The medical device industry of Myanmar has witnessed a recent increase in demand, complimented by the market entry of prominent international medical device companies in recent years. Medical facilities in Myanmar have been looked down upon historically; one of the factors contributing to this impression has been a shortage / usage of outdated medical devices and equipment due to the neglected healthcare system.
However, demand for medical devices is steadily increasing since 2012 primarily because of:
• Government announced increase in healthcare spending
• Private Hospitals want to offer better healthcare facilities
MYANMAR’S DI AND IVD EQUIPMENT: IN DEMAND AND RISING
Diagnostic Imaging (DI) segment is expected to grow with the introduction of better quality devices and rising public health awareness. Basic DI equipment (e.g. x-ray, ultrasound) are available in public hospitals and private clinics, while advanced DI devices are found in specialized hospitals and large private hospitals in major cities. However, the middle to upper income group tend to go to the private hospitals due to the better quality of services and 24 hours service availability.
MYANMAR'S SHARE OF DIAGNOSTIC IMAGING TESTS BY FACILITIES IN 2014
Source: Solidiance Interview & Analysis