Thailand Medical Device Consulting

The medical device market in Thailand is worth more than $700 million. This is slightly larger than the medical device market in neighboring Malaysia. Demand for medical devices in Thailand is driven by medical facility upgrades and replacement of old medical devices/equipment in public and private hospitals. Armed with knowledge and experience, PBM’s Thailand medical device consultants have helped international companies with various Thai business and regulatory consulting services. We have assisted our medical device clients with product registration, component sourcing, setting up local manufacturing facilities and distributor searches in Thailand’s medical device market.

There are about 1,700 local Thai companies involved in selling medical devices. 80% of medical device manufacturers in Thailand are locally-owned. These local manufacturers mostly produce a limited range of low-tech medical devices. Other more sophisticated Thai medical device manufacturers produce diagnostic and laboratory reagents, radiation treatment apparatus as well as oscilloscopes and spectrum analyzers.

More than 60% of Thailand’s medical devices are imported. These imports are mainly from the US, which comprise 30% of Thailand’s imported medical devices. Medical devices in Thailand are mainly procured by public hospitals, which account for two thirds of medical device purchases in the country. With increasing government spending on healthcare infrastructure upgrades, there is significant sales potential for orthopedic devices, respiratory systems, rehabilitation equipment and diagnostic test kits. PBM’s Thailand medical device consultants can offer professional guidance and assistance to international companies who are keen to export their medical devices to this market.

On the regulatory front, Thailand’s medical device market is governed by the Medical Device Control Division of the Thai Food and Drug Administration. This regulatory body falls under the Ministry of Public Health in Thailand. The Medical Device Control Division is responsible for product approvals and licensing of medical devices in Thailand, as well as standards and quality control.

PBM’s Thailand medical device consultants are a team of dedicated professionals who work diligently to help our clients succeed in the Thai medical device market. For inquiries on PBM’s Thailand medical device consultant services, please contact us or view PBM’s publications to find out more about Thailand’s healthcare market.