Market Insight: Healthcare & Medical Technologies in Thailand

Market Insight: Healthcare & Medical Technologies in Thailand

Healthcare & Medical Technologies in Thailand

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 [1].

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 [2], and if you are a European company active in the healthcare and medical sector, apply now [3] to the upcoming EU Gateway | Business Avenues [4] 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.

Source URL: https://www.eu-gateway.eu/news/market-insight-healthcare-medical-technologies-thailand

Links
[1] https://www.eu-gateway.eu/node/25
[2] https://www.eu-gateway.eu/sites/default/files/collections/document/file/market-opportunity-healthcare-and-medical-south-east-asia.pdf
[3] https://www.eu-gateway.eu/business-missions/missions-calendar/healthcare-medical-technologies-thailand-singapore
[4] https://www.eu-gateway.eu/