Pacific Bridge Medical’s distribution consultants have extensive experience in locating talented medical device distributors in Asia. We will carry out a multi-step process to make sure you sign up with the best distributor for your medical products, saving you both time and money.
Key Steps to PBM’s Medical Device Distributor Search in Asia
- In the first step of selecting a qualified distributor, we study, evaluate, and handpick different candidates that we find through our local offices in Asia.
- Next, we clarify product information – for example, distinctive features and functions – and elaborate on prospective market growth options so that your potential distributors have a clear understanding of the opportunity for your medical device.
- In step three, prospective distributors hand in sales proposals, which details their marketing and promotion plans, sales predictions, and more.
- The fourth step of the process includes picking the ideal distributor after a thorough analysis of the various proposals. We also provide support for contract negotiation and will help you get set up with your new distributor after the agreement is finalized. In addition, we can manage your Asian distributors from one of our local Asian offices.
Asia Sales Program Option for Small Medical Device Manufacturers
Are you a small device manufacturer looking to expand into Asia? If so, consider our Asia Sales Program as a tool to help get your foot in the door. We recognize that it is a huge expense to expand overseas. That is why this commission-based program was specifically constructed to give small companies an advantage in breaking through Asia’s medical device markets. Only some small medical device companies with global sales of at least $10 million may qualify for this program based on their product. Contact us today to find out if your device company is eligible.
Asia Sales Program Advantages
- Commission-based service means keeping costs low.
We do not require any payments upfront. We also do not charge extra fees for helping with registering medical devices. We receive payments only when orders are placed through the distributors we help you find.
- Our program includes training your distributor for success.
We will help to educate and develop your distributors to be profitable in their operations throughout the country.
- We will manage your distributor wherever you decide to go in Asia.
Through phone and email conversations, as well as routine visits, our local offices will help keep tabs on your Asian distributor in whichever country you decide to enter. We will even be present at trade shows and meetings between your distributor and key doctors, to assist and monitor your distributor as necessary.
Medical Device Distributor Search in Hong Kong
Hong Kong relies significantly on medical equipment imports. According to the U.S. government, 25% of Hong Kong’s medical device market is made up of U.S. imports. Many medical distributors in Hong Kong are well-connected to the Macau market as well, providing further opportunities for foreign medical device companies. Particular opportunities are available in Hong Kong for surgical devices, hospital disposables, and laboratory equipment.
There are several high quality distributors in Hong Kong; however, they may not be accepting new clients. Thus, it may take time to find a qualified medical device distribution partner in Hong Kong. In addition, it is essential to find a distributor who has strong links to Hong Kong’s Hospital Authority (HA), as the HA plays a key role in medical product procurement.
Medical Device Distributor Search in Indonesia
Foreign medical device companies will likely need to pick a number of regional or even local distributors to more effectively cover the entire country.
Medical Device Distributor Search in Korea
Since the entire country is about the same size as the state of Virginia in the U.S., granting an exclusive contract to a single qualified Korean medical device distributor may be effective. However, many medical device distributors in the capitol of Seoul utilize sub-dealers in the smaller Korean cities. The greater Seoul medical market makes up about one-half of the overall Korean medical market.
Keep in mind that relationships of trust are key in Korea, and meeting and signing up distributors at trade shows (where there is no established relationship) may lead to problems down the road. Business is done through relationships, including extended families, high school or college classmates, and introductions via other Korean contacts that you know well.
Medical Device Distributor Search in Malaysia
There are four major distribution channels in Malaysia — the largest is government run hospitals, followed by private clinics, private hospitals, and pharmacies. While domestic Malaysian medical device companies produce many basic devices and equipment (i.e. rubber gloves), the high end of Malaysia’s medical device market is driven by imports from foreign device companies. In particular, there are exceptional growth opportunities in Malaysia for orthopedic implants, prosthetic devices, cardio implants, etc.
Medical Device Distributor Search in the Philippines
The process of finding the best medical device distribution partner for your company in the Philippines can take time. The number of good medical device distributors is very limited. Due to the fragmentation of the Philippine archipelago, there are few truly national medical device distributors. Most distributors are based in Manila, so reaching areas far away from the capital can run into issues of logistics, infrastructure, and cost. Hospitals often buy devices from dealers they know and trust; thus, relationships are very important when choosing a device distributor in the Philippines.
Medical Device Distributor Search in Singapore
Leading global distributors have built regional headquarters or hub operations in Singapore. There are many high-quality medical device distributors in Singapore, but it is crucial to find the best partner for your company.
Medical Device Distributor Search in Taiwan
Taiwan has approximately 40,000 local distributors with relationships with healthcare facilities. The government procurement agency is usually in charge of large equipment purchases for public hospitals. Private hospitals often have on-going relationships with local distributors.
Lifestyle diseases are a growing problem for Taiwan, with rising demand for cancer, diabetes and cardiovascular treatment devices. With a rapidly aging Taiwanese population, there are particular opportunities for foreign medical device companies in geriatric and diagnostic products. Other areas of growth include dental implants and plastic surgery supplies, as these treatments are growing in popularity and are paid for out-of-pocket.
Medical Device Distributor Search in Thailand
The medical device distribution system in Thailand is made up of small to mid-sized local distributors, sometimes family owned. Foreign medical device companies that are looking for a Thai distribution partner must look out for some of these distributors who lack professional skills in marketing, sales and customer support. Furthermore, it is crucial to choose a Thai distributor who has good professional and personal relationships with the important stakeholders in both public and private hospitals. Choosing the right distributor is key to growing your sales in the Thai medical device market.
Medical Device Distributor Search in Vietnam
There are only a few national level device distributors in Vietnam. However, the majority of Vietnamese medical device distributors are localized. The largest medical device purchasers are government funded hospitals, making up about 70% of the market. Foreign-owned clinics and hospitals are the second largest device purchasers, followed by local private hospitals and educational/research institutions.
For devices that exceed $5,700, public hospital purchases must be made through provincial or national bidding. Since foreign companies cannot submit a tender on their own, having a local distribution partner with strong technical skills and solid relationships with hospitals, healthcare facilities and the Ministry of Health is important for the success of your device in Vietnam.
Pacific Bridge Medical has been locating and working with the best Southeast Asian medical distributors for years. Whether you want to enter the market in Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, or Vietnam, our consultants are able to discover the most dependable and efficient distributors for you.
Contact us and learn how choosing a distributor that’s right for your company can go a long way.
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