Skip to main content
  1. Market Insights
  2. Health
  3. Medical Technology

Medical Devices - Indonesia

Indonesia
  • The projected revenue for the Medical Devices market market in Indonesia is estimated to reach US$2.19bn in 2024.
  • Among the markets, Cardiology_Devices is anticipated to be the largest, with a projected market volume of US$324.10m in the same year.
  • It is expected that the revenue will exhibit an annual growth rate of 7.82% from 2024 to 2029 (CAGR 2024-2029), resulting in a market volume of US$3.19bn by 2029.
  • When compared globally, the United States is projected to generate the highest revenue, with US$181.00bn in 2024.
  • Indonesia is experiencing a growing demand for innovative medical devices, driven by its expanding healthcare infrastructure and increasing focus on improving patient outcomes.

Definition:
The Medical Devices market includes instruments and machines helping for the prevention, diagnosis, and treatment of diseases. This market is further broken down into 6 submarkets according to medical specialties or types of application. Medical devices that treat the heart, such as pacemakers, can be found in the Cardiology Devices market. The Diagnostic Imaging market covers machines and instruments for diagnosis of many different kinds of conditions. Devices for orthopedic applications, such as joint implants, are included in the Orthopedic Devices market. Ophthalmic Devices are devices used for conditions related to the eye. The General & Plastic Surgery Devices covers many different products required for surgeries. The Other Medical Devices market provides information on additional areas that are not covered by the main markets.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

Company examples: Medtronic, Johnson & Johnson, Siemens Healthineers.

In-Scope

  • Implants and prostheses
  • Assistive technology products (e.g., hearing aids, wheelchairs)
  • Clinical engineering products
  • Imaging devices
  • Active medical devices (i.e., operating with electrical energy)

Out-Of-Scope

  • Services (i.e., treatment expenses)
  • Consumer technologies, e.g., fitness trackers
  • Products for laboratory testing (IVD)
Medical Devices: market data & analysis - Cover

Market Insights report

Medical Devices: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Medical Devices market in Indonesia is experiencing significant growth and development due to various factors.

    Customer preferences:
    In Indonesia, customers have shown a growing preference for advanced and innovative medical devices. They are seeking devices that are technologically advanced, efficient, and provide accurate results. Customers also prioritize devices that are easy to use and maintain, as well as those that offer cost-effective solutions. Additionally, there is a rising demand for medical devices that can cater to the specific healthcare needs of the Indonesian population, such as devices for diabetes management and cardiovascular health.

    Trends in the market:
    One of the key trends in the Medical Devices market in Indonesia is the increasing adoption of digital health technologies. This includes wearable devices, remote patient monitoring systems, and telemedicine solutions. These technologies are enabling healthcare providers to deliver better patient care, improve diagnosis and treatment, and enhance overall healthcare outcomes. The demand for these digital health technologies is driven by the need for more accessible and convenient healthcare services, especially in remote areas of the country. Another trend in the market is the focus on preventive healthcare. There is a growing awareness among the Indonesian population about the importance of early detection and prevention of diseases. This has led to an increased demand for medical devices that can monitor and track health parameters, such as blood pressure monitors, glucose meters, and cholesterol testing devices. These devices enable individuals to take proactive measures to maintain their health and prevent the onset of chronic diseases.

    Local special circumstances:
    Indonesia has a large and rapidly growing population, which presents both challenges and opportunities for the Medical Devices market. The country's healthcare infrastructure is still developing, particularly in rural areas, which limits access to quality healthcare services. As a result, there is a growing demand for medical devices that can bridge the gap and provide healthcare solutions to underserved populations. This has led to the emergence of innovative healthcare delivery models, such as mobile clinics and telemedicine, which rely heavily on medical devices.

    Underlying macroeconomic factors:
    The Medical Devices market in Indonesia is also influenced by various macroeconomic factors. The country's economic growth and rising disposable income levels have contributed to increased healthcare spending. As people have more financial resources, they are able to afford better healthcare services and medical devices. Additionally, the government's efforts to improve healthcare infrastructure and expand healthcare coverage have created a favorable environment for the growth of the Medical Devices market. In conclusion, the Medical Devices market in Indonesia is witnessing significant growth and development due to customer preferences for advanced and innovative devices, the adoption of digital health technologies, the focus on preventive healthcare, local special circumstances, and underlying macroeconomic factors. These factors are driving the demand for medical devices and creating opportunities for market players to cater to the evolving healthcare needs of the Indonesian population.

    Global Comparison

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

    Modeling approach / Market size:

    Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

    Additional notes:

    Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

    Health

    Access more Market Insights on Health topics with our featured report

    Medical Devices: market data & analysis - BackgroundMedical Devices: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Medical technology industry - statistics & facts

    Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.