Thailand Medical Device Market is all set to grow with double-digit CAGR from 2021 to 2026F, with import contributing the highest revenue share – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 1. Thailand’s medical devices market is one of the most well-known and well-established sectors in ASEAN countries which grew at a CAGR of 9.0% in 2021. To Know More about this report, download a Free Sample Report The medical device market in Thailand has witnessed a good amount of growth during the past few years. This have been made possible because of the rising population rate, changing epidemiology, a growing medical tourism industry, healthcare infrastructure developments, and expanding health insurance. Moreover, Thailand’s increasing budget allocation for the healthcare sector and ongoing healthcare development projects has played a pivotal role in its continued growth. In addition to this, rising demand for more sophisticated and modern medical products, an increase in ageing population, and deaths in the country have created the demand for medical devices in Thailand. 2. Thailand Medical Devices Market is a highly price-sensitive and import-dependent market. Imports accounted for the majority of the revenue share in the Thailand Medical Device Market in 2021. The imports majorly includes more sophisticated medical and surgical instruments and infrastructure. Around $2700 Mn value of medical devices imported from the United States, Ireland, Germany, China, Japan, South Korea, Malaysia, Vietnam, and other parts of the world. Combining the United States, Germany, and China, the three countries make up more than 40% of all medical devices imported into Thailand. The United States is the biggest manufacturer of medical devices and records the largest sales revenue from such product exports. 3. In the next few years, the overall market is expected to grow with a 10% CAGR, the import will still dominate the segment but the contribution of local production segment is expected to rise. Visit this link Request for Custom Report The Thailand medical devices market is expected to expand with a double-digit CAGR during 2022-2026F. The creation of a world-class healthcare sector is a top priority for Thailand and the healthcare sector is expected to advance and expand significantly in the next few years which will support the growth of the Medical Device Market in the country. Further, the contribution of local manufacturers to the total revenue of the medical device sector will surge in the near future in Thailand. However, imports will continue to dominate the market by contributing the majority of the market revenues. 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