Thailand Blood Gas Analyzer and Cardiac Biomarker Market Outlook to 2025

Blood Gas Analyzer: By Device Type (Medium to High Workload and Single Test Analyzer), By Product (Device and Reagent), By Region

Region:Asia

Author(s):Nishtha Noonwal

Product Code:KR1039

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Published on

January 2021

Total pages

130

Table of Content

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About the Report

About the Report

e report titled “Thailand Blood Gas Analyzer and Cardiac Biomarker Market Outlook to 2025 – Blood Gas Analyzer: By Device Type (Medium to High Workload and Single Test Analyzer), By Product (Device and Reagent), By Regionprovides a comprehensive analysis on blood gas and cardiac biomarker analyzers market in Thailand. The report covers the overview and genesis of the industry, overall market size in terms of a number of devices installed, segmentation on the basis of product, device, regions& biomarkers type, trends & developments, issues &challenges, government regulations, value chain analysis, SWOT analysis, competitive scenario and company profiles of major players in both, BG and cardiac biomarker analyzer industry. The report concludes with future market projections and analyst recommendations highlighting the major opportunities and cautions for new and existing players in the market.

Thailand Blood Gas Analyzer and Cardiac Biomarker Marke
Market Overview and Size:
Thailand Blood Gas market in terms of the number of devices installed increased with a single-digit CAGR of ~% over the review period 2014-2019. The market was observed to be at a growth stage owing to the growing demand for medical tourism and supporting government policies under Thailand 4.0. The market is booming owing to the rising number of Acute Myocardial Infarction & Heart Failure patients coupled with the Improving healthcare system and Per Capita Health Expenditure of the country.

Thailand Cardiac Biomarker Market is currently positioned to be in the growth stage with the presence of over 15-20 players along with ~% CAGR in a number of devices installed during the period 2014-2019. The rising number of cases related to heart diseases, increasing elderly population, improving government health expenditure, and higher growth in the medical insurance sector are the major reasons behind positive growth in an increasing number of devices installed in the country.

Market Segmentation:

Thailand Blood Gas Analyzer Market:

By Type of Device(Medium to High Workload and Single Test Analyzer Device): Medium to high workload devices dominated the Blood Gas Analyzer market in 2019 as the majority of the hospitals in the country prefer these devices due to their capacity to conduct a higher number of tests and lower cost per test. On the other hand, single test analyzers are generally used by either small-sized hospitals or laboratories wherein a lesser number of tests are processed.

By Product (Reagents and Device): Thailand Cardiac Biomarker Market revenue was dominated by Reagents in 2019 as the majority of the devices in the country were placed on Rental model rather than making direct sales to the hospitals and laboratories.

By Region (Bangkok, Central Region, Northern Region, Southern Region &North Eastern Region): In terms of the number of device installations, the Bangkok region dominated the market in 2019, followed by Central Region due to the higher number of devices installed as a result of higher capacity. The higher number of total hospitals distributed in the Northeast region has enabled a high number of devices compared to the remaining four regions in the country.

Thailand Cardiac Biomarker Analyzer Market

By Product (Reagents and Device): The reagent rental model dominated the market in the year 2019 as they generally have a higher replacement rate. The cost of these devices is also very high due to which they are kept on the reagent rental model rather than making sales of these devices.

By Type of Device (Semi-Automated Small Portable System and Fully Automated High-End System): Cardiac BiomarkerMarket in terms of the number of devices installed was dominated by Semi-Automated Analyzers during 2019. The low cost of these devices along with their convenient sizes has led to the rapid growth of these types of devices in Thailand.

By Type of Cardiac Biomarker (Troponin, NT pro-BNP, CKMB, D-Dimer, and others): Troponin cardiac biomarker dominated the industry revenue in 2019 as it is highly preferable by the doctors in the country in determining myocardial damage and is measured with high specificity along with comparatively faster results. CKMB occupied the second biggest revenue market share as it is tested frequently for determining the prognosis of cardiac disease followed by NTproBNP which is also tested regularly to comprehend heart valve disease. Markers such as D-dimer, CRP, and Procalcitronin occupied the remaining share of the industry as these tests are too specific and have comparatively higher costs in Thailand.

Competitive Landscape of Thailand Market

Thailand Blood Gas analyzer industry is highly concentrated space with 15-20 players wherein more than ~% is captured by top 5 players in the country in terms of the number of devices installed. Major players in the market includeOPTI Medical, Siemens Healthcare, Abbott, Nova Biomedical, and Instrumentation Laboratory.

The Cardiac Biomarker Analyzer industry is also a concentrated space with a presence of ~15 players. Top 4 players in the country capture more than ~% share in the country. Major Players include Abbott, LSI Medien, Roche Diagnostics, Osang Healthcare, and Biomerieux. Players in both the markets compete on basis of device price, technology, cost per test, number of parameters, number of clients, branding, placement of devices, distributor, and product portfolio.

Thailand Blood Gas &Cardiac Biomarker Analyzer Market Future Outlook & Projections

The Blood Gas & Cardiac Biomarker Analyzer industry is expected to witness a single-digit CAGR in the forecasted period 2020-2025. Rapid growth in healthcare expenditure, future expansion & increasing number of hospitals, shift preferences towards automated systems for managing higher workload, adoption of high sensitivity prognostic and diagnostic markers, increasing elderly population, and rising prevalence of cardiovascular diseases are collectively expected to bring positive growth in the market in the coming years.

Key Topics Covered in the Report

  • Overview of Thailand Blood Gas and Cardiac Biomarker Analyzer Market
  • Thailand Blood Gas and Cardiac Biomarker Analyzer Market Value Chain Analysis
  • Thailand Blood Gas Analyzers& Cardiac Biomarker Market Size
  • Thailand Blood Gas and Cardiac Biomarker Analyzer Market Ecosystem
  • Thailand Blood Gas and Cardiac Biomarker Analyzer Market Segmentation
  • Government Role and Regulation in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
  • Trends and Developments in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
  • Issues and Challenges in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
  • Competitive Landscape in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
  • Market Share of Blood Gas & Cardiac Biomarker Players in Thailand basis Number of Devices Installed
  • Strength and Weakness of Major Players in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
  • End-User Perception in Thailand Blood Gas and Cardiac Biomarker Analyzer Market
  • SWOT Analysis Thailand Blood Gas and Cardiac Biomarker Analyzer Market
  • Thailand Blood Gas and Cardiac Biomarker Analyzer Market Future Projections, 2020P-2025F
  • Analysts’ Recommendations

Products

Products

Key Target Audience

  • Blood Gas Analyzer Manufacturers, Importers and Distributors
  • Cardiac Biomarker Manufacturers, Importers and Distributors
  • Government and Regulatory Bodies
  • Heart Hospitals & Research Institutions
  • Medical Device Consultant Firms
  • Industry Associations


Time Period Captured in the Report:-

  • Historical Period: 2014-2020
  • Forecast Period:2021-2025


Companies

Key Segments Covered

Blood Gas Analyzer Market:

By Type of Device (Number of Devices Installed)

  • Medium to High Workload Device
  • Single Test Analyzer Device

By Type of Product (Revenue)

  • Reagents
  • Device

By Region(Number of Devices Installed)

  • Bangkok
  • Central Region
  • Northern Region
  • North Eastern Region
  • Southern Region

Cardiac Biomarker Analyzer Market:

By Type of Product (Number of Devices Installed)

  • Reagent
  • Device

By Type of Device(Number of Devices Installed)

  • Semi-Automated Small Portable System
  • Fully-Automated High End System

By Type of Cardiac Biomarker (Revenue)

  • Troponin
  • CKMB
  • NTproBNP
  • Others

Companies Covered

Major Manufacturing Brands:

  • Nova Biomedical
  • Radiometer
  • Techno Medica
  • Roche Diagnostics
  • Abbott
  • Siemens
  • Wondfo
  • Osang Healthcare
  • i-Sens
  • Opti Medical
  • Werfen
  • Biomerieux
  • Sysmex
  • LSI Medience
  • Quidel
  • GP Getein

Distributors:

  • MP Group
  • NHealth
  • Connect Diagnostics
  • AEC Healthcare
  • SE Supply Group
  • Transmedic
  • PCN Healthcare
  • Meditop
  • MSS

Table of Contents

Table of Contents

1. Executive Summary

2. Thailand Healthcare System Overview

2.1 Thailand Healthcare Industry Overview

2.2 Healthcare Spending and Major Causes of Death

3. Thailand BG & Cardiac Biomarker Analyzer Market Supply3.1 Industry Cycle

3.2 Timeline of Major Distributors in Thailand Blood Gas & Cardiac Biomarker Analyzer Market

3.3 Value Chain Analysis in Thailand Blood Gas & Cardiac Biomarker Analyzer Market

3.4 Thailand Blood Gas & Cardiac Biomarker Procurement Funnel

3.5 Ecosystem of All Major Entities (Manufacturers & Distributors)

3.6 Understanding Addressable Opportunity in the Market

4.  Thailand Blood Gas Analyzer Market Size, 2014-2020P

4.1 Thailand Blood Gas Analyzer Market Size, By Number of Devices Installed, 2014-2020P

4.2 Market Segmentations: By Type of Product (Reagent and Device)

4.3 By Device Type (Medium to High Workload Device and Single Test Analyzer Device)

4.4 By Region (Bangkok, Central Region, Northeast Region, Southern Region, Western Region, Northern Region, Eastern Region)

5. Thailand Cardiac Biomarker Analyzer Market Size, 2014-2020P

5.1 Thailand Cardiac Biomarker Market Size, By Number of Devices Installed, 2014-2020P

5.2 Market Segmentations: By Type of Product (Reagent and Device)

5.3 By Device Type (Fully Automated High End Systems and Semi-Automated Small Portable Systems)

5.4 By Type of Cardiac Bio-Marker (Troponin, CKMB, NTproBNP, D-Dimer and Others)

6. Import and Export Scenario of Thailand Cardiac Biomarker & Blood Gas Analyzer Market

7. Competitive Landscape for Thailand Cardiac Biomarker & Blood Gas Analyzer Market

7.1 Overall Competition Scenario for Major Brands in Thailand Blood Gas & Cardiac Biomarker Market

7.2 Market Share of Major Players Operating in Thailand BG & Cardiac Biomarker Analyzer

7.3 Strengths & Weakness of Players in Thailand BG & Cardiac Biomarker Market

7.4Heat Map Analysis of Major Players in BG and Cardiac Biomarker basis Product Portfolio

7.5 Business Landscape of Blood Gas Analyzers & Cardiac Biomarker Brands in Thailand (Business Segment, Type of Device, Presence in Thailand, Distributors, USP)

7.6 Operating Landscape of Blood Gas Analyzers & Cardiac Biomarker Brands in Thailand (Sales Volume, Cost Per Test, Average Device Cost, Product Portfolio, Major End Users)

7.7 Business & Operating Landscape of Distributors in Thailand Cardiac Biomarker & Blood Gas Analyzer Market  (Number of BG Installed, Number of Cardiac Biomarker Installed, Number of Parameters, Type of Parameters, Average Price of Device, Average Cost per Test)

7.8 Financial Landscape of Distributors in Thailand Cardiac Biomarker & Blood Gas Analyzer Market  (Revenue, Net Profit/Loss, Sales & Service Expenses, Total Expenditure, Operating Return on Total Income, Debt to Equity Ratio)

7.9 Company Profile of Major Players in Thailand Blood Gas & Cardiac Biomarker Market (Brands: Siemens, i-sens, OPTI-Medical, Werfen, Sysmex, Nova Biomedical, Roche, Biomerieux; Distributors: MP Group, Transmedic, Connect Diagnostics, PCN Healthcare, Meditop, S.E. Supply Group, Z-medic)

8. Industry Analysis

8.1 Government Regulations in Thailand Blood Gas & Cardiac Biomarkers Analyzer Market

8.2 Future Regulations in Thailand Blood Gas & Cardiac Biomarkers Analyzer Market

8.3 SWOT Analysis in Thailand Blood Gas & Cardiac Biomarkers Analyzer Market

8.4 Trends & Developments in Thailand Blood Gas & Cardiac Biomarkers Analyzer Market

8.5 Issues & Challenges in Thailand Blood Gas & Cardiac Biomarkers Analyzer Market

9. End User Perception

9.5 Major Parameters Affecting Decisions of End Users

10.Thailand Blood Gas and Cardiac Biomarker Analyzer Market Future Outlook, 2025F

10.1 COVID Impact on Healthcare System in Thailand

10.2 Thailand Blood Gas Analyzer Market Future Outlook (Devices Installed), 2020P-2025F

10.3 Future Market Segmentations: By Type of Product (Reagent and Device), 2025F

10.4 By Device Type (Medium to High Workload Device and Single Test Analyzer Device), 2025F

10.5 Thailand Cardiac Biomarker Analyzer Market Future Outlook (Devices Installed), 2020P-2025F

10.6 Future Market Segmentations: By Type of Product (Reagent and Device), 2025F

10.7 By Device Type (Fully Automated High End Systems and Semi-Automated Small Portable Systems)

10.8 By Type of Cardiac Bio-Marker (Troponin, CKMB, NTproBNP, D-Dimer and Others)

11. Analyst Recommendations

11.1 Go-to-Market Strategy Recommendations

12. Research Methodology and Appendix

12.1 Thailand Healthcare System Overview (Part-2) -Data on Medical Tourism, Health Insurance, Diseases Prevalence etc.

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