Thailand Wearable Medical Devices Market Size & Outlook
Thailand wearable medical devices market, 2018-2030 (US$M)
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Thailand wearable medical devices market highlights
- The Thailand wearable medical devices market generated a revenue of USD 544.7 million in 2023 and is expected to reach USD 3,180.4 million by 2030.
- The Thailand market is expected to grow at a CAGR of 28.7% from 2024 to 2030.
- In terms of segment, diagnostic was the largest revenue generating product in 2023.
- Therapeutic is the most lucrative product segment registering the fastest growth during the forecast period.
Wearable medical devices market data book summary
| Market revenue in 2023 | USD 544.7 million |
| Market revenue in 2030 | USD 3,180.4 million |
| Growth rate | 28.7% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic |
| Fastest growing segment | Therapeutic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic, Therapeutic |
| Key market players worldwide | Koninklijke Philips NV, Fitbit, Intel Corp, Garmin Ltd, Covidien, OMRON Corp, Polar Electro, Everist Health, UltraLinq Healthcare Solutions, Sotera Health Co Ordinary Shares |
Other key industry trends
- In terms of revenue, Thailand accounted for 1.6% of the global wearable 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, Japan wearable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,149.5 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand wearable 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 wearable medical devices market will help companies and investors design strategic landscapes.
Diagnostic was the largest segment with a revenue share of 61.3% in 2023. Horizon Databook has segmented the Thailand wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
In Thailand, in order to curb healthcare expenditure, the government is emphasizing more on preventive measures, and this is expected to boost the usage of diagnosis instruments. The presence of a large target population is also an important factor boosting the market. Various cost-cutting measures have been implemented in the country owing to increased pressure on the government to increase the healthcare budget.
One of these measures is the introduction of home healthcare. Portable X-ray and new innovations in CT scan that provide portability, ease of use, and better image quality will be useful for home healthcare. However, the high cost of initial setup is likely to pose a major challenge for the penetration of this technology. Also, a large percentage of population resides in remote locations, which is likely to restrain market growth.
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Our clientele includes a mix of wearable medical devices 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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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into Thailand wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand wearable medical devices market size, by product, 2018-2030 (US$M)
Thailand Wearable Medical Devices Market Outlook Share, 2023 & 2030 (US$M)
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