The Indonesia
hospital market is anticipated to witness an impressive growth during the
forecast period. This can be ascribed to the increase in the disposable income of Indonesia’s middle class population,
who can afford private healthcare services, including hospital care. The
Indonesian government is investing in healthcare infrastructure and expanding
healthcare coverage to more citizens, which is driving demand for hospital
care. The adoption of new technologies, such as telemedicine and electronic
health records is improving healthcare delivery and increasing the efficiency
of hospital operations. Private sector investment in the Indonesian hospital
market is increasing, with domestic and international companies investing in
hospital infrastructure, technology, and staff training to improve the quality
of care and expand their market share. Hospitals in Indonesia are increasingly
specializing in certain areas of healthcare, such as oncology, cardiology, and
orthopedics, to provide specialized care and attract more patients. Many large
corporations in Indonesia have their own hospitals to provide healthcare
services to their employees. These hospitals offer specialized services and are
often located near corporate offices or factories. The hospital market in
Indonesia is characterized by the presence of many small and medium-sized
hospitals, which often lack the resources and expertise to provide specialized
services. This has created opportunities for larger hospital chains to expand
their operations and offer more comprehensive services to patients. Regional hospitals
of Indonesia are often owned and operated by the government and provide basic
healthcare services to the local population.
International hospitals cater to the needs of
expatriates and wealthy Indonesians who prefer to receive medical treatment in
Indonesia rather than traveling overseas. These hospitals often provide
high-quality medical services and are equipped with the latest medical
equipment and technology.
Innovation In Technology
There are several new technologies that are being
implemented in hospitals in Indonesia to improve the quality of care and
increase efficiency. Some of the new technologies in hospital include, electronic
health records (EHRs), which improves patient record-keeping and reduces the
need for paper-based records. This can improve patient safety, reduce errors,
and streamline processes such as, appointment scheduling and billing.
Telemedicine technology is being used in some hospitals in Indonesia to provide
remote care to patients who may not be able to travel to a hospital. This can
improve access to care, particularly for patients in rural or remote areas. Artificial
intelligence (AI) and machine learning, some hospitals in Indonesia are using
AI and machine learning technologies to improve diagnosis and treatment
planning. For example, AI-powered imaging systems can help radiologists to
identify and diagnose abnormalities more quickly and accurately. Robotic
surgery, some hospitals in Indonesia are using robotic surgery systems to
perform minimally invasive surgeries with greater precision and accuracy. This
can reduce the risk of complications and improve patient outcomes. Wearable
devices, some hospitals in Indonesia are using wearable devices to monitor
patients' health remotely and detect early warning signs of health problems.
This can help to prevent complications and reduce the need for hospitalization.
These are just a few new technologies being implemented in hospitals in
Indonesia. As the healthcare technology sector continues to grow, we can expect
to see more innovations that improve the quality of care and increase
efficiency in hospitals across the country. This factor will help in the growth
of Indonesia hospital market.
Increasing Specializations in Healthcare Services
Specialized hospital services can provide patients
with access to expert care for specific medical conditions and can help to
improve patient outcomes by providing tailored treatment plans and individualized
care. Some examples of specialized hospital services that are increasingly
being offered in Indonesia include, cardiology and cardiovascular surgery, with
the increasing incidence of heart disease in Indonesia, there has been a
growing demand for specialized cardiac care services, including cardiology and
cardiovascular surgery. With the increasing prevalence of cancer in Indonesia,
there has been a growing demand for specialized oncology and cancer care
services, including chemotherapy, radiation therapy, and surgical oncology.
With the increasing incidence of neurological conditions such as stroke and
dementia, there has been a growing demand for specialized neurology and
neurosurgery services. With the increasing interest in sports and physical
activity, there has been a growing demand for specialized orthopedics and
sports medicine services, including joint replacement surgery, rehabilitation
services, and sports injury prevention and treatment.
By offering specialized hospital services, hospitals
in Indonesia can differentiate themselves from competitors and attract patients
seeking high-quality and specialized care. But also, it is important to ensure
that these services are delivered in a safe and effective manner, and that
patients have access to high-quality medical professionals and equipment. This
factor will accelerate the speed of Indonesia hospital market.
Rise in Middle Class Income
As the middle class expands and their incomes
increase, they are more likely to seek higher quality healthcare services,
including hospital care, leading to an increase in demand for these services. The
middle class in Indonesia has grown significantly over the past two decades,
with the percentage of the population considered middle class rising from 7% in
2002 to 20% in 2019, according to world bank. This growth has been driven
by a combination of factors, including rising incomes, improved education levels,
and economic growth. As more people enter the middle class, they have greater
disposable income and can spend more on goods and services, including
healthcare. The increase in income among the middle class is particularly
important for the healthcare sector, as it is likely to lead to increased
demand for higher quality healthcare services, including hospital care. This
may create opportunities for hospitals to invest in new technologies and expand
their services to meet the growing demand. On top of that, the growing middle
class is likely to have increased access to private health insurance, which may
make it easier for them to access more expensive healthcare services, including
hospital care. This may also lead to an increase in demand for private hospital
services. This factor will expand the Indonesia hospital market.
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Recent Developments
In 2021: Singapore-based healthcare company Parkway
Pantai acquired a controlling stake in Siloam Hospitals, one of the largest
private hospital chains in Indonesia. The acquisition is expected to strengthen
Siloam's position in the Indonesian healthcare market and allow Parkway Pantai
to expand its presence in the region.
In 2019: Indonesian conglomerate Lippo Group
announced plans to invest USD 1 billion in the healthcare sector, including the
development of new hospitals and healthcare facilities across the country. The
investment is part of the company's strategy to expand its presence in the
healthcare sector and capitalize on the growing demand for healthcare services
in Indonesia.
In 2018: Siloam Hospitals signed a memorandum of
understanding with China's Ping an insurance to collaborate on healthcare
services in Indonesia. The collaboration is expected to improve access to
healthcare services for Indonesian patients and provide new business
opportunities for both companies.
Market Segmentation
Indonesia hospital market can be segmented into ownership, hospital type, type of service, bed
capacity, and region. By ownership,
Indonesia hospital market can be segmented into public and private. By hospital
type, Indonesia hospital market can be segmented into general, super specialty,
and multi- specialty. By type of service, Indonesia hospital market can be segmented into in-patient services and
out-patient service. By bed capacity, Indonesia hospital market can be
segmented into up to 100 beds, 100-500 beds, and above 500 beds. By region, Indonesia
hospital market can be segmented into Java, Sumatra, Kalimantan, and Bali.
Market Players
Siloam International Hospitals, Mitra Keluarga
Karyasehat, Mayapada Healthcare Group, Columbia Asia Group, RS Medika Permata
Hijau, Eka Hospital, and Rumah Sakit Pusat Pertamina are some of the market
players in Indonesia hospital market.
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Attribute
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Details
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Base Year
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2023
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Historic Data
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2018 – 2022
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Estimated Year
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2024
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Forecast Period
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2025 – 2028
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Quantitative Units
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Revenue in USD Million and CAGR for 2018-2023 and 2024-2029
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Report Coverage
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Revenue forecast, company
share, competitive landscape, growth factors, and trends
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Segments Covered
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Ownership
Hospital Type
Type of Service
Bed Capacity
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Regional Scope
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Java, Sumatra, Kalimantan, Bali
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Key Companies Profiled
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Siloam International Hospitals, Mitra Keluarga Karyasehat , Mayapada
Healthcare Group, Columbia Asia Group, RS Medika Permata Hijau, Eka Hospital,
Rumah Sakit Pusat Pertamina.
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Customization Scope
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10% free report customization
with purchase. Addition or alteration to country, regional & segment
scope.
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Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore
purchase options
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Delivery Format
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PDF and Excel through Email (We
can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, the Indonesia hospital market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Indonesia Hospital Market, By
Ownership:
o Public
o Private
- Indonesia Hospital Market,
By Hospital Type:
o General
o Super Specialty
o Multi- Speciality
- Indonesia Hospital Market,
By Type of Service:
o In-Patient Services
o Out-Patient
Services
- Indonesia Hospital Market,
By Bed Capacity:
o Up to 100 beds
o 100-500 beds
o Above 500
beds
- Indonesia Hospital Market,
By Region:
o
Java
o
Sumatra
o
Kalimantan
o
Bali
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present Indonesia hospital market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Indonesia hospital market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]