{"id":4238,"date":"2024-07-27T06:59:29","date_gmt":"2024-07-26T23:59:29","guid":{"rendered":"http:\/\/khabangkok.com\/en\/kha-bangkok-co-ltd\/kha-bangkok-healthcare-thailand\/?p=4238"},"modified":"2024-07-27T06:59:30","modified_gmt":"2024-07-26T23:59:30","slug":"thailands-medical-device-market-to-grow-at-cagr-6-9-to-2028","status":"publish","type":"post","link":"https:\/\/www.khabangkok.com\/en\/kha-bangkok-co-ltd\/kha-bangkok-healthcare-thailand\/thailands-medical-device-market-to-grow-at-cagr-6-9-to-2028\/","title":{"rendered":"THAILAND\u2019S MEDICAL DEVICE MARKET TO GROW AT CAGR 6.9% TO 2028"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Thanks to a double-digit growth in imports.<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Thailand\u2019s medical device market is projected to value $2.5b (THB97.6b) in 2028, reflecting a compound annual growth rate (CAGR) of 6.9% in local currency terms.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">According to BMI, the market\u2019s positive outlook is due to strong import growth from the past year.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">\u201cOur upward revision follows strong double-digit growth in Thailand\u2019s medical device imports in 2023,\u201d it said.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Moreover, the market\u2019s growth is attributed to the country\u2019s continued efforts to promote medical tourism and integrate digital health technologies in line with the Thailand 4.0 policy.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">Furthermore, the market will benefit from an anticipated acceleration in economic growth over the next few years due to stronger demand for exports from major trading partners.<\/p>\n\n\n\n<p class=\"has-text-align-justify wp-block-paragraph\">\u201cWe expect Thailand&#8217;s&nbsp;health expenditure&nbsp;as a share of GDP to rise to 5.2% by 2028, up from 4.7% in 2023, supporting investment in healthcare sector enhancements and the progress of healthcare initiatives,\u201d BMI added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thanks to a double-digit growth in imports. Thailand\u2019s medical device market is projected to value $2.5b (THB97.6b) in 2028, reflecting a compound annual growth rate (CAGR) of 6.9% in local currency terms. According to BMI, the market\u2019s positive outlook is due to strong import growth from the past year. \u201cOur upward revision follows strong double-digit [&#8230;]\n","protected":false},"author":2,"featured_media":4239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Thanks to a double-digit growth in imports. 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Thailand\u2019s medical device market is projected to value $2.5b (THB97.6b) in 2028, reflecting a compound annual growth rate (CAGR) of 6.9% in local currency terms. According to BMI, the market\u2019s positive outlook is due to strong import growth from the past year. \u201cOur upward revision follows strong double-digit","og:url":"https:\/\/www.khabangkok.com\/en\/kha-bangkok-co-ltd\/kha-bangkok-healthcare-thailand\/thailands-medical-device-market-to-grow-at-cagr-6-9-to-2028\/","article:published_time":"2024-07-26T23:59:29+00:00","article:modified_time":"2024-07-26T23:59:30+00:00","twitter:card":"summary_large_image","twitter:title":"THAILAND\u2019S MEDICAL DEVICE MARKET TO GROW AT CAGR 6.9% TO 2028 - Healthcare Products Thailand","twitter:description":"Thanks to a double-digit growth in imports. Thailand\u2019s medical device market is projected to value $2.5b (THB97.6b) in 2028, reflecting a compound annual growth rate (CAGR) of 6.9% in local currency terms. 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