Due to increase in disease burden and growing medical tourism there would rise in future resulting in the high demand of medical device in Thailand: Ken Research

2022-08-09
PRNewswire
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.
GURUGRAM, India, Aug. 9, 2022 /PRNewswire/ --
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
Direct Sales
By Type of Device
Medical Consumables
Hospital Furniture
Dialysis Machine
Others
By Type of Medical Consumable
Indoor surgical Gloves and Masks
Syringes, Needles and Catheters
Intravenous Administration Set
Sutures and catgut
Ostomy
Bandages, Dressings and Others
Request for Free Sample Report @
https://kenresearch.com/sample-report.php?Frmdetails=NTM2Mjk1
By Type of Diagnostic Imaging Product
X-ray Based Products
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
Nebulizers
Humidifier
Ventilators
Airway Pressure devices
Others
By Type of Hospital Furniture
Hospital Beds with Mechanical Fittings and Dentists' Chairs
Medical, surgical, dental or veterinary furniture
Others
By Type of Auxiliary Product
Hearing Aids
Artificial body parts (excluding artificial teeth and joints)
Others
By Type of Dental and Orthopedic Products
Artificial teeth and dental fittings
Dental appliances
Surgical Belts
Trusses
Crutches
Others
By Type of End-Users
Hospitals
Clinics
Labs and Others
Request for Free Sample Report @
https://kenresearch.com/sample-report.php?Frmdetails=NTM2Mjk1
Companies Covered:-
Manufacturing Companies
Nipro (Thailand)
Hoya Optics
Reckitt Benckiser Healthcare Manufacturing (Thailand)
Meditop
Eyebiz Laboratory (Thailand)
Emerald Nonwovens Internationa
Infus Medical (Thailand)
M.E. Meditek
Distributor Companies
MindMedical
Kha Bangkok
Bangkok Unitrade
MDE Thai
Pacific Healthcare MediTop
Saintmed
Winnergy Medical
Xovic Co. Ltd.
Medical intensive care co. ltd
Thai hospital products co. ltd
iCare medical co ltd
DKSH (thailand) co. ltd
Prime medical co. ltd
MP Med group
MDC (thailand)
Siam pharmaceutical
Key Topics Covered in the Report:-
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
Medical consumables Market Thailand
Diagnostic imaging product Market Thailand
Cardiac Medical Device Market Thailand
Respiratory Medical Device Market Thailand
Hospital Furniture Products Market Thailand
Auxiliary Products Market Thailand
Dental Products Market Thailand
Orthopedic Products Market Thailand
Ophthalmic Devices Market Thailand
Dialysis Machine Market Thailand
Hospitals Market Thailand
Bangkok Medical Devices Market Revenue
Thailand Medical Devices Market
Thailand Medical Devices Distributors
Major Thailand Medical Devices Companies
For More Information, refer to below links:-
Thailand Medical Devices Market
Related Reports:-
Philippines Medical Devices Outlook To 2025 (Second Edition)- Rising Cases Of Chronic Diseases And Expected Growth In Demand For Cancer Therapy And Dialysis Equipment
The Philippines Market Device Industry was valued at PHP ~ million in 2015 and registered a positive growth during the review period of 2015-2020 reaching to a value of PHP ~ in 2020. The market is currently in Growth Stage, with an increase in number of hospitals, high prevalence of chronic diseases, rising instances of heart and kidney failures, expanding elderly population, awareness towards health checkups, incoming of medical tourism and onset of COVID-19 pandemic as some of the key drivers for the market. Medical Device Industry in the Philippines is currently import oriented, especially for highly technological machineries such as Diagnostic Imaging, Cardiac Devices, Respiratory products and others. Current demand reflects healthcare requirements for growing incidence of hypertension, diabetes/kidney diseases, TB/respiratory ailments, cancer, and some incidence of HIV/AIDS.
Brazil Medical Device Market Outlook To 2025 - By Type Of Device (Reagent For In-Vitro Diagnostics, Materials And Supplies, Laboratory Equipment And Others), Type Of Business Activity (Import And Local Production), Channel Of Sales (Distributor And Direct), Type Of End User (Hospital, Clinics And Diagnostic Lab Centers And Others) And By Region (South-East, South, North-East, Mid-West And North)
Brazil medical device market grew at a single-digit growth rate over the review period 2013-2018. The market growth was supported by an increase in public healthcare expenditure, growth in healthcare infrastructure in the country and a rise in the elderly population. The market was observed to be in the growth stage and will continue to remain so in the coming years. The demand for low-cost devices and cheap cost per test along with a change in decision making authority from doctors to hospital administration has significantly affected the growth in the market and has changed the procurement landscape in the industry.
India Medical Device Market Outlook To 2023 - By IVD Market (Type Of Device, Sales Channel, Domestic Manufacturing And Import), By Diagnostic Imaging Market (Type Of Device, Domestic Manufacturing And Import) And By Patient Aid Market (Orthopedic Device, Hospital Furniture And Hearing Aid)
India Medical Device market grew at a double-digit growth rate over the review period FY'2013-FY'2018. The market growth was supported by increase in public healthcare expenditure, growth in healthcare infrastructure in the country by expansion in established hospitals and increase in number of hospitals and rise in elderly population. The market was observed in growth stage and will continue to remain so in the forecasted period, FY'2018-FY'2023. The demand for personalized patient care and chage in decision making authority from doctors to hospital administration has significantly affected the growth in the market.
KSA Medical Devices Market Outlook to 2026 –Driven by increasing prevalence of chronic diseases, growing healthcare awareness and rising healthcare budget in the country
KSA is the largest medical device market in the Middle East region, growing at single digit CAGR in 2016-2021. It is a highly price sensitive and import dependent market with advanced medical devices imported from countries such as US, Germany, Japan and China. About half of locally manufactured devices are single-use devices are made out of plastic. KSA's increasing budget allocation for the healthcare sector and ongoing healthcare development projects has played a pivotal role in the continued growth.
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