Thailand Surgical Equipment Market Size & Outlook
Thailand surgical equipment market, 2018-2030 (US$M)
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Thailand surgical equipment market highlights
- The Thailand surgical equipment market generated a revenue of USD 160.8 million in 2023 and is expected to reach USD 261.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, surgical sutures & staplers was the largest revenue generating product in 2023.
- Electrosurgical Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Surgical equipment market data book summary
| Market revenue in 2023 | USD 160.8 million |
| Market revenue in 2030 | USD 261.8 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Surgical sutures & staplers |
| Fastest growing segment | Electrosurgical Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surgical Sutures & Staplers, Handheld Surgical Devices, Electrosurgical Devices |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, B. Braun, Smith & Nephew PLC, Stryker Corp, Aspen Group Inc, Medtronic PLC, BD |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.0% of the global surgical equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China surgical equipment 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 1,921.1 million by 2030.
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Surgical Equipment Market Scope
Surgical Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand surgical equipment 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 surgical equipment market will help companies and investors design strategic landscapes.
Surgical sutures & staplers was the largest segment with a revenue share of 45.71% in 2023. Horizon Databook has segmented the Thailand surgical equipment market based on surgical sutures & staplers, handheld surgical devices, electrosurgical devices covering the revenue growth of each sub-segment from 2018 to 2030.
In Thailand's surgical equipment market, competition is anticipated to increase due to the rising geriatric population and the increasing prevalence of conditions requiring surgeries. In addition, the increasing elderly population is anticipated to boost the country's market.
The risk of fractures, cardiovascular diseases, and orthopedic conditions increases with age. Thus, the rising geriatric population is expected to propel the demand for surgical equipment in Thailand. In addition, the increasing prevalence of chronic disorders is expected to increase the number of surgeries being performed.
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Target buyers of Thailand surgical equipment market databook
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Our clientele includes a mix of surgical equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Thailand surgical equipment market , including forecasts for subscribers. This country databook contains high-level insights into Thailand surgical equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand surgical equipment market size, by product, 2018-2030 (US$M)
Thailand Surgical Equipment Market Outlook Share, 2023 & 2030 (US$M)
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