Merck is a Jakarta-based pharmaceutical firm that offers prescription drugs of chemical and biotechnological origin as well as consumer healthcare products. The company’s net profit rose 3.5 percent (y/y) to IDR 181.5 billion (USD $13.9 million) in 2014. This growth was rather limited due to foreign exchange losses caused by the weak rupiah in combination with the slow adoption of the government’s national health insurance (JKN) program. Meanwhile, sales reached 863.2 billion (USD $65.6 million) in 2014, up 7.13 percent (y/y).

Although per capita healthcare spending is currently still low in Indonesia, consulting firm Pacific Bridge Medical expects it to grow from USD $35 in 2005 to USD $150 this year.

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