Thailand Medical Devices Report

Published 23 July 2015

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Thailand Medical Devices Report

BMI Industry View: The Thai market's continued reliance on imported medical devices means demand has remain ed strong, resulting in an attractive 13.7% C AGR growth rate for the forecast period. Local manufacturers , as well as mu ltinationals, in the country remain focused on producing basic supplies mainly geared for export and this trend is not expected to change in the near future. Imports currently account for over 85 % of the market. The current political situation, if prolonged or takes a turn for the worse, could very well impact this projected growth.

Headline Industry Forecasts

  • The Thai medical device market has been undergoing a period of strong growth, and if fundamentals remain the same, the market looks set to expand at an attractive 13.7% per annum in the medium term, to reach around USD2.2bn by 2018. In 2013, the Thai medical device market is estimated at USD1.2bn, equal to USD17.2 per capita. The current political situation, if prolonged or takes a turn for the worse, could very well impact this projected growth.

  • Thailand continues to rely on imports to supply most of the market, especially in the provision of more sophisticated equipment such as diagnostic imaging. Imports grew by 4.9% to reach USD1,009.1mn in 2013, compared with the USD962.3mn recorded for 2012. Imports grew every year from 2003 to 2013 period. In CAGR terms, this was a rise of 11.9% in the 2009-2013 period. Based on latest collated monthly data, imports to year ending March 2015 fell by 4.2% to USD948.0mn.

  • Medical device exports fell by 6.7% to USD798.4mn in 2013, compared with the USD856.2mn reported in 2012. In CAGR terms however growth was positive, at 9.6%, in the 2008-2013 period. In local currency terms, exports were valued at THB24,530.5mn in 2013, a fall of 7.8% compared with the THB26,598.6mn reported in 2012. The 2008-2013 CAGR in local currency was 7.9%. Based on latest collated monthly data, exports to year ending March 2015 rose by 10.1% to...

BMI Industry View
7
SWOT
10
Medical Device Market SWOT
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
15
Medical Device Market Forecast
15
2008-2013 Performance
15
2013-2018 Performance
15
Table: Projected Medical Device Market, 2013-2018
17
Table: Detailed Medical Device Market By Product Area, 2008-2018 (USDmn)
19
Consumables Market Forecast
23
Bandages & Dressings
23
Suturing Materials
23
Syringes, Needles & Catheters
24
Other Consumables
24
Table: Consumables Market, 2008-2018 (USDmn)
24
Table: Consumables Market, 2009-2018 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
27
Radiation Apparatus
27
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2008-2018 (USDmn)
28
Table: Diagnostic Imaging Market, 2009-2018 (USDmn % Change)
29
Dental Products Market Forecast
31
Capital Equipment
31
Instruments & Supplies
31
Table: Dental Products Market, 2008-2018 (USDmn)
31
Table: Dental Products Market, 2009-2018 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Fixation Devices
34
Artificial Joints
34
Other Artificial Body Parts
34
Table: Orthopaedics & Prosthetics Market, 2008-2018 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2009-2018 (USDmn % Change)
35
Patient Aids Market Forecast
37
Portable Aids
37
Therapeutic Appliances
37
Table: Patient Aids Market, 2008-2018 (USDmn)
37
Table: Patient Aids Market, 2009-2018 (USDmn % Change)
38
Other Medical Devices Market Forecast
40
Table: Other Medical Devices Market, 2008-2018 (USDmn)
40
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s)
46
Table: Medical Device Imports By Product Area, 2009-2013 (USD000s, % Change)
47
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s)
48
Table: Medical Device Imports By Product Area, 2009-2013 (Local Currency 000s, % Change)
49
Table: Top 20 Medical Device Suppliers, 2013 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2009-2013 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2013
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2013 (USD000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, January 2012-March 2015 (USDmn)
61
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s)
65
Table: Medical Device Exports By Product Area, 2009-2013 (USD000s, % Change)
66
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s)
67
Table: Medical Device Exports By Product Area, 2009-2013 (Local Currency 000s, % Change)
68
Table: Top 20 Medical Device Destinations, 2013 (USD000s)
70
Table: Detailed Medical Device Exports By Product Area, 2009-2013 (USD000s)
71
Table: Detailed Medical Device Export Trends By Product Area, 2013
74
Table: Detailed Leading Medical Device Destinations by Product Area, 2013 (USD000s)
77
Table: Detailed Medical Device Trade Balance, 2009-2013 (USD000s)
80
Monthly Medical Device Exports
84
Table: Monthly Medical Device Exports By Product Area, January 2012-March 2015 (USDmn)
84
Macroeconomic Forecasts
86
Economic Analysis
86
Table: Economic Activity (Thailand 2010-2019)
88
Industry Risk/Reward Index
89
Table: APAC Medical Device Risk/Reward Index, Q315
90
Market Overview
91
Medical Device Market Overview
91
Table: Medical Device Market, Key Ratios, 2013
92
Table: Medical Device Market By Product Area, 2013
92
Healthcare Overview
93
Health Status
93
Healthcare System
94
Healthcare Funding
99
Healthcare Resources
100
Table: Medical Device Technology By Type, 2010
101
Healthcare Personnel
101
Key Healthcare Data
101
Table: Key Healthcare Data, 2009-2014
101
Industry Trends And Developments
104
Industry Trends & Developments
104
Regulatory Development
108
Medical Devices Regulations
108
Competent Authority
108
Medical Device Regulations
108
Refurbished/Used Medical Devices
109
Medical Device Labelling
109
Asian Medical Device Directive (AMDD)
109
Competitive Landscape
111
Domestic Medical Device Production
111
Overview
111
Medical Device Production Zone
111
Research & Development
111
National Medical Device Manufacturers
112
Multinational Medical Device Manufacturers
114
Multinational Market Activity
115
Table: Multinational Market Activity, 2015
115
Medical Device Market Access
116
Distribution
116
Trade Association
117
Trade Fairs
117
Methodology
118
Forecast Methodology
118
Trade Code Classifications
119
Table: Used HS Trade Codes
119
Table: Rearranged HS Trade Codes
121
Risk/Reward Index Methodology
124
Table: Medical Devices Risk/Reward Index Indicators
125
Sources
127
Contact
128

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.

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