Thailand’s healthcare expenditure has gradually increased to reach EUR 23.6 billion in 2016. The fast-growing and rapidly ageing population (elders above 60 are forecasted to grow to 22% in 2025), offers strategic opportunities to European companies working in Healthcare & Medical Technologies.
European companies looking expand in Thailand can also take advantage of the following trends:
- 85.2% of the medical device market in Thailand is supplied by imports.
- Thailand has established a Universal Coverage Scheme that provides free basic healthcare to 50 million Thais. This supports the demand for medical products.
- Thailand is one of the leading destinations for medical tourism with 1.2 million arrivals in 2014.
Interested? Read more about market opportunities, and if you are a European company active in the healthcare and medical sector, apply now to the upcoming EU Gateway | Business Avenues mission to Singapore and Thailand. This EU-funded initiative will support your company establishing long lasting business collaborations in South East Asia through coaching, logistic support and pre-arranged business meetings. This is the last call for application, deadline is 12 May 2017.