Bangkok --(ASIA TODAY)-- Minh Vi Exhibition & Advertisement Services Co., Ltd (VEAS Co., Ltd), Dr. Win Kyaing, Dr. Winn Maw Phyoe, Executive Committee member of Myanmar Pharmaceutical & Medical Equipment Entrepreneurs’ Association, Dr. Yang Daravuth- Deputy Director of Department of Drug and Food, Ministry of Health Kingdom of Cambodia participated in the Kick-off conference announcing the PHARMED EXPO 2016 SERIES IN MYANMAR, CAMBODIA, BANGLADESH with over 40 leading organizations from Thailand.
At the Kick off Conference, the organizer introduced in specific business opportunities the trade shows would offer for exhibitors as well as visitors. The kick-off event also featured some highlight presentations such as: Heath Care market and Government Regulation, Registration Process in these emerging countries. This is a great occasion for the organizers and enterprises to exchange information relates to the exhibition as well as to connect those who are interested in these markets. The attendees showed their concern about how to register their product in Myanmar, Cambodia and Bangladesh. They also learn from the speakers which one is better if they establish 100% foreign-owned company or joint ventures in these countries.
Hosted by VEAS Co., Ltd – a professional event organizer, the exhibition focuses on hospital, diagnostic, pharmaceutical, dental, laboratory, medical and rehabilitation equipment and supplies…, welcomes about 80 exhibitors from 15 countries including national pavilions and country groups from China, Germany, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, India, Pakistan, Belarus, Myanmar, Cambodia, Vietnam, Bangladesh attracts 2,000 of healthcare professionals and traders.
The Myanmar economy, following liberalization, is seeing strong increases across a variety of sectors. Specifically healthcare is a growing industry and is set to surpass $2 billion in FY 2015-2016, up from $704 million in 2010, (research by Solidiance shows). With a rise in focus on health comes a rise in demand from the population, creating opportunities for private players. Between 2011 and 2014, the number of private hospitals jumped by 10%. One area in which international private players can play a significant role is in meeting demand for Diagnostic Imaging & In-vitro Diagnostics in the country. (Consultancy.uk)
A country of 15 million people, Cambodia’s 2015 GDP grew about 7.3%. The Cambodian Health Ministry received $271 million for 2016, an 8.6-percent increase from the previous year. The country's public health system is made up of large, national hospitals, provincial health centers, referral hospitals and smaller health posts. As the Cambodian economy develops, healthcare spending has been expanding throughout the country. Though still smaller and more difficult to do business in than many of its neighbors, Cambodia’s medical market is on a positive trajectory that should soon attract more attention from foreign medical device and pharmaceutical companies. Almost 80% of pharmaceutical sales are in Phnom Penh and the surrounding region, making distribution relatively simple. Approximately 55% of the pharmaceutical market is composed of imports, and there is significant local preference for foreign medicines. Foreign medical product companies have started to take note. (Phnom Penh Post)
The healthcare sector in Bangladesh is one of the country’s most technology developed sectors. Healthcare is available through both the public sector and private sectors. The Government of Bangladesh encourages foreign companies to partner with local companies for producing drugs, especially high-tech and specialized products. Government expenditures for healthcare have increased in absolute terms . The emergence of private healthcare services, such as those offered by a number of high-quality private hospitals, including Apollo Hospitals, Square Hospitals, United Hospital, and others. These hospitals have become popular due to their high-quality services and are a major factor for increased healthcare expenditures. They are replacing some regional healthcare travel. Bangladesh offers opportunities for U.S. exporters of high-end medical equipment, surgical instruments, diagnostic equipment, and services. Imported medicines and medical devices are subject to customs duties depending on types and classes. Anti-cancer drugs, vaccines, hormonal contraceptives, and others can be imported without any tax. The medical device sector is not currently strictly regulated, although a policy for doing so has been drafted and is now awaiting approval. (Export.gov)
Phar-Med Expo - International Exhibition & Conference on Pharmaceutical & Medical Industry in Myanmar, Cambodia and Bangladesh is one of a kind medical and healthcare event offering an ideal trade platform for the medical and healthcare industry, a great chance for local and international enterprises to set up business network among decision makers and professionals in the industry. It is on its way to becoming the most successful healthcare exhibition in these countries.
• 4th Myanmar Phar-Med Expo: 12-14 July 2016, Yangon, Myanmar
• 2nd Cambodia Phar-Med Expo: 04-05 September 2016, Phnom Penh, Cambodia
• Bangladesh Phar-Med Expo: 18-19 October 2016 – Dhaka, Bangladesh
For those who are interested in joining the exhibition in the PHARMED EXPO 2016 in Myanmar, Cambodia, and Bangladesh, please contact us at (+84-8) 3842 7755 or email us at info@veas.com.vn or visit our website http://www.pharmed-myanmar.comhttp://www.pharmed-cambodia.com and http://www.pharmed-bangladesh.com for more information.
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