News

Ingeneus engages with emerging markets

Ingeneus has for some years been involved in medical device development in a number of the emerging markets. India and China are countries with which the Company has engaged and undertaken several development programs with small to medium medical device groups in both jurisdictions. Our recent license agreement for the Ingeneus Low cost Diabetic Retinopathy treatment system to large group of Indian hospitals is a good example of such engagement.

As part of an ongoing investigation into opportunities in the region Thailand has also become a market of interest for the Company and a recent visit to Thailand as part of a Royal Thai Embassy Australian Business delegation has provided the opportunity to learn more about the market and to participate in high level government discussions that included a question and answer meeting with the Thai Prime Minister H.E. Mr. Abhisit Vejjajiva.

Ingeneus CEO Richard Walmsley says” As part of our ongoing efforts to engage with the emerging markets Thailand has presented itself as an interesting and developing market place. Its geographic location and well trained medical profession has driven a fast developing medical tourism industry that is accelerating the need for a local medical device industry. Ingeneus believes given its experience in other emerging markets it is well placed to capitalise on this opportunity.”

Facts about Thailand

Thailand has a population of over 67 million people. The Thai medical profession is probably one of the most advanced in the region. Successive governments have invested in ensuring the education and training Thai doctors receive is parallel to that offered elsewhere in the region. Many doctors undertake specialist training abroad, particularly the United States and Europe, and are at least equally as well qualified as physicians in the West - often more so.