The research service provides an analysis of the policies impacting the healthcare market in the Association of Southeast Asian Nations (ASEAN). It includes the current trends, market size, revenue forecast, and market drivers and restraints. Healthcare market participants and key opinion leaders were interviewed to obtain their perception about trends and opportunities. The regional scope of this research service includes Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Impact of Policy making in ASEAN
The policies in the ASEAN nations are directed toward creating a single ASEAN market. Although this will be achieved through national initiatives that allow increased competition among the member nations’ markets, small and medium enterprises (SMEs) and large local corporations will need to drive the initiatives. Frost & Sullivan believes the opportunities provided by the initiatives can spur market growth and diversification. The opportunities will still not be equal among the countries, as each member nation will still decide which of its own market sectors it will open up or protect.
Nevertheless, the reduction of entry barriers and business facilitation across borders promoting intra-ASEAN trade and expansion are reshaping the ASEAN healthcare market environment creating unique environments that allow different stakeholders to thrive.
National policies in the ASEAN region are bridging the countries together while protecting national interests of individual nations.
Key policies impacting the healthcare industry in the ASEAN region:
– ASEAN Economic Community
– ASEAN Medical Device Directive
– Universal Health Coverage–Indonesia
– Medical Hub Aimed Policies–Thailand
– Companies Act 2015 – Myanmar
Read the report here.
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