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 Industry View: A strained public healthcare system could affect market growth , along with the current uncertain political situation and the changes it may bring. We expect the market to rise at a CAGR of around 12 % during the forecast period , with imports supplying much of the market . Medical tourism will remain a key driver of growth but the political situation, if prolonged or takes a turn for the worse, could very well impact the economy and this projected growth.

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.

  • Thailand continues to rely on imports to supply most of the market, especially in the provision of more sophisticated equipment such as diagnostic imaging. In US dollar terms, imports fell by 9.7% to USD912.2mn in 2014. Based on latest collated monthly data, imports to year ending October 2015 grew by 7.4% to USD994.5mn. We expect import performance to remain strong for the remainder of 2015.

  • In US dollar terms, exports rose by 6.3% to reach USD860.3mn in 2014. Based on latest collated monthly data, exports to year ending October 2015 grew by 0.3% to USD845.7mn. Based on current trends, we expect exports to report a fall for FY2015.

  • In June 2015, the special committee of the Ministry of Public Health asked private hospitals to show medical fees on their websites. The new regulation will allow the general public to enquire about treatment fees and drug prices before receiving the treatment.

BMI Industry View
7
SWOT
9
Medical Device Market SWOT
9
Political
10
Economic
11
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2014-2019 Performance
15
Table: Projected Medical Device Market, 2014-2019
15
2009-2014 Performance
17
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
18
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 2010-2019 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
28
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
29
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
32
Table: Dental Products Market, 2010-2019 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2009-2019 (USDmn)
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
39
Other Medical Devices Market Forecast
41
Table: Other Medical Devices Market, 2009-2019 (USDmn)
42
Table: Other Medical Devices Market, 2010-2019 (USDmn % Change)
43
Annual Medical Device Imports
45
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Medical Device Imports By Product Area, 2010-2014 (USD000 % Change)
49
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s)
51
Table: Medical Device Imports By Product Area, 2010-2014 (Local Currency 000s % Change)
52
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
53
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
54
Table: Detailed Medical Device Import Trends By Product Area, 2014
57
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
60
Monthly Medical Device Imports
63
Table: Monthly Medical Device Imports By Product Area, June 2012-July 2015 (USDmn)
63
Annual Medical Device Exports
65
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
67
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s, % Change)
68
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s)
69
Table: Medical Device Exports By Product Area, 2010-2014 (Local Currency 000s, % Change)
70
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
72
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
73
Table: Detailed Medical Device Export Trends By Product Area, 2014
76
Table: Detailed Leading Medical Device Destinations by Product Area, 2014 (USD000s)
79
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
82
Monthly Medical Device Exports
86
Table: Monthly Medical Device Exports By Product Area, June 2012-July 2015 (USDmn)
86
Macroeconomic Forecasts
88
Economic Analysis
88
Table: Economic Activity (Thailand 2010-2019)
92
Industry Risk/Reward Index
93
Table: APAC Medical Device Risk/Reward Index, Q415
94
Market Overview
95
Medical Device Market Overview
95
Table: Medical Device Market, Key Ratios, 2014
96
Table: Medical Device Market By Product Area, 2014
96
Healthcare Overview
97
Health Status
97
Healthcare System
98
Healthcare Funding
103
Healthcare Resources
104
Table: Medical Device Technology By Type, 2010
105
Healthcare Personnel
105
Key Healthcare Data
105
Table: Key Healthcare Data, 2009-2014
105
Industry Trends And Developments
108
Industry Trends & Developments
108
Regulatory Development
112
Medical Devices Regulations
112
Competent Authority
112
Medical Device Regulations
112
Refurbished/Used Medical Devices
113
Medical Device Labelling
113
Asian Medical Device Directive (AMDD)
113
Competitive Landscape
115
Domestic Medical Device Production
115
Overview
115
Medical Device Production Zone
115
Research & Development
115
National Medical Device Manufacturers
116
Multinational Medical Device Manufacturers
118
Multinational Market Activity
119
Table: Multinational Market Activity, 2015
119
Medical Device Market Access
120
Distribution
120
Trade Association
121
Trade Fairs
121
Methodology
122
Forecast Methodology
122
Trade Code Classifications
123
Table: Rearranged HS Trade Codes
124
Risk/Reward Index Methodology
127
Table: Medical Devices Risk/Reward Index Indicators
128
Sources
130
Contact
131

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.