Thailand Orthopedic Implants Market Size & Outlook
Thailand orthopedic implants market, 2018-2030 (US$M)
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Thailand orthopedic implants market highlights
- The Thailand orthopedic implants market generated a revenue of USD 394.4 million in 2023 and is expected to reach USD 586.7 million by 2030.
- The Thailand market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, lower extremity implants was the largest revenue generating product in 2023.
- Dental is the most lucrative product segment registering the fastest growth during the forecast period.
Orthopedic implants market data book summary
| Market revenue in 2023 | USD 394.4 million |
| Market revenue in 2030 | USD 586.7 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Lower extremity implants |
| Fastest growing segment | Dental |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lower Extremity Implants, Spinal Implants, Dental, Upper Extremity Implants |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Stryker Corp, Zimmer Biomet Holdings Inc, Smith & Nephew PLC, NuVasive, Globus Medical Inc Class A, Arthrex, Enovis Corp, MicroPort Scientific Corp, ConforMIS, Exactech, Invibio, B. Braun, Acumed, Alphatec Holdings Inc, Integra Lifesciences Holdings Corp, Corin Group, Medacta Group SA Ordinary Shares, OrthoPediatrics Corp, Orthofix Medical Inc, FH Orthopedics, Enovis |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.5% of the global orthopedic implants market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China orthopedic implants market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,256.3 million by 2030.
Lower extremity implants was the largest segment with a revenue share of 53.25% in 2023. Horizon Databook has segmented the Thailand orthopedic implants market based on lower extremity implants, spinal implants, dental, upper extremity implants covering the revenue growth of each sub-segment from 2018 to 2030.
Various key factors drive the orthopedic implants market in Thailand. The increasing prevalence of orthopedic conditions, including osteoarthritis and fractures, is a significant driver of the demand for orthopedic implants in the country.
The rising geriatric population, with a higher susceptibility to musculoskeletal disorders, also contributes to market growth. Moreover, technological advancements in implant materials and surgical techniques are crucial in driving the adoption of orthopedic implants in Thailand.
The growing number of sports-related injuries and road accidents that require orthopedic interventions further impels market growth. In addition, the availability of favorable reimbursement policies and government initiatives aimed at improving healthcare infrastructure.
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Orthopedic Implants Market Scope
Orthopedic Implants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand orthopedic implants market size, by product, 2018-2030 (US$M)
Thailand Orthopedic Implants Market Outlook Share, 2023 & 2030 (US$M)
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