The medical device market in Thailand has experienced fluctuations recently, with revenue reaching **** billion U.S. dollars in 2023. This represents a slight increase from the previous year but remains below pre-pandemic levels. The industry's resilience is evident in its ability to rebound despite global economic challenges.
In 2023, it was estimated that Thailand would export around **** billion U.S. dollars worth of medical devices. The total market size of medical devices in the country was also estimated to reach approximately *** billion U.S. dollars in that year.
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The report Covers Thailand Medical Device Market Research, Market Growth, Market Revenue, Market Challenges, Thailand Medical Devices Market Opportunities.
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In Thailand Medical Device Packaging Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.
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In Thailand Portable Medical Devices Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.
As of August 2024, the production volume of medical devices in Thailand, excluding optical lenses and infusion or transfusion sets, amounted to around **** million pieces. In the same period, approximately **** million pieces of such medical devices were sold domestically and internationally. The production scene for medical devices in Thailand The majority of medical devices manufactured in Thailand are basic products that do not require complex technology. Raw materials found in the domestic market, such as plastic and rubber, are the main components. As of August 2024, infusion or transfusion sets for blood work and saline solutions were the most produced medical supply in Thailand, amounting to over 100 million sets. Leading medical device distributors in Thailand In Thailand, large-sized medical device distributors hold most of the market share based on revenue. They accounted for over ** percent of Thailand's total medical device market. Medical device distributors usually face stiff competition regarding pricing, especially when selling to hospitals. One of the leading Thai medical device distributors, Techno Medical PCL, generated almost *** million Thai baht in 2023.
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Market Size, Revenue, Share, Major Players, Segmentation, and Future Outlook Across Key Sectors Base Year : 2024
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In Thailand Automation Sensors Market, was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029, registering a Compound Annual Growth Rate (CAGR) of 8.65% during the forecast period.
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Thailand Medical Equipment Maintenance Market is driven by increasing healthcare investments and the rising adoption of maintenance services across various segments.
In the second quarter of 2024, the share of Thailand's medical device exports to the United States was ** percent. This was followed by exports to Japan, which stood at ** percent. Most of the manufacturers and exporters in Thailand are foreign-owned companies that export the products back to their home countries.
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In Thailand Self-Care Medical Devices Market is driven by the demand for convenient, accessible, and affordable healthcare solutions, especially for managing chronic conditions
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In 2024, the Thai medical instruments market increased by 2.6% to $6B, rising for the fourth consecutive year after four years of decline. Overall, consumption saw strong growth. Medical instruments consumption peaked in 2024 and is likely to see gradual growth in years to come.
Comprehensive dataset of 5 Medical equipment manufacturers in Chiang Mai, Thailand as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
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In Thailand Medical Device Contract Manufacturing Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,
In the second quarter of 2024, the United States was the largest importer of medical devices to Thailand, accounting for ** percent among other countries. In the same year, the United States was also Thailand's key export market for medical devices.
In 2022, Hoya Lens (Thailand) was the leading medical device manufacturer in Thailand, with a revenue of approximately ***** billion Thai baht. This was followed by Niporo (Thailand) with a revenue of over eight billion Thai baht.
Comprehensive dataset of 3 Medical equipment suppliers in Surin, Thailand as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.
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The adoption of medical device packaging in Southeast Asia is expected to grow at a CAGR of 5.6%. The medical device packaging space is projected to increase from US$ 2,022 million in 2023 to US$ 3,477 million by 2033. Southeast Asia's medical device packaging sales were valued at US$ 1,911 million in 2022, and are anticipated to exhibit Y-o-Y growth of 5.6% in 2023.
Attributes | Key Insights |
---|---|
Southeast Asia Medical Device Packaging Sales (2022A) | US$ 1,911 million |
Southeast Asia Medical Device Packaging Sales (2023E) | US$ 2,022 million |
Projected Southeast Asia Medical Device Packaging Revenue (2033F) | US$ 3,477 million |
Value-based CAGR (2023 to 2033) | 5.6% |
Country wise Insight
Countries | Market Value (2033) |
---|---|
Indonesia | US$ 507.9 million |
Malaysia | US$ 746 million |
Philippines | US$ 413.5 million |
Singapore | US$ 318 million |
Thailand | US$ 429.2 million |
Vietnam | US$ 424.9 million |
Countries | Value CAGR |
---|---|
Indonesia | 3.7% |
Malaysia | 4.5% |
Philippines | 5.6% |
Singapore | 6.3% |
Thailand | 6.6% |
Vietnam | 8.0% |
Category-wise Insights
Category | Forecast CAGR (2023 to 2033) |
---|---|
Bags and Pouches (Packaging Format) | 4.7% |
Disposable Medical Supplies (Application Type) | 5.8% |
Scope of Report
Attribute | Details |
---|---|
Estimated Southeast Asia Medical Device Packaging Size (2023) | US$ 2,022 million |
Projected Southeast Asia Medical Device Packaging Valuation (2033) | US$ 3,477 million |
Value-based CAGR (2023 to 2033) | 5.6% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ Million, Volume in Tonnes, and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
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Key Companies Profiled |
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In Thailand M-Health Device Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.
The medical device market in Thailand has experienced fluctuations recently, with revenue reaching **** billion U.S. dollars in 2023. This represents a slight increase from the previous year but remains below pre-pandemic levels. The industry's resilience is evident in its ability to rebound despite global economic challenges.