Thailand Drug Device Combination Products Market Size & Outlook
Thailand drug device combination products market, 2018-2030 (US$M)
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Thailand drug device combination products market highlights
- The Thailand drug device combination products market generated a revenue of USD 1,505.3 million in 2023 and is expected to reach USD 2,316.2 million by 2030.
- The Thailand market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, transdermal patches was the largest revenue generating product in 2023.
- Infusion Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
Drug device combination products market data book summary
| Market revenue in 2023 | USD 1,505.3 million |
| Market revenue in 2030 | USD 2,316.2 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Transdermal patches |
| Fastest growing segment | Infusion Pumps |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photodynamic Therapy Devices, Transdermal Patches, Wound Care Products, Infusion Pumps, Orthopedic Combination Products, Drug Eluting Stents, Inhalers, Antimicrobial Catheters |
| Key market players worldwide | Abbott Laboratories, Terumo Corp, Stryker Corp, Viatris Inc, Medtronic PLC, Boston Scientific Corp, Novartis AG ADR, Becton Dickinson & Co, Teleflex Inc, W L Gore & Associates |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.1% of the global drug device combination products market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China drug device combination products market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 16,994.4 million by 2030.
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Drug Device Combination Products Market Scope
Drug Device Combination Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand drug device combination products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to drug device combination products market will help companies and investors design strategic landscapes.
Transdermal patches was the largest segment with a revenue share of 23.09% in 2023. Horizon Databook has segmented the Thailand drug device combination products market based on photodynamic therapy devices, transdermal patches, wound care products, infusion pumps, orthopedic combination products, drug eluting stents, inhalers, antimicrobial catheters covering the revenue growth of each sub-segment from 2018 to 2030.
Government support for the life sciences sector in Thailand often involves funding initiatives, grants, and collaborations with academic & research institutions. These efforts aim to promote scientific advancements and technological innovation. Moreover, technological advancements and the growing awareness among healthcare professionals & patients about the advantages of drug-device combination products are expected to boost the market in the country.
In addition, Thailand offers high-quality medical care at affordable costs and advanced healthcare services for drug device combination products. The country has extensively skilled physicians and proper medical professionals to provide comprehensive support. Moreover, advanced healthcare has boosted the demand for drug-device combination products in the country.
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Our clientele includes a mix of drug device combination products market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand drug device combination products market , including forecasts for subscribers. This country databook contains high-level insights into Thailand drug device combination products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand drug device combination products market size, by product, 2018-2030 (US$M)
Thailand Drug Device Combination Products Market Outlook Share, 2023 & 2030 (US$M)
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