Facts Of Myanmar’s Medical Industry
- Demand for medical equipment is also on the rise as private clinics and government hospitals are replacing old equipment with new, state of the art medical equipment so they can give patients more accurate diagnosis (Quoted by: The Myanmar Times).
- General Electric Co. has secured a medical equipment deal with two hospitals in Myanmar. GE agreed through its local dealer Sea Lion Co. Ltd. to provide X-ray machines for cardiology and topography to two private hospitals in Myanmar. The company has big plans for Myanmar, where the government has vowed to boost health-care spending. (Quoted by: Reuters, 15 July 2012).
- Myanmar is now seen as an attractive investment destination for international businesses, thanks to its new incentive policies for foreign investment. People in Myanmar also face a dire shortage of essential goods such as medicine, medical equipment.
- Number of Specialist Hospitals in Myanmar: 35
- Number of Hospitals with more than 25 beds: 302
- Number of doctors in State Service: 6331
- Number of doctors in Private Practice: 11145
Facts of Myanmar’s Pharmaceutical Industry
- Estimated size of Myanmar’s Pharmaceutical Industry is about USD 100 – 120 Million CIF Value.
- Indian Pharma Companies are about 35- 40% of the market followed by Pharma companies from Bangladesh, China, Thailand, Indonesia, Pakistan and Vietnam.
- Leading Indian players there are Ranbaxy, Cippla, Dr Reddy’s etc.
- 2 Major cities Yangon and Mandalay contribute to 60% of total pharma sales in Myanmar.
- Prescription drugs can be sold in open market.
- According to the statistics of Myanmar Ministry of Commerce, Myanmar imported more than 5000 categories of Medicine annually.
- Currently there are 6 pharma manufacturers located in Myanmar.
Dr. Win Sithu, the chairman of Myanmar Pharmaceutical and Medical Equipment Entrepreneurs Association, said that Burma imported medicine worth a total of US $89 million from three neighboring countries in the year from July 2011to 2012.
India was the largest exporter of medicine to the country, with Thailand second and China third.
India may be the largest exporter of medicine to Burma because of the short flight time and high quality of medical drugs the country offers, said Win Sithu.
An official from Aung Capacity Co, a major Burmese medicine importer, said, “Burma mostly imports medicines from India because the country has both small-scale and multinational Western medicine retailers. Indian traders successfully captured the medicinal drug market in Burma long ago.”
Speaking on the import of medicines from Thailand, medical distributor Hla Thaung said, “In addition to importing medicines via the international flight routes from Thailand, medicinal drugs are also imported across the border illegally. To date we have seen non-registered [illegal] medicines being sold in Myawaddy, Myeik and Dawei [Tavoy].”
More than 100 varieties of medicines are imported to Burma, according to Win Sithu, adding that the market is more open now that tax has been lowered on widely used drugs such as Paracetamol, Burmeton and Amoxicillin.