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 senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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