Emerging Southeast Asia pharma nations predicted to grow faster than Singapore
The CPHI Annual survey predicts a fast growth for emerging Southeast Asian pharma nations ahead of this month’s CPHI South East Asia.
According to this research, the ASEAN pharmaceutical manufacturing industry will grow by 12.8% annually with a total addressable market cap of $148.3 billion over 2021-2027 driven by increasing prevalence of chronic ailments, growing geriatric population, high investment in research and development, and increasing per capita healthcare expenditure amid the COVID-19 pandemic.
The survey findings suggest that pharma manufacturing growth in Thailand and Indonesia will see regional emergence as major exporting hubs.
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