Thailand Neurology Devices Market Analysis

Thailand Neurology Devices Market Analysis

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Thailand's Neurology Devices Market size was valued at $xx Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of xx% from 2022-30 and will reach $xx Bn in 2030. The increasing prevalence of neurological disorders in Thailand has a significant impact on the demand for neurology devices. The market is segmented by product type and by the end user. Some key players in this market include Medtronic, Johnson and Johnson, Siemens, GE Healthcare, Philips Healthcare, and Boston Scientific.

ID: IN10THMD012 CATEGORY: Medical Devices GEOGRAPHY: Thailand AUTHOR: Jigyasu Bhandari

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Thailand Neurology Devices Market Executive Analysis

Thailand's Neurology Devices Market is at around $xx Bn in 2022 and is projected to reach $xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period. In Thailand, the total cost of healthcare is estimated to be $25.3 billion. By 2026, costs are anticipated to rise to $47.9 billion, representing a compound annual growth rate of 6.6% over the previous ten years. The cost of healthcare as a percentage of GDP is likewise high, at 6.6%. Due to the fast rise in demand for medical services and medications since Thailand's Universal Coverage Scheme was first implemented in 2002, the Thai government dedicates roughly 13.3% of its overall budget to public health care. The aging population of Thailand is another problem; by 2021, 20% of the country's people will be 60 or older. Thailand spent $296 per capita on healthcare in 2019. Thailand's health spending per capita increased from US$62 in 2000 to US$296 in 2019, expanding at an average annual rate of 8.83%.

In 2021, the incidence of stroke was 193 per 100,000 person-years, while the prevalence among people 45 and older was 1.9%. Parkinson's disease prevalence in Thailand is estimated to be around 83.8 per 100,000 people, whereas multiple sclerosis prevalence is estimated to be around 1.09 per 100,000 people, Accurate and prompt diagnosis of neurological illnesses, greater treatment outcomes, and superior patient care are all advantages of adopting neurology devices in Thailand. With the use of these tools, healthcare professionals can deliver more specialized and efficient therapies, lowering the overall toll that neurological illnesses have on sufferers as well as the healthcare system. In Thailand, neurology devices have a wide variety of uses, advantages, and applications. These tools are crucial for the detection and treatment of neurological illnesses, and they also significantly enhance the well-being and results of patients.

Market Dynamics

Market Growth Drivers

In Thailand, the elderly population is expanding, and this population is more likely to experience neurological diseases. This is boosting the market expansion for neurology devices. The increasing prevalence of neurological disorders in Thailand has a significant impact on the demand for neurology devices. Additionally, it is projected that the growing number of product launches and technological advancements in the field of pain management will increase demand for neurostimulation devices and promote market growth. In Thailand, the prevalence of neurological conditions such as multiple sclerosis, Parkinson's disease, epilepsy, and Alzheimer's disease is rising. Due to this, the need for neurology devices is rising.

Market Restraints

The market for neurology monitoring in Thailand is moderately competitive and home to many global and local companies. Due to the presence of virtually all significant worldwide companies in the neurology surveillance sector, the competition in the market has increased.

Competitive Landscape

Key Players

  • Medtronic
  • Siemens
  • Philips Healthcare
  • GE Healthcare
  • Boston Scientific
  • Stryker
  • Johnson and Johnson

Notable Recent Deals

January 2022: Global Health Solution, a Thai medical equipment distributor, and Ziehm Imaging, a German medical technology business, have partnered to offer Ziehm Imaging's line of neurology imaging devices.

May 2021: The US-based medical device manufacturer Natus Medical and the Thai company Synphaet Industries have a distribution arrangement for Natus Medical's neurology products in Thailand. EEG and EMG machines were among the items offered.

Healthcare Policies and Regulatory Landscape

Neurology devices are governed by a well-established healthcare policy and regulatory system in Thailand. The Medical Device Act of 2008 regulates the manufacturing, distribution, importation, and registration of neurology devices. The act stipulates that all medical devices must be registered with the Thai FDA before they can be sold in Thailand. The Medical Device Act must be upheld by the Thai FDA to maintain the security and efficiency of neurology devices there. Before any neurology devices are permitted for use in Thailand, the Thai FDA evaluates them for efficacy and safety.

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

Neurology Device Market Segmentation

The Neurology Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

  • Neurostimulation
  • Spinal Cord Stimulation Devices
  • Deep Brain Stimulation Devices
  • Sacral Nerve Stimulation
  • Vagus Nerve Stimulation
  • Gastric Electric Stimulation
  • Interventional Neurology
    • Aneurysm Coiling & Embolization
    • Embolic Coils
    • Flow Diversion Devices
    • Liquid Embolic Agents
    • Cerebral Balloon Angioplasty & Stenting
    • Carotid Artery Stents
    • Filter Devices
    • Balloon Occlusion Devices
    • Neurothrombectomy
    • Clot Retriever
    • Suction Aspiration Devices
    • Snares
  • CSF Management
    • CSF Shunts
    • CSF Drainage
  • Neurosurgery Devices
    • Ultrasonic Aspirators
    • Stereotactic Systems
    • Neuroendoscopes
    • Aneurysm Clips

By End User (Revenue, USD Billion):

  • Hospitals and Clinics
  • Specialty Centres
  • Others

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

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

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  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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

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