will prioritize the use of domestically produced medical supplies and will not import medical equipment that can be produced locally, and is encouraging foreign companies to set up manufacturing plants in Indonesia.

Additionally, Presidential Regulation No. 10 on the Investment List, issued in February 2021, promotes foreign investment by allowing companies to have 100% foreign ownership of imported and regulatory approved medical devices, and gives foreign companies full legal control over their subsidiaries in Indonesia.

Driven by population growth, economic development and the introduction of investment promotion policies, the publisher predicts that Indonesia’s medical device market will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2033, reaching US$10.47 billion by 2033.

Topics covered:

• Overview of Indonesia’s Medical Device Industry
• Indonesia’s economic situation and policies for the medical device industry
• Impact of COVID-19 on Indonesia’s medical device industry
• Indonesia’s medical device industry market size (2024-2033)
• Analysis of major medical device manufacturers in Indonesia
• Key Drivers and Market Opportunities for Indonesia’s Medical Device Industry
• What are the key drivers, challenges, and opportunities for the Indonesia medical devices industry during the forecast period 2024-2033?
• Indonesia’s medical device industry: key players and their competitive advantages
• What is the expected revenue of the Indonesia Medical Devices market during the forecast period 2024-2033?
• What strategies are the key market players adopting to increase their market share in the industry?
• Which segments of Indonesia’s medical devices market are expected to dominate by 2033?
• What are the main negative factors facing Indonesia’s medical device industry?

Key attributes:

Key topics:

1. Overview of Indonesia
1.1 Geography
1.2 Indonesian Demographics
1.3 Indonesia’s economy
1.4. Indonesia’s minimum wage, 2015-2024
1.5. Impact of COVID-19 on Indonesia’s medical device industry

2. Development environment for Indonesia’s medical device industry
2.1. History of Indonesia’s medical device industry
2.2. Medical Device Categories in Indonesia
2.3. Indonesia’s policies regarding the medical device industry

3. Indonesia’s medical device industry supply and demand
3.1. Indonesia’s medical device industry supplies
3.1.1. Production capacity
3.1.2. Production volume
3.2. Demand for medical equipment industry in Indonesia
3.2.1. Demand
Market size

4. Import and export of medical equipment industry in Indonesia
4.1. Indonesia’s Medical Device Industry Imports
4.1.1. Import volume and value of medical equipment in Indonesia
4.1.2. Main Suppliers of Medical Device Imports in Indonesia
4.2. Indonesia’s medical device industry exports
4.2.1. Indonesian medical device export volume and value
4.2.2. Main destinations for medical device exports in Indonesia

5. Market competition in Indonesia’s medical device industry
5.1. Barriers to entry into Indonesia’s medical device industry
5.1.1. Brand barriers
5.1.2. Quality barriers
5.1.3. Capital barriers
5.2. Competitive Structure of Indonesia’s Medical Device Industry
5.2.1. Bargaining power of medical device suppliers
5.2.2. Bargaining power of consumers
5.2.3. Competitive environment of Indonesia’s medical device industry
5.2.4. Potential Entrants to the Medical Device Industry
5.2.5. Substitution of Medical Device Products

6. Analysis of Major Medical Device Brands in Indonesia
6.1. Medtronic
6.1.1. History of Medtronic
6.1.2. Medtronic’s main products
6.1.3. Medtronic’s Business Model
6.2. Becton Dickinson
6.3. Johnson & Johnson
6.4. Siemens Healthineers
6.5. Philips Healthcare
6.6. GE Healthcare
6.7. Boston Scientific
6.8. Danaher Corporation
6.9. Striker
6.10. Mindray Indonesia

7. Indonesia Medical Device Industry Outlook (2024-2033)
7.1. Development factors of Indonesia’s medical device industry
7.1.1. Indonesia Medical Device Industry Drivers and Opportunities
7.1.2. Threats and challenges facing Indonesia’s medical device industry
7.2. Indonesia medical device industry market supply forecast
7.3. Indonesia medical device industry market demand forecast
7.4. Indonesian medical device industry import and export forecast

For more information on this report, please visit: https://www.researchandmarkets.com/r/mglllu

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• Indonesia’s medical device industry