Frost & Sullivan: Government Support for Improved Disease Management Fuels the Indonesian Infectious Disease IVD Market - KYTX CBS 19 Tyler Longview News Weather Sports

Frost & Sullivan: Government Support for Improved Disease Management Fuels the Indonesian Infectious Disease IVD Market

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SOURCE Frost & Sullivan

Higher private investments help meet the innovation needs of the infectious disease IVD market

JAKARTA, Indonesia, June 21, 2014 /PRNewswire/ -- The infectious disease market is one of the largest segments of the in-vitro diagnostics (IVD) market in Indonesia, accounting for approximately 62 percent of the total market. Increased incidence of infectious diseases such as hepatitis C, HIV, TB, malaria and dengue have spurred the government to invest strongly in primary healthcare system, public hospital reforms, promotion of IVD-related technology innovation among local participants, and improved reimbursement policy, thus creating a favorable climate for market participants.

New analysis from Frost & Sullivan, Indonesian Infectious Disease IVD Market, finds that the market earned revenues of $38.6 million in 2013, which is expected to reach $59.9 million in 2017. The market is segmented into immunochemistry testing, microbiology testing, and molecular diagnostics testing. Among these, the molecular diagnostics segment, which includes virology, bacteriology, molecular blood donor screening and genetic testing, is expected to grow the fastest.

Despite the strong government backing, Indonesia's infectious disease IVD market is battling a shortage of skilled healthcare workers and laboratory facilities. This issue hampers the accurate identification, diagnosis and reporting of infectious diseases in the country.

The market is further pegged back by the long turnaround times of tests and high level of investments needed. These challenges, however, are opportunities for companies in the opposite ends of the spectrum.

"The domestic participants in the low-end market will have an edge due to their competitive pricing and faster turnaround time," explains Frost & Sullivan Healthcare Research Analyst Sanjeev Kumar. "Meanwhile, multinational companies (MNCs) in the high-end market can meet various end-user demands by offering improved localized service."

This scenario is ideal to foster partnerships between multinational companies and local participants. Collaborations between the two will create a symbiotic ecosystem, wherein local companies will gain access to capital, technology and intellectual property, and MNCs will benefit from the market reach of the domestic companies.

"Furthermore, the rise in private funding has paved the way for innovations in the Indonesia's infectious disease IVD market," noted Kumar. "Manufacturers are already developing analyzers to meet end-user budgets, test volumes, desired breadth of test panels, and levels of automation."

The adoption of new technologies will go a long way in enhancing the patient care. For instance, highly automated analyzers with automated sample-handling features and sophisticated informatics will improve throughput and eventually, diagnostic results.

If you are interested in more information on this study, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.

Indonesian Infectious Disease IVD Market is part of the Life Sciences (http://www.lifesciences.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Pulse of Telehealth 2013, the Global Emerging Interventional Cardiac Devices Market, Disinfection and Sterilization Equipment Market Trends in Asia-Pacific, and the Accountable Care Team: A Guide for Care Delivery Transformation. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

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Indonesian Infectious Disease IVD Market
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Media Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com

Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com

Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com

Shena Agusta
Corporate Communications – Indonesia
P: +6221 5710838
M: +62 856 887 0992
E: shena.agusta@frost.com

http://www.frost.com

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