Market Insights Health Medical Technology Medical Devices

Endoscopic Devices - Thailand

Thailand

Thailand's Endoscopic Devices market market is set to achieve a projected revenue of US$142.70m in 2024.
Looking ahead, this market is anticipated to witness a steady annual growth rate (CAGR 2024-2028) of 7.26%, leading to a market volume of US$188.90m by 2028.
In terms of global comparison, the United States is expected to generate the highest revenue, amounting to US$10,160.00m in 2024.
Thailand's demand for endoscopic devices in the medical technology market is rapidly growing due to its increasing healthcare infrastructure and medical tourism industry.

Key regions: Spain, China, Netherlands, France, Japan

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.