Oxymat is tapping into the ‘huge potential market’ in the healthcare sector in South East Asia with a new oxygen supply contract in Myanmar.
The company secured a deal to supply oxygen plants with cylinder filling stations to four hospitals in Myanmar in November (2013) – becoming the first to install such a quantity of oxygen plants and restart business in the long-isolated country.
That’s according to the group’s December 2013 newsletter, which cites the economic and medical gas market opportunity in the region. With 60 million inhabitants, Myanmar (Burma) is the largest country in South East Asia and is therefore a highly promising prospect for business.
Further, Oxymat cites a Myanmar healthcare sector that, up until 2013, was suffering ‘from over 50 years of neglect’. With investment in the country’s healthcare sector expected and a network of both public and private sector hospitals that rely heavily on ‘costly cryogenic oxygen’, Oxymat claims it is ‘ready to tap this huge potential market’.
The company undertook a visit to Myanmar which revealed new possibilities for the company – and promptly secured the new oxygen plants contract in November.