September 16, 2022 04:58 ET | Source: Research and Markets Research and Markets

Dublin, Sept. 16, 2022 (GLOBE NEWSWIRE) -- The "Thailand Medical Device Market Outlook to 2026F" report has been added to ResearchAndMarkets.com's offering.

The Thailand medical device market is expected to grow at a double digit CAGR from 2021-2026F, with imports contributing majority of the market revenues.

The creation of a world-class healthcare sector is a top priority for the Thailand and the healthcare sector is expected to advance and expand significantly in the next few years which will support the growth of Medical Device Market in the country.

Aging population along with increase in number of hospitals and clinics, increase in total healthcare expenditure by the government and increase in medical tourism in the country are going to impact the demand for medical devices in the positive manner.

Thailand Medical Device Market Overview and Size:

Thailand recorded the 5.0% population growth rate over the last 7 years, with highest population concentrated in Bangkok. Majority of the healthcare facilities are concentrated in Bangkok and other central regions of the Thailand. The country has a comprehensive, government-funded health service and a rapidly developing private health sector, which is one of the major pillar of the industry.

Universal Coverage Card is the most used insurance in Thailand. Social Security (SSS) is followed by Civil Servant Medical Benefit Scheme (CSMBS). Private insurance contributed 7.33% to the total insurances in Thailand. Diabetes and lung cancer causes most death in Indonesia.

Competitive Landscape in the Thailand Medical Devices Market:

The competition scenario in Thailand medical devices market is highly concentrated for Orthopedic Product and Diagnostics imaging market and moderately concentrated due to the presence of large number of international companies and local distributors leading to dilution of market share.

The international companies distribute their products through authorized distributors located across the country. GE, Siemens, Philips, Canon and Fujifilm are the major companies operating in the Thailand Medical Device market.

Meditop, Mind medical and R.X. Company are few top distributors in Thailand. The major competitive parameters include product portfolio, price, and after sales and warranty and technology

Thailand Medical Device Market Segmentation:

Regulatory Framework in Thailand Medical Device Market

Market Opportunity and Analyst Recommendation

Competitive Landscape in Thailand Medical Device Market

Time Period Captured in the Report:

By Type of Business Activity

By Type of Medical Consumable

By Type of Diagnostic Imaging Product

By Type of Cardiac Device

By Type of Respiratory Products

By Type of Hospital Furniture

By Type of Auxiliary Product

By Type of Dental and Orthopedic Products

For more information about this report visit https://www.researchandmarkets.com/r/1ra4kp