Thailand's Medical Device Import Market Poised for Transformation Due to Aesthetics Demand in 2024
Thailand's Medical Device Import Market: A 2024 Overview
Thailand's medical device import market is on the verge of a transformation as projected for the year 2024. The anticipated market is valued at approximately $3.29 billion, showcasing a remarkable shift driven by the resurgence of demand in the aesthetics industry and elder care services in the post-pandemic landscape. This trend is evident from the latest research conducted by Pure Global, which provides a comprehensive analysis of the evolution and key dynamics influencing this rapidly growing market.
Market Dynamics and Key Suppliers
The study outlines a competitive ecosystem for medical devices in Thailand, with Greater China leading the market as the primary supplier, boasting an import value of $639 million and capturing 19.43% of the market share. Other notable suppliers include the United States and Germany, contributing $594 million (18.07%) and $339 million (10.32%), respectively. Interestingly, South Korea also experienced significant fluctuations in its export value due to the changes in global demand for COVID-19 test kits. After soaring 287.6% in 2021, South Korea's imports fell sharply by 51.8% in 2022.
A Surge in Aesthetic Procedures
One of the most notable sectors is that of General Plastic Surgery, expected to reach $883 million by 2024, up from $624 million in 2021. Thailand is renowned for its cosmetic procedures, attracting a significant influx of medical tourists—around 60% of whom travel for aesthetic treatments. This demand is a clear indication of the growing inclination towards aesthetic enhancements, establishing Thailand as a major hub for such services.
Growing Demand in Orthopedics
The Orthopedic sector is also seeing considerable growth, climbing from $150 million in 2021 to $233 million in 2024. This trend illustrates the increasing necessity for joint replacements and related treatments, primarily spurred by an aging population. As Thailand is projected to become a **
Topics Health）
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