Thailand Portable Medical Devices Market Size & Outlook
Thailand portable medical devices market, 2018-2030 (US$M)
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Thailand portable medical devices market highlights
- The Thailand portable medical devices market generated a revenue of USD 1,116.7 million in 2023 and is expected to reach USD 2,636.0 million by 2030.
- The Thailand market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, monitoring devices was the largest revenue generating product in 2023.
- Smart Wearable Medical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Portable medical devices market data book summary
| Market revenue in 2023 | USD 1,116.7 million |
| Market revenue in 2030 | USD 2,636.0 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Monitoring devices |
| Fastest growing segment | Smart Wearable Medical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Wearable Medical Devices, Diagnostic Imaging, Therapeutics, Monitoring Devices |
| Key market players worldwide | GE Aerospace, OMRON Corp, Vyaire Medical, Samsung BioLogics, Koninklijke Philips NV, Medtronic PLC, Roche Holding AG, Nox Medical |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.6% of the global portable medical devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China portable medical devices 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 10,354.9 million by 2030.
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Portable Medical Devices Market Scope
Portable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand portable medical devices 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 portable medical devices market will help companies and investors design strategic landscapes.
Monitoring devices was the largest segment with a revenue share of 47.85% in 2023. Horizon Databook has segmented the Thailand portable medical devices market based on smart wearable medical devices, diagnostic imaging, therapeutics, monitoring devices covering the revenue growth of each sub-segment from 2018 to 2030.
In Thailand, there are around 11 million senior citizens, which roughly account for 16% of the overall population. By 2031, this proportion is anticipated to reach 19 million, or 28% of the total population, making Thailand a mature society. According to a survey by the Economic Intelligence Centre (EIC), more than 90% of retirees in Thailand want to stay in their own homes.
In addition, as society progresses, the average size of a home is expected to decrease to three individuals, and life expectancy is projected to increase. Furthermore, home care is three times less expensive than hospital care. These factors create opportunities for companies that provide portable medical devices for in-home care to Thailand’s aging population.
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Our clientele includes a mix of portable medical devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand portable medical devices market, including forecasts for subscribers. This country databook contains high-level insights into Thailand portable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand portable medical devices market size, by product, 2018-2030 (US$M)
Thailand Portable Medical Devices Market Share, 2023 & 2030 (US$M)
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