Indonesia Pharma up

May 2, 2014

THE Indonesian pharmaceutical market value will climb from approximately $5b in 2013 to $9.9b by 2020, at a compound annual growth rate of 10.2%, research and consulting firm GlobalData said. Driven by increased government healthcare spending and an increase in life expectancy, the majority of the growth comes from patented drugs, according to the report. However, GlobalData Healthcare Industry Dynamics director Joshua Owide said the country’s regulatory system for Intellectual Property enforcement was problematic on a number of levels, due to inadequate observation and enforcement, and the lack of an effective customs record system to discourage infringement of IP rights.

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Pharmacy Daily | Indonesia Pharma up

Indonesia Pharma up

Other recent headlines

Diverse roles to tackle health needs

Vic interns to immunise with new approval

Patients not hanging up on telehealth

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES