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 USD1,070.5mn in 2014 to USD1,869.5mn 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 7.1% to USD257.5mn in the three months to October 2015, and grew by 7.4% to USD994.5mn in the 12 months to October 2015.

  • We expect exports to fall slightly for full year 2015, and into 2016. Exports fell by 1.3% in the first nine months of the year. Exports fell by 2.3% to USD212.4mn in the three months to October 2015, and grew by 0.3% to USD845.7mn in the year ending October 2015.

  • The government's plan to make Thailand an international hub is a big driver of medical device market growth. The government aims to promote and enhance the quality of 172 private hospitals in 10 major tourism provinces, so that they can receive the Joint Commission International (JCI) accreditation. We expect hospitals to be modernised and new equipment to be bought in order to achieve this.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
Latest Updates And Forecasts
7
SWOT
8
Medical Device Market SWOT
8
Industry Forecast
11
Medical Device Market Forecast
11
Latest Updates
11
Structural Trends
11
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
13
Consumables Market Forecast
17
Latest Updates
17
Structural Trends
17
Bandages & Dressings
17
Suturing Materials
18
Syringes, Needles & Catheters
18
Other Consumables
18
Table: Consumables Market, 2009-2019 (USDmn)
19
Table: Consumables Market, 2010-2019 (USDmn % Change)
20
Diagnostic Imaging Market Forecast
22
Latest Updates
22
Structural Trends
22
Electrodiagnostic Apparatus
22
Radiation Apparatus
22
Imaging Parts & Accessories
23
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
24
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
25
Dental Products Market Forecast
27
Latest Updates
27
Structural Trends
27
Capital Equipment
27
Instruments & Supplies
27
Table: Dental Products Market, 2009-2019 (USDmn)
28
Table: Dental Products Market, 2010-2019 (USDmn % Change)
29
Orthopaedics & Prosthetics Market Forecast
31
Latest Updates
31
Structural Trends
31
Fixation Devices
31
Artificial Joints
31
Other Artificial Body Parts
32
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
32
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
32
Patient Aids Market Forecast
34
Latest Updates
34
Structural Trends
34
Portable Aids
34
Therapeutic Appliances
34
Table: Patient Aids Market, 2009-2019 (USDmn)
35
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
36
Other Medical Devices Market Forecast
38
Latest Updates
38
Structural Trends
38
Table: Other Medical Devices Market, 2009-2019 (USDmn)
39
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
40
Annual Medical Device Imports
42
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
45
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
47
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
48
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2014
53
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
56
Monthly Medical Device Imports
59
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
59
Annual Medical Device Exports
60
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
62
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
63
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
65
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Detailed Medical Device Export Trends By Product Area, 2014
69
Table: Detailed Leading Medical Device Destinations by Product Area, 2014 (USD000s)
72
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
75
Monthly Medical Device Exports
79
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
79
Industry Risk/Reward Index
80
Table: APAC Medical Device Risk/Reward Index, Q216
81
Market Overview
82
Medical Device Market Overview
82
Table: Medical Device Market, Key Ratios, 2014
82
Table: Medical Device Market By Product Area, 2014
83
Healthcare Overview
83
Health Status
83
Healthcare System
85
Private Sector
88
Healthcare Funding
90
Healthcare Resources
91
Table: Medical Device Technology By Type, 2010
91
Healthcare Personnel
91
Key Healthcare Data
92
Table: Key Healthcare Data, 2010-2015
92
Industry Trends And Developments
94
Industry Trends & Developments
94
Regulatory Development
97
Medical Devices Regulations
97
Competent Authority
97
Medical Device Regulations
97
Refurbished/Used Medical Devices
98
Medical Device Labelling
98
Asian Medical Device Directive (AMDD)
98
Competitive Landscape
100
Domestic Medical Device Production
100
Overview
100
Medical Device Production Zone
100
Research & Development
100
National Medical Device Manufacturers
101
Multinational Medical Device Manufacturers
105
Multinational Market Activity
107
Table: Multinational Market Activity, 2016
107
Medical Device Market Access
109
Distribution
109
Trade Association
110
Trade Fairs
111
Methodology
112
Forecast Methodology
112
Trade Code Classifications
113
Table: Rearranged HS Trade Codes
114
Risk/Reward Index Methodology
117
Table: Medical Devices Risk/Reward Index Indicators
118
Sources
120
Contact
121

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.