Thailand Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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Thailand Medical Devices Report
Product Price
$1,295.00

BMI View: We expect the market to rise at a CAGR of around 12% during the forecast period, with imports supplying much of the market. Budget constraints within the public health sector, along with the current uncertain political situation are likely to place pressure on growth but this could be tempered by the performance of the private medical tourism sector.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 1,070.5 15.9 34,767.8 517.2 32.5
2015 1,209.1 17.9 40,203.3 596.5 33.3
2016 1,310.4 19.4 44,823.6 663.7 34.2
2017 1,477.2 21.8 50,010.6 739.2 33.9
2018 1,676.9 24.8 55,555.1 820.1 33.1
2019 1,869.5 27.6 61,402.1 905.6 32.8

Latest Updates And Forecasts

  • We forecast that the market will expand by a CAGR of 11.8%, which will see it rise from USD1.1bn in 2014 to USD1.9bn in 2019. By product area, growth is expected to range from 17.3% for diagnostic imaging to 5.4% for patient aids.

  • We expect import performance to remain strong into 2016. Sustained imports recovery will depend on how the current political situation in Thailand plays out. Imports increased by 11.4% to USD284.5mn in the three months May 2016, and grew by 9.7% to USD1.0bn in the 12 months to May 2016.

  • Based on current trends, we expect export growth to continue fluctuating. However, we anticipate a positive performance later in 2016. Exports increased by 12.1% to USD217.8mn in the three months to May 2016, and fell by 0.6% to USD853.4mn in the year ending May 2016.

  • Thailand's medical tourism sector will continue to evolve as competition within the industry intensifies. Pricing and synergising the country's medical tourism offerings with the broader tourism sector's products will both be key in establishing its value proposition. We also anticipate Thailand to compete strategically, specialising in selected treatments. This will have a tangible impact on medical device sales, as medical tourism is a key source of healthcare spending in Thailand.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
9
Latest Updates And Forecasts
9
SWOT
10
Medical Device Market SWOT
10
Industry Forecast
13
Medical Device Market Forecast
13
Latest Updates
13
Structural Trends
13
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
15
Consumables Market Forecast
19
Latest Updates
19
Structural Trends
19
Bandages & Dressings
19
Suturing Materials
20
Syringes, Needles & Catheters
20
Other Consumables
20
Table: Consumables Market, 2009-2019 (USDmn)
21
Table: Consumables Market, 2010-2019 (USDmn % Change)
22
Diagnostic Imaging Market Forecast
24
Latest Updates
24
Structural Trends
24
Electrodiagnostic Apparatus
24
Radiation Apparatus
24
Imaging Parts & Accessories
25
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
26
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
27
Dental Products Market Forecast
29
Latest Updates
29
Structural Trends
29
Capital Equipment
29
Instruments & Supplies
29
Table: Dental Products Market, 2009-2019 (USDmn)
30
Table: Dental Products Market, 2010-2019 (USDmn % Change)
31
Orthopaedics & Prosthetics Market Forecast
33
Latest Updates
33
Structural Trends
33
Fixation Devices
33
Artificial Joints
33
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
34
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
36
Latest Updates
36
Structural Trends
36
Portable Aids
36
Therapeutic Appliances
36
Table: Patient Aids Market, 2009-2019 (USDmn)
37
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Latest Updates
40
Structural Trends
40
Table: Other Medical Devices Market, 2009-2019 (USDmn)
41
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
42
Annual Medical Device Imports
44
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
47
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
49
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2014
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, Year Ending February 2016 (USDmn)
61
Annual Medical Device Exports
62
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
64
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
65
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
67
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
68
Table: Detailed Medical Device Export Trends By Product Area, 2014
71
Table: Detailed Leading Medical Device Destinations by Product Area, 2014 (USD000s)
74
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
77
Monthly Medical Device Exports
81
Table: Monthly Medical Device Exports By Product Area, Year Ending February 2016 (USDmn)
81
Industry Risk/Reward Index
82
Table: APAC Medical Device Risk/Reward Index, Q316
83
Market Overview
84
Medical Device Market Overview
84
Table: Medical Device Market, Key Ratios, 2015
84
Table: Medical Device Market By Product Area, 2015
85
Healthcare Overview
85
Health Status
85
Healthcare System
87
Private Sector
90
Healthcare Funding
92
Healthcare Resources
93
Table: Medical Device Technology By Type, 2010
93
Healthcare Personnel
93
Key Healthcare Data
94
Table: Key Healthcare Data, 2010-2015
94
Industry Trends And Developments
96
Industry Trends & Developments
96
Regulatory Development
101
Medical Devices Regulations
101
Competent Authority
101
Medical Device Regulations
101
Refurbished/Used Medical Devices
102
Medical Device Labelling
102
Asian Medical Device Directive (AMDD)
102
Competitive Landscape
104
Domestic Medical Device Production
104
Overview
104
Medical Device Production Zone
104
Research & Development
104
National Medical Device Manufacturers
105
Bever Medical Industry
105
Infus Medical
105
Medical Device Manufacturer (MDM)
105
M
106
Siam Sempermed Corporation
106
Shun Thai Rubber Gloves
107
Thai Rubber Latex Corporation (Thaitex)
107
W
107
Multinational Medical Device Manufacturers
108
Ansell
108
Cardinal Health
108
Medtronic
109
Nipro
109
Multinational Market Activity
110
B
110
Boston Scientific
110
Fresenius Medical Care
110
General Electric
111
Johnson & Johnson
111
Philips Healthcare
111
Siemens
112
Smith & Nephew
112
Stryker
113
Medical Device Market Access
113
Distribution
113
Trade Association
114
Trade Shows
114
Methodology
115
Forecast Methodology
115
Trade Code Classifications
116
Table: Rearranged HS Trade Codes
117
Risk/Reward Index Methodology
120
Table: Medical Devices Risk/Reward Index Indicators
121
Sources
123
Contact
124

The Thailand Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in Thailand provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the Thailand Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for Thailand, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in Thailand.
  • Target Business Opportunities in the Thailand Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in Thailand.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.