Growing faster for medical device market in Southeast Asia

550px-Southeast_Asia_(orthographic_projection)The medical devices market in Southeast Asia is growing faster than more in other parts of the world, even the slow down in the world economy.

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.


About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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