For medical Devices in Southeast Asia showed steadily rising health expenditure even in countries like Indonesia, Thailand and Philippines.
Increasing the market’s growth rate include government’s efforts to cut cost and tariff and non-tariff barriers to trade for medical devices.
Benefits factor which affecting the growing market such as Vietnam’s expansion of health insurance to all citizens by 2014 or South Korean market opening up via Free Trade Agreements (FTA) with the USA and the EU.
The medical device market in Thailand was forecast to expand at 9.1 percent per annum in the medium term. And the government has continued the universal healthcare system.
In Malaysia, medical devices are mainly imported; the growth will be sturdy 9.1 percent per year through 2015.
Because of higher standards of living, noted that the population expects a high level of medical care. Affect to South Korea has the highest healthcare expenditure of all Asian.
Southeast Asia will be interesting places for do business. It is a good opportunity to grab it.