3-5 DECEMBER 2024
DIECC, PHNOM PENH
CAMBODIA
3-5 DECEMBER 2024
DIECC, PHNOM PENH
CAMBODIA
| MEDICAL | PHARMACEUTICAL |
|---|---|
 Cambodia currently has limited production capabilities for medical devices, with the majority of companies operating in the sector focused on distribution rather than manufacturing. However, it is anticipated that the medical device market in Cambodia will experience growth in the future. Currently, over 80 percent of medical equipment and devices used in the country are imported. In the absence of extensive domestic manufacturing, many companies in Cambodia's medical device sector serve as distributors of medical supplies or provide certification services for medical devices. For instance, companies like TUV Rheinland from Germany and Medicom from France offer certification for medical devices in Cambodia. |
 In 2015, the healthcare market in Cambodia surpassed $1 billion, which included a pharmaceutical market valued at $260 million and experiencing double-digit growth. Importers accounted for over 55% of the pharmaceutical market, indicating a significant reliance on imported medicines. There is a notable preference for foreign medicines among the local population. During that period, Indian pharmaceuticals held a substantial market value of nearly $30 million in Cambodia. India ranked as the second-largest exporter of pharmaceuticals to Cambodia globally. Considering the market dynamics, the year 2023-24 appeared to be a favorable time for new entrants in the pharmaceutical sector in Cambodia, given the growth potential and market demand. |
The continuously growing economic outlook has seen Cambodia becoming an ASEAN country to watch in terms of trade and investment. Importantly, the government has promoted infrastructure projects such as airports, electric trains, and roads to support economic growth.
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