Thailand ENT Devices Market Analysis

Thailand ENT Devices Market Analysis

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Thailand's ENT Devices Market is projected to grow from $28 Mn in 2022 to $45 Mn by 2030, registering a CAGR of 6.1% during the forecast period of 2022-30. The rising prevalence of ENT disorders, such as hearing loss, sinusitis, and tonsillitis, is a major driver of the ENT device market. The market is highly competitive, with a large number of players operating in the space, ranging from small, specialized companies to large multinational corporations. The domestic key players in the Thailand ENT devices market include KMS Medical, 4C Medical Instrument, and Nitan Medical.

ID: IN10THMD009 CATEGORY: Medical Devices GEOGRAPHY: Thailand AUTHOR: Dr. Vishwa Modhia

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Thailand ENT Devices Market Analysis Summary

Thailand's ENT Devices Market is projected to grow from $28 Mn in 2022 to $45 Mn by 2030, registering a CAGR of 6.1% during the forecast period of 2022-30.

Thailand is an upper middle-income developing country located in Southeastern Asia bordering the Andaman Sea and the Gulf of Thailand. Thailand belongs to the Association of Southeast Asian Nations (ASEAN). Thailand had over 3 Mn medical tourists in 2019, generating over $700 Mn in income. Thailand's government spent 4.4% of its GDP on healthcare in 2020.

Thailand ENT Devices Market

Market Dynamics

Market Growth Drivers Analysis

Thailand's increased alignment with the ASEAN Medical Device Directive results in harmonised medical device laws that prioritise patient safety. Thailand has the most JCI-accredited hospitals in Asia, at 62. Thailand was placed fifth out of forty-six nations in the Medical Tourism Association's 2020-2021 Medical Tourism Index. Thailand's medical device market was estimated to be worth $3.7 Bn in 2020 and is likely to expand further in the future years. In Thailand, there are no reimbursement policies for medical devices, which may deter patients from obtaining treatment with ENT devices. Thailand is a renowned medical tourism destination, and there is an increasing demand for ENT treatments among medical tourists. These aspects could boost Thailand's ENT Devices Market.

Market restrains.

Prior to importing medical devices into Thailand, local importers or distributors must register them with the Thai FDA and provide information based on the Thai FDA's medical device categorization handbook. The process of registering a medical device can take between 200-300 days to complete. Thailand levies hefty import tariffs on medical devices, making it difficult for foreign companies to compete with domestic home companies. These factors may deter new entrants into the Thailand ENT Devices Market.

Competitive Landscape

Key Players

  • Nissan Medical Co., Ltd: This company produces a range of medical devices, including ENT instruments such as ear specula, nasal specula, and laryngoscopes
  • Otolaryngology Instruments (Thailand) Ltd: This company produces a variety of medical equipment and supplies, including ENT devices such as otoscopes, endoscopes, and laryngoscopes
  • 4C Medical Instrument Co., Ltd: This company produces medical devices, including ENT instruments such as suction tips, ear curettes, and biopsy forceps
  • KMS Medical Co., Ltd: This company produces a range of medical equipment and supplies, including ENT devices such as endoscopes, laryngoscopes, and otoscopes
  • Meditop Co., Ltd: This company produces a variety of medical devices and supplies, including ENT instruments such as nasal forceps, ear forceps, and scissors

Healthcare Policies and Reimbursement Scenarios

In Thailand, the regulatory oversight of medical devices, including ENT devices, is overseen by the Medical Device Control Division (MDCD) of the Thai Food and Drug Administration (TFDA). Foreign manufacturers must also appoint a local representative in Thailand to act as the importer of record and ensure compliance with local regulations. healthcare in Thailand is primarily provided through the government's Universal Coverage Scheme (UCS), which provides basic healthcare coverage to all Thai citizens.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

ENT Device Market Segmentation

The ENT Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

  • Diagnostic Devices
  • Surgical Devices
  • Hearing Aids
  • Hearing Implants
  • Co2 Lasers
  • Image-Guided Surgery Systems

By Diagnostic Devices (Revenue, USD Billion):

  • Endocsopes
  • Hearing Screening Devices

By Surgical Device (Revenue, USD Billion):

  • Powered Surgical Instruments
  • Radiofrequency (RF) Handpieces
  • Handheld Instruments
  • Balloon Sinus Dilation Devices
  • ENT Supplies
  • Ear Tubes
  • Voice Prosthesis Devices

By End Users (Revenue, USD Billion):

  • Hospitals and Ambulatory Settings
  • Home Use
  • ENT Clinics

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 09 February 2024
Updated by: Dhruv Joshi

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