- Demand for Medical devices in Thailand is expected to grow as there is an increase in the aging population and growing significance as a manufacturing hub.
- High disease prevalence and demand for specific diagnosis is expected to drive the demand further with the introduction of technologically advanced equipment in the country.
- The creation of a world-class healthcare sector is a top priority for the Thailand and the healthcare sector is expected to advance and expand significantly in the next few years which will support the growth of Medical Device Market in the country.
Thailand’s Expanding Healthcare Infrastructure: Thailand’s growing healthcare infrastructure is boosting the Medical Device Market in Thailand. Along with it, the increase in import volume in the healthcare sector will boost the demand for Medical Devices in the country. Thailand’s growing healthcare infrastructure has been attracting major players from around the world to meet the growing demand for Medical Devices. Apart from the European and American manufacturers many Chinese and Korean manufacturers are also targeting the high potential Thailand Medical Device Market.
High disease prevalence of ischemic heart disease in Thailand Ischemic Heart Disease remains the largest cause of mortality in the country. To cope with the high volume of cases, human resource capacity in this area is generally higher than that of other medical specialties.
Import Dependent Market: Thailand Medical Devices Market is an import dependent market with 90% revenue generated in 2020 and devices imported from countries such as Germany, Japan and China. Local production limited to prototype units, spare parts and disposables such as surgical gloves, syringes, and needles. The lower share of domestic production is majorly due to lack of capabilities and fewer numbers of local manufacturing companies in the Thailand.
The report titled “Thailand Medical Device Outlook to 2026F – Driven by prevalence of chronic diseases in the country combined with the government’s supportive policies and the BOI’s incentives.” provides a comprehensive analysis on the status of the medical device market in Thailand. The report covers various aspects including the current market scenario in Thailand, procurement and pricing trends, market potential of each medical device, major growth drivers, tech disruptions and innovations, and competition benchmarking. The report concludes with market projections for future of the industry including forecasted industry size by revenue and business activity.
Key Segments Covered
- By Type of Business Activity
- Import
- Local Production
- By Mode of Selling
- Distributor Mediated
- Direct Sales
- By Type of Device
- Medical Consumables
- Diagnostic Imaging Products
- Respiratory Products
- Dental and Orthopedic Products
- Cardiac Device
- Hospital Furniture
- Auxiliary Devices
- Ophthalmic Devices
- Dialysis Machine
- Others
- By Type of Medical Consumable
- Indoor surgical Gloves and Masks
- Syringes, Needles and Catheters
- Intravenous Administration Set
- Sutures and catgut
- Infusion Pumps
- Ostomy
- Bandages, Dressings and Others
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By Type of Diagnostic Imaging Product
- CT Scan
- X-ray Based Products
- Ultrasound
- MRI
- Electro diagnostic apparatus (Functional Examination)
- ECG
- Others
- By Type of Cardiac Device
- Angioplasty Device
- Cardiac Rhythm Management
- ICD
- Implants
- Pacemakers
- Heart-Lung Machines
- Others
- By Type of Respiratory Products
- Oxygen Concentrator
- Nebulizers
- Humidifier
- Ventilators
- Airway Pressure devices
- Others
- By Type of Dental and Orthopedic Products
- Orthopedic Appliances
- Artificial teeth and dental fittings
- Dental appliances
- Surgical Belts
- Trusses
- Crutches
- Others
Companies Covered
Manufacturing Companies
- Nipro (Thailand)
- Hoya Optics
- Kawasumi Laboratories
- Meditop
- GE Medical Systems (Thailand)
- Eyebiz Laboratory (Thailand)
- Emerald Nonwovens Internationa
- Infus Medical (Thailand)
- M.E. Meditek
Distributor Companies
- MindMedical
- Unitech Healthcare Co. Ltd.
- R.X. Company
- Kha Bangkok
- Bangkok Unitrade
- Gateway Healthcare Co. Ltd.
- Medical intensive care co. ltd
- Thai hospital products co. ltd
- iCare medical co ltd
- DKSH (thailand) co. ltd
- BJC Healthcare
- Prime medical co. ltd
- Siam pharmaceutical
Key Topics Covered in the Report
- Executive Summary
- Thailand Medical Device Market Future Outlook
- Overview of Thailand Healthcare System
- Thailand Medical Device Market Introduction and Overview
- Industry Life Cycle and Value Chain of Thailand Medical Device Market
- Key Market Drivers in the Thailand Medical Device Market
- Demand & Supply Side Ecosystem, Preferences & Trends across Thailand Medical Device Market
- Thailand Medical Device Market Size by Revenue
- Thailand Medical Device Market by Type of Devices and Sub Segments
- Thailand Medical Device Market by End Users
- Thailand Medical Device Market by Regions
- Competitive Factors and Assessment in Thailand Medical Device Market
- Market Trends and Development
- Market Issues and Challenges
- Government Rules and Regulations
- Thailand Medical Device Market Future Outlook
- Upcoming Technologies in the Medical Device Market
- Analyst Recommendations
Related Reports
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