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Opportunities in Health sector  
Myanmar is the largest country in mainland of South-East Asia ....

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The 2nd Myanmar International Medical, Hospital & Pharmaceutical Exhibition MYANMAR MEDI-PHARM EXPO 2015

Opportunities in Health sector  
Myanmar is the largest country in mainland of South-East Asia with population of 60.97 millions; among that,70% rural population. During the process of integrating into international economy, GDP has grown by 6,5% in the years of 2012-2013 up to 6.8% in two years of 2013-2014.
 
The Government of Myanmar gives priority to healthcare service that is delivered through three main areas and broadly categorized as: promotive and preventive services, curative services and traditional medicines. Just in three fiscal years, expenditure allocated for healthcare was increased from 1.03% of GDP in 2011 up to 3.14% of GDP in 2013.
In the years of 2011-2012 , health facilities are acknowledged of 987 public hospitals with total 54,503 hospital beds; 87 primary and secondary health centers, 348 maternal and child health centers. To answer the demands of people from all walks of life, private sector has been playing an important role in contributing healthcare services a large and powerful mighty of private hospitals, clinics and pharmacies throughout the country
 
Concurrently, there are only five state owned pharmaceutical factories undertake supplying heath products together with 350 registered companies importing and distributing. The situation has been changing after 10 private companies got the approval on setting up pharmaceutical manufacturing factory from Myanmar Investment Commission (MIC) since January, 2012. It miles a good signal on heightening local capacity of manufacturing healthcare products in Myanmar in coming time..
 
Why accessing the local market?
 
A big market to guarantee strong thriving;
Living standard of the people is has been increasing steady matches to a dramatic increase of the per capita healthcare expenditure.
Trend of establishing private-owned hospitals and clinics demands high-quality products;
The development of pharmaceutical plants increases requirement of purchasing new machine/technology
A Positive Perspective is shown:
No doubt, the medical market in Myanmar is going to growing quickly and stably in parallel with the process of developing industry in coming time;
According to the survey, the potential of increasing demand on healthcare products would be able up to 15% annually for next five years.
(Source: “Brief information on Myanmar Pharma & Medical Products Market” presented by Dr. Mu Mu Win, EC Member, MPMEEA dated 22nd May, 2014).
 

For Show Report please click here: http://www.myanmar.medipharmexpo.com/eng/index.php/138_aboutus/107/Show-Statics.html#.Vgkl9M9UDUp