Thailand Ultrasound Devices Market Size & Outlook
Thailand ultrasound devices market, 2018-2030 (US$M)
Related Markets
Thailand ultrasound devices market highlights
- The Thailand ultrasound devices market generated a revenue of USD 185.0 million in 2023 and is expected to reach USD 258.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 185.0 million |
| Market revenue in 2030 | USD 258.1 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.9% of the global ultrasound 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 ultrasound devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 759.1 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 83.51% in 2023. Horizon Databook has segmented the Thailand ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices 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.
The domestic consumption of medical devices is growing in Thailand. This is due to the growth of medical services. Medical devices are increasingly being designed and produced in Thailand, especially single-use devices. Other advanced devices, such as ultrasound devices, are imported. This is due to a lack of supply in domestic applications.
Thailand is home to several academic and research institutions that actively engage in research and studies. These institutions rely on ultrasound device technologies to advance their research and contribute to market growth.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand ultrasound devices market size, by product, 2018-2030 (US$M)
Thailand Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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