Regulatory Services in Indonesia
Indonesia's pharmaceutical market is forecasted to grow at a compound annual growth rate (CAGR) of 6.3% (±2.5%) between 2016 and 2021, reaching IDR82,13tn (USD5.87bn) by FY21.
Pharmaceutical market is rapidly expanding because of the increase in per capita earnings. Although there are over 200 local manufacturing industries, but there is a great dependence on imports of Drugs and other pharmaceutical products.