The Medical Device Market: Thailand

Published : April 2013
No. of Pages : 74

Price:

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 12.3% per annum in the medium term.

In 2012, the Thai market for medical equipment and supplies is estimated at US$1,071.3 million, equal to US$15.6 per capita. Overall market size is similar to Israel and Finland, while in per capita terms the market is more akin to Argentina and Colombia.

Market growth is tied to the strength of the United States economy and the performance of the local currency against the dollar. After a period of slow recovery, imports surpassed the pre-late 90s economic crash for the first time in 2004 and has grown strongly since then, all while the country has continued to maintain a steady positive balance of trade.

Recent events suggest that political turmoil could be reignited with growing tensions between the current government and anti-Thaksin groups seeking to topple the prime minister. In January 2013, Puea Thai Party leaders agreed to delay plans to amend the constitution, amid mounting concerns that attempts to do so could risk reigniting political protests. The decision came following discussions held by the party leaders, during which members debated on how to proceed with the charter amendment.

Based on the latest yearly data, imports for full year 2011 rose sharply by 23.0% to reach a new high of US$822.5 million. All categories posted double-digit growth rates except patient aids, which still posted a rise of 5.7% over the previous year. The largest category, diagnostic imaging, grew by 18.7% over the previous year to reach US$245.6 million. Latest collated monthly data show that annual imports grew by 19.9% to reach US$971.7 million in November 2012, compared to the previous corresponding period total of US$810.4 million in November 2011.

Table Of Contents

Executive Summary 1

Key Back ground Data 4
Geographic 4
Political 4
Economic 5
Healthcare System 5
Central Administration 5
Government Pharmaceutical Organisation 6
Health System Research Institute 6
Regional/Provincial Administration 6
Other Health Providers 6
Private Sector 6
The Private Hospital Association of Thailand 7
Bangkok Mediplex 7
Health Expenditure 7

Market Developments 9
Cabinet Approves Budget for Purchase of 3,400 Medical Devices 9
Imports Cruising to 20% Growth Rate for 2012 9
Exports fall by 1.6% to August 2012 9
Government Brings Back THB30 Payment 9

Medical Market Analysis 10
The Market in 2012 11
Past Performance 2007-11 12
Future Performance 2012-17 13
The Thai Market for Consumables 20
The Thai Market for Diagnostic Imaging 22
The Thai Market for Dental Products 25
The Thai Market for Orthopaedic & Prosthetic Products 27
The Thai Market for Patient Aids 29
The Thai Market for Other Medical Devices 31

Annual Imports 34
Consumables 35
Diagnostic Imaging 35
Dental Products 35
Orthopaedic & Prosthetic Products 35
Patient Aids 35

Monthly Imports 50

Annual Exports 51
Consumables 52
Diagnostic Imaging 52
Dental Products 52
Orthopaedic Products 52
Patient Aids 52

Monthly Exports 67

Domestic Production 68

Domestic Manufacturing 69
Local Manufacturers 69
Infus Medical 69
Medical Device Manufacturer (MDM) 69
W.A. Rubbermate Co. Ltd 69
Thai Rubber Latex Corporation (Thaitex) 69
Bever Medical Industry Co. Ltd. 69
M.R.I. Co. Ltd 69
Shun Thai Rubber Gloves 69
Siam Sempermed Corporation 69

Multinational Activity 70

Accessing the Market 71
Distribution 71
Thai Medical Device Suppliers Association (THAIMED) 71

Medical Device Regulations 72
Thai Medical Device Suppliers Association (THAIMED) 72
Methodology 73
Sources 73
Need more information? 73

List Of Tables

SWOT Analysis of the Thailand Medical Device Market, 2013 3
Summary of Key Data Projections, 2013-18 5
Summary of Key Data, 2006-12 8
Thai Medical Device Market, Key Ratios, 2012 10
Thai Medical Device Market by Category, 2012 11
Projected Medical Device Market, 2012-17 13
The Thai Medical Device Market, 2007-17 (US$ millions) 15
The Thai Medical Device Market, 2007-17 (US$ per capita) 16
The Thai Medical Device Market, 2007-17 (% of Total) 17
The Thai Medical Device Market, 2007-17 (% Change) 19
The Thai Consumables Market, 2007-17 (US$ millions) 20
The Thai Consumables Market, 2007-17 (US$ Per Capita) 21
The Thai Consumables Market, 2007-17 (% Change) 21
The Thai Diagnostic Imaging Market, 2007-17 (US$ millions) 22
The Thai Diagnostic Imaging Market, 2007-17 (US$ Per Capita) 23
The Thai Diagnostic Imaging Market, 2007-17 (% Change) 23
The Thai Dental Products Market, 2007-17 (US$ millions) 25
The Thai Dental Products Market, 2007-17 (US$ Per Capita) 25
The Thai Dental Products Market, 2007-17 (% Change) 26
The Thai Orthopaedic & Prosthetic Products Market, 2007-17 (US$ millions) 27
The Thai Orthopaedic & Prosthetic Products Market, 2007-17 (% Change) 28
The Thai Patient Aids Market, 2007-17 (US$ millions) 29
The Thai Patient Aids Market, 2007-17 (US$ Per Capita) 30
The Thai Patient Aids Market, 2007-17 (% Change) 30
The Thai Other Medical Devices Market, 2007-17 (US$ millions) 31
The Thai Other Medical Devices Market, 2007-17 (US$ Per Capita) 32
The Thai Other Medical Devices Market, 2007-17 (% Change) 32
Summary Medical Imports by Product Area, 2007-11 (US$ 000's) 36
Summary Medical Imports by Product Area, 2007-11 (US$ 000's % Change) 36
Summary Medical Imports by Product Area, 2007-11 (Baht 000's) 37
Summary Medical Imports by Product Area, 2007-11 (% of Total) 38
Leading Medical Equipment Suppliers by Product Area, 2011 (US$000s) 40
Top 20 Suppliers to the Thai Market, 2011 (US$ 000's) 41
Detailed Imports of Medical Equipment, 2007-11 (US$ 000s) 42
Detailed Imports of Medical Equipment, 2007-2011 (Growth Trends) 44
Detailed Imports, Leading Suppliers, 2011 (US$ 000's) 47
Monthly Imports of Medical Equipment (US$ Millions) 50
Summary Medical Exports by Product Area, 2007-11 (US$000s) 52
Summary Medical Exports by Product Area, 2007-11 (US$000s % Change) 53
Summary Medical Exports by Product Area, 2007-11 (Baht 000s) 53
Summary Medical Exports by Product Area, 2007-11 (Baht % Change) 54
Summary Medical Exports by Product Area, 2007-11 (% of Total) 55
Leading Medical Equipment Destinations by Product Area, 2011 (US$000s) 56
Top 20 Destinations for Thai Exports, 2011 (US$000s) 57
Detailed Exports of Medical Equipment, 2007-11 (US$000s) 57
Detailed Exports of Medical Equipment, 2007-2011 (Growth Trends) 60
Detailed Exports, Leading Destinations, 2011 (US$000s) 62
Balance of Medical Trade, 2007-2011 (US$000s) 65
Monthly Exports of Medical Equipment (US$ Millions) 67

List Of Charts

Espicom Analysis of the Thailand Medical Market, 2013 2
Thai Medical Device Market by Category, 2012 (%) 11
Change in the Thai Medical Device Market, 2007-17 (%) 12
CAGR of the Thai Medical Device Market by Product Area, 2007-11 (%) 13
Market Projections, 2012-17 (US$ millions) 14
Projected CAGR of Medical Device Market by Product Area, 2012-17 (%) 14
The Thai Market for Consumables, 2007-17 (US$ millions) 21
The Thai Market for Consumables, 2007-17 (CAGR) 22
The Thai Market for Diagnostic Imaging, 2007-17 (US$ millions) 24
The Thai Market for Diagnostic Imaging, 2007-17 (CAGR) 24
The Thai Market for Dental Products, 2007-17 (US$ millions) 26
The Thai Market for Dental Products, 2007-17 (CAGR) 27
The Thai Market for Orthopaedic & Prosthetic Products, 2007-17 (US$ millions) 28
The Thai Market for Orthopaedic & Prosthetic Products, 2007-17 (CAGR) 29
The Thai Market for Patient Aids, 2007-17 (US$ millions) 30
The Thai Market for Patient Aids, 2007-17 (CAGR) 31
The Thai Market for Other Medical Devices, 2007-17 (US$ millions) 32
The Thai Market for Other Medical Devices, 2007-17 (CAGR) 33
Imports of Medical Equipment & Supplies, 1991-2011 (US$ 000's) 34
Change in Imports of Medical Equipment & Supplies, 1992-2011 (%) 34
Summary Medical Imports by Product Area, 2007-11 (Baht % Change) 37
CAGR of Medical Imports by Product Area, 2007-11 (%) 38
Medical Equipment Imports by Product Area, 2011 (%) 39
Leading Medical Equipment Suppliers, 2011 (%) 40
Exports of Medical Equipment & Supplies, 2002-2011 (US$000s) 51
Change in Exports of Medical Equipment & Supplies, 2003-2009 (%) 51
CAGR of Medical Exports by Product Area, 2007-11 (%) 54
Medical Equipment Exports by Product Area, 2011 (%) 55
Leading Medical Equipment Destinations, 2011 (%) 56

The Medical Device Market: Thailand

Published By: Espicom Limited

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