Indonesia and Vietnam to see increased healthcare spending

KUALA LUMPUR – New analysis from Frost & Sullivan find that Indonesia and Vietnam have drastically increased their healthcare spending, with aims of modernization of healthcare infrastructure by 2020. Both countries are working on expansion and investment in all segments of healthcare 0 medical devices, medical imaging, healthcare information technology, biotechnology, and pharmaceutical.

The Frost & Sullivan study, South East Asian Emerging Markets – Indonesia and Vietnam Healthcare Outlook 2012, presents key findings, market revenue forecasts, and the mega trends influencing healthcare along with a review of growth opportunities in each healthcare segment.

Increase in communicable and non-communicable diseases, changes in health insurance patterns, and favourable investment policies present strong growth opportunities in the healthcare sector in Indonesia and Vietnam. 
“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. Overall, the total revenue of Indonesia and Vietnam healthcare market will move from US$8.20 billion in 2011 to US$12.01 billion in 2015, and the compound annual growth rate (CAGR) for the period is 10.0 per cent.”

Inquiries about the study can be addressed to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.