Thailand’s medical technology market is the largest in South-East Asia with sales of US$1.7 billion in 2019, according to Fitch Solutions. Thailand has developed into an ASEAN medical hub with an established infrastructure such as industrial parks, utilities, and logistics systems.
The growth of the Thai medical technology sector is remaining steadily high, due to rising cases in communicable and non-communicable diseases (NCDs); the Covid-19 pandemic; the increase in Thailand’s ageing population; the rebound of foreign patients seeking treatment in Thai hospitals, and the support from the Thai government for medical and comprehensive healthcare as well as high-value and medical tourism as part of the 12 targeted industries. The growing Thai medical technology sector is offering huge business opportunities to German companies.
