As of February 2024, the production volume of medical devices in Thailand, excluding optical lenses and infusion or transfusion sets, amounted to around 42.4 million pieces. In the same period, approximately 43.96 million pieces of such medical devices were sold domestically and internationally.
The production scene of medical devices in Thailand
The majority of medical devices manufactured in Thailand are basic products that do not require complex technology. Raw materials found in the domestic market, such as plastic and rubber, are the main components. As of February 2024, infusion or transfusion sets for blood work and saline solutions were the most produced medical supply in Thailand, amounting to over 92 million sets.
Leading medical device distributors in Thailand
In Thailand, large-sized medical device distributors hold most of the market share based on revenue. They accounted for over 78 percent of Thailand's total medical device market. Medical device distributors usually face stiff competition regarding pricing, especially when selling to hospitals. One of the leading Thai medical device distributors, Techno Medical PCL, generated over 401.4 million Thai baht and yielded about 33.6 million Thai baht as net profit in the first half of 2023.
Monthly production volume of medical devices in Thailand from June 2021 to February 2024
(in million pieces)
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Office of Industrial Economics (Thailand). (April 5, 2024). Monthly production volume of medical devices in Thailand from June 2021 to February 2024 (in million pieces) [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/statistics/1239330/thailand-medical-products-monthly-production-volume/
Office of Industrial Economics (Thailand). "Monthly production volume of medical devices in Thailand from June 2021 to February 2024 (in million pieces)." Chart. April 5, 2024. Statista. Accessed September 20, 2024. https://www.statista.com/statistics/1239330/thailand-medical-products-monthly-production-volume/
Office of Industrial Economics (Thailand). (2024). Monthly production volume of medical devices in Thailand from June 2021 to February 2024 (in million pieces). Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/statistics/1239330/thailand-medical-products-monthly-production-volume/
Office of Industrial Economics (Thailand). "Monthly Production Volume of Medical Devices in Thailand from June 2021 to February 2024 (in Million Pieces)." Statista, Statista Inc., 5 Apr 2024, https://www.statista.com/statistics/1239330/thailand-medical-products-monthly-production-volume/
Office of Industrial Economics (Thailand), Monthly production volume of medical devices in Thailand from June 2021 to February 2024 (in million pieces) Statista, https://www.statista.com/statistics/1239330/thailand-medical-products-monthly-production-volume/ (last visited September 20, 2024)
Monthly production volume of medical devices in Thailand from June 2021 to February 2024 (in million pieces) [Graph], Office of Industrial Economics (Thailand), April 5, 2024. [Online]. Available: https://www.statista.com/statistics/1239330/thailand-medical-products-monthly-production-volume/