InnoPack South East Asia
New for 2013
InnoPack brings the latest innovations in packaging and drug delivery systems to pharmaceutical buyers.Covering packaging, drug delivery systems, labelling and track & trace, InnoPack co-locates with CPhI events globally to provide networking and education while showcasing solutions in this increasingly important aspect of the pharma supply chain. Packaging plays a key role in product development, safety, dosage and dispensing and growth and InnoPack will highlight global packaging solution providers.
Indonesia alone represents the world’s fourth most populous country with 238 million people and a CAGR of 11% well above the world’s average. The Deputy Minister of Health spoke to the region’s huge growth potential at CPhI SEA in 2012: “Rapid population growth and the improving economy are factors that will increase drug consumption here.” Describing the government’s 2014 social insurance programme designed to provide free healthcare for 76.4 million people, he added“...if the poor people get sick, there’s no need for them to pay, as everything is already paid by the government. Under such a situation, we have many opportunities for investors and drug manufacturers to produce and to meet the need and demand for drugs to the community.”
At the same time, ongoing harmonisation across the ASEAN (Association of South East Asian Nations) promises to make the entire region more competitive and powerful in the world market. Vietnam’s pharma industry is expected to have a CAGR of 24% with Malaysia, the Philippines, Thailand and Singapore also poised for growth.