DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bd8ea9/the_outlook_for_me) has announced the addition of the "The Outlook for Medical Devices in South East Asia" report to their offering.
Import dependent and still maintaining good growth levels, the markets of SE Asia offer enterprising companies good opportunities. However, they must meet the challenges of widely differing operating environments.
Why invest in South East Asia?
Like all other sectors, the medical device markets in South East Asia will be impacted by the downturn of the world economy. Most of these countries, which rely heavily on exports as a significant portion of their respective GDP - South Korea and Singapore being prime examples - have already seen cuts in demand for manufactured goods and have thus projected negative economic growth rates for 2009 at least.
The economy aside, what factors are affecting medical device growth?
Fundamentally, the eight countries covered in this collection share a similar characteristic. These medical device markets have, on average, been growing at more attractive rates compared to the more developed, mature medical device markets in Western Europe, for example.
Broadly speaking, the high growth rates for this region have been spearheaded by a number of similar and distinct factors. All countries in this report collection have experienced strong medical devices import growth and steadily rising health expenditure. Medical devices imports, as we have seen in the last economic crisis in 1997, could possibly be affected in the short term, but like before, these countries are expected to bounce back.
The demand for medical devices prior to the current downturn was largely driven by the expansion of the respective healthcare sectors in the region, and Government budget cuts for capital infrastructure may temper growth in the short term. But healthcare development and provision is an increasing political and social priority for nearly all these countries, even the poorer ones like Indonesia, Thailand and Philippines and the prospects for medical devices remains strong.
Other factors driving or impeding the markets growth rate are also taken into account. For example, government cost containment strategies and tariff and non-tariff barriers to trade for medical devices. New dynamics are also affecting the market, such as Vietnams expansion of health insurance to all citizens by 2014 or the opening up of the notoriously difficult but lucrative South Korean market via Free Trade Agreements (FTA) with the USA and the EU.
Complete quarterly-updated analysis to keep you informed
Now you can easily evaluate these markets with The Outlook for Medical Devices in South East Asia. Each report provides individual and highly-detailed analysis of the market, looking at the key regulatory, political, economic and corporate developments in the wider context of market structure, service and access.
DETAILED CONTENT FOR EVERY MARKET
MARKET OUTLOOK - updated quarterly
- Key national data projections
- Current market size
- Unique 5-year market projections
- Market outlook
- Market structure Including statistical data on imports and exports
- Market access Including distribution and medical device regulation
- Healthcare analysis Including demographics, healthcare system, health expenditure, healthcare infrastructure and personnel
- HEALTHCARE DATA - updated annually
A comprehensive tabula review of the market, including economic indicators, demographics, health expenditure, hospital and primary care data, and healthcare personnel.
DISTRIBUTORS:
- Details of the medical equipment distributors.
8 Key Markets Covered!
- Indonesia
- Philippines
- South Korea
- Thailand
- Malaysia
- Singapore
- Taiwan
- Vietnam
For more information visit http://www.researchandmarkets.com/research/bd8ea9/the_outlook_for_me
Source: Espicom Business Intelligence Ltd