Indonesian Diabetes Devices Market, Forecast to 2023

Indonesian Diabetes Devices Market, Forecast to 2023

Low Diagnosis Rate of 26% Presents Opportunities to Unlock and Tap in to a Large Market

RELEASE DATE
06-Feb-2020
REGION
Asia Pacific
Research Code: PAC0-01-00-00-00
SKU: HC03269-AP-MR_24136
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Description

Diabetes is a growing concern, with more than 425 million people suffering the world over. Indonesia is no exception. It has high prevalence, of about 7% or an estimated 10.48 million diabetics in the country in 2018. Unfortunately, only about 26% of this population is actually diagnosed, meaning over two-thirds of those diabetics are diagnosed only at later stages, often after complications arise; complications which decrease quality of life and also increases the cost of care.

Indonesia being predominantly uninsured or not offering coverage for diabetes management devices also means that glucose levels tend to be irregularly monitored. This results in even the diagnosed population developing health complications due to the condition. The potential for the market in Indonesia, and Asia-Pacific countries in general is huge, but is hampered by access and affordability issues. For any company to target these markets, it is crucial to understand the current competitive landscape, reimbursement and regulatory policies, and also the distribution structure of the market to best understand their opportunity and go-to-market strategy.

There are four types of medical devices that are crucial for diabetics: self-monitoring of blood glucose (SMBG) and the professional point-of-care testing (POCT); continuous glucose monitoring (CGM); insulin pens; and insulin pumps. Broadly, these can be classified under monitoring (SMBG, POCT and CGM), and management (insulin pens and insulin pumps).

Most of the Asia-Pacific region see these devices being imported, provided by mostly the multinational majors of diabetes, and in case of SMBG products, even some low-cost devices from China & Taiwan. Some of the major names in the space for SMBG and POCT testing are Roche, Abbott, LifeScan and Ascensia Diabetes Care. In the case of CGM, Medtronic dominates the Asia-Pacific region, with the global majors of Dexcom and Abbott not having ventured into this region, as yet. The insulin pen segment is dominated by pharmaceutical companies: Novo Nordisk, Sanofi, and Eli Lilly. Some other players may also be present, depending on the country in question (for e.g., Biocon from India). Insulin Pumps segment too is dominated by Medtronic, though the South Korean manufacturer SOOIL Development is present in some countries in the Asia-Pacific region. Medtronic also supplies basic and/or advanced versions of its pumps, depending on the country in question. Other western players such as Insulet have not entered this market yet.

This study provides an in-depth view for each of the 4 segments of SMBG and POCT, CGM, insulin pens and insulin pumps, with drivers, restraints, market revenue forecasts, average selling prices of products and consumables, market shares of the top players, their market strategies, and route to market. In addition, it provides a country-level overview of public health policies for diabetics, reimbursement and regulatory insights, as well as distribution insights with key distributors highlighted, and also growth opportunities for the diabetes market in the country.

Author: Siddharth Shah

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Diabetes Prevalence and Diagnosis Trends

Diabetes Devices Market Participants

Diabetes Devices Market Participants (continued)

Indonesia Glucose Monitoring and Diabetes Management

Distribution Insights—Indonesia

Market Definitions

Scope and Segmentation

Revenue Forecast by Device Type

Revenue Forecast Discussion

Market Drivers

Market Restraints

Revenue Forecast by Device Type

Revenue Forecast Discussion

Revenue Forecast by Application

Revenue Forecast Discussion

Personal SMBG Devices Market Share

Professional SMBG Devices Market Share

SMBG Devices Market Participant Strategy

POCT Devices Market Participant Strategy

SMBG Route-to-Market Analysis

CGM Segment Background

Market Drivers

Market Restraints

Revenue Forecast

Revenue Forecast Discussion

Market Share

Market Participant Strategy

Route-to-Market Analysis

Market Drivers

Market Restraints

Revenue Forecast

Revenue Forecast Discussion

Market Share

Insulin Pump Market Participant Strategy

Insulin Pumps Route-to-Market Analysis

Country Policies for Diabetes

Diabetes Device Regulatory Insights

Reimbursement and Insurance Insights

Route to Market

Key Distributors

Growth Opportunity 1—Unlocking Untapped Potential

Growth Opportunity 2—Improving Market Adoption

Strategic Imperatives for Success and Growth

3 Big Predictions

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Diabetes is a growing concern, with more than 425 million people suffering the world over. Indonesia is no exception. It has high prevalence, of about 7% or an estimated 10.48 million diabetics in the country in 2018. Unfortunately, only about 26% of this population is actually diagnosed, meaning over two-thirds of those diabetics are diagnosed only at later stages, often after complications arise; complications which decrease quality of life and also increases the cost of care. Indonesia being predominantly uninsured or not offering coverage for diabetes management devices also means that glucose levels tend to be irregularly monitored. This results in even the diagnosed population developing health complications due to the condition. The potential for the market in Indonesia, and Asia-Pacific countries in general is huge, but is hampered by access and affordability issues. For any company to target these markets, it is crucial to understand the current competitive landscape, reimbursement and regulatory policies, and also the distribution structure of the market to best understand their opportunity and go-to-market strategy. There are four types of medical devices that are crucial for diabetics: self-monitoring of blood glucose (SMBG) and the professional point-of-care testing (POCT); continuous glucose monitoring (CGM); insulin pens; and insulin pumps. Broadly, these can be classified under monitoring (SMBG, POCT and CGM), and management (insulin pens and insulin pumps). Most of the Asia-Pacific region see these devices being imported, provided by mostly the multinational majors of diabetes, and in case of SMBG products, even some low-cost devices from China & Taiwan. Some of the major names in the space for SMBG and POCT testing are Roche, Abbott, LifeScan and Ascensia Diabetes Care. In the case of CGM, Medtronic dominates the Asia-Pacific region, with the global majors of Dexcom and Abbott not having ventured into this region, as yet. The insulin pen segment is dominated by pharmaceutical companies: Novo Nordisk, Sanofi, and Eli Lilly. Some other players may also be present, depending on the country in question (for e.g., Biocon from India). Insulin Pumps segment too is dominated by Medtronic, though the South Korean manufacturer SOOIL Development is present in some countries in the Asia-Pacific region. Medtronic also supplies basic and/or advanced versions of its pumps, depending on the country in question. Other western players such as Insulet have not entered this market yet. This study provides an in-depth view for each of the 4 segments of SMBG and POCT, CGM, insulin pens and insulin pumps, with drivers, restraints, market revenue forecasts, average selling prices of products and consumables, market shares of the top players, their market strategies, and route to market. In addition, it provides a country-level overview of public health policies for diabetics, reimbursement and regulatory insights, as well as distribution insights with key distributors highlighted, and also growth opportunities for the diabetes market in the country. Author: Siddharth Shah
More Information
No Index No
Podcast No
Author Siddharth Shah
Industries Healthcare
WIP Number PAC0-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9A49-B1,9A4B-B1