2014-02-03 10:05:04 - Pharmaceuticals in Indonesia: ISIC 2423 - a new market research report on companiesandmarkets.com
Indonesia´s pharmaceuticals market is fairly small but fast-growing, expanding 79% over 2007-2012. Overall, as government spends only 1% of GDP on healthcare, government spending on pharmaceutical products is not significant in total sales, represented in total by household expenditure and B2B purchases.
Imports in 2012 account for 19% of total market size and experience growth of 74% from 2007, mainly derived from China, the US, Germany, France, Switzerland. Imported pharmaceutical products are mostly medicaments, vaccines and other preparations (51% of total imports in 2012). Turnover of local producers accounts for Rp66 trillion in 2012 and increases 88% over review period, with 5% of product output exported.
Top five companies in industry account for around 34% of production, despite 94% of companies having
fewer than nine employees.
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