Thailand Contraceptive Devices Market Report 2022 to 2030

Thailand Contraceptive Devices Market Analysis

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Thailand's Contraceptive Devices Market is expected to witness growth from $15 Mn in 2022 to $29 Mn in 2030 with a CAGR of 8.34% for the forecasted year 2022-30. In Thailand, due to a growing awareness of the benefits of family planning, there is a rising demand for contraceptive methods in the Market. The market is segmented by type and by gender. Some key players in this market include Unison Laboratories, Thai Nippon Rubber Industry, Mylan Laboratories, Mankind Pharma, CooperSurgical, Pfizer, and Teva Pharmaceutical.

ID: IN10THMD005 CATEGORY: Medical Devices GEOGRAPHY: Thailand AUTHOR: Jigyasu Bhandari

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Thailand Contraceptive Devices Healthcare Market Executive Analysis

Thailand's Contraceptive Devices Market is expected to witness growth from $15 Mn in 2022 to $29 Mn in 2030 with a CAGR of 8.34% for the forecasted year 2022-30. The entire investment spent on Thailand's healthcare system is $25.3 billion. By 2026, costs are projected to increase by $47.9 billion, which would signify a 6.6% annual growth rate over the previous ten years. 6.6% of GDP is devoted to healthcare costs, which is a considerable percentage. Another issue is that by 2024, 20% of Thailand's population will be older than 65. Each person in Thailand has to pay $300 for healthcare in 2022. Thailand's health spending per person climbed by an average of 8.83% annually, from $62 in 2000 to $300 in 2022.

In Thailand, there were 20 maternal deaths for per 100,000 live births in 2022. Sexually transmitted infections are very common in Thailand. Chlamydia, gonorrhoea, and syphilis are the most prevalent STIs in Thailand. 4.6% of adults aged 15 to 49 have chlamydia, 2.2% have gonorrhoea, and 0.7% have syphilis. In Thailand, family planning typically involves the use of contraceptive devices and birth control methods. Condoms, birth control pills, intrauterine devices, and implants are a few examples of contraceptive methods that can help prevent unplanned pregnancies and give people more control over their reproductive health and family planning. By preventing unintended pregnancies, contraceptive methods can reduce the risk of maternal death. Because of Thailand's already low rates of maternal mortality, this effect might not be as apparent there, but it is still considerable. Condoms are one example of a contraceptive device that serves both the objective of avoiding the transmission of STIs and other sexually transmitted infections.

Thailand Contraceptive Devices Market Analysis

Market Dynamics

Market Growth Drivers

In Thailand, due to a growing awareness of the benefits of family planning, there is a rising demand for contraceptive methods in the Market. Things like increasing urbanisation, women's independence, and government initiatives to curb population growth have an impact on this. The increasing incidence of STIs in Thailand has increased the demand for condoms and other barrier methods of contraception. The spread of STIs can be effectively halted using these techniques. Due to the expansion of distribution channels like e-commerce and online pharmacies, contraceptive methods are now more widely accessible and feasible for consumers. This has increased consumer interest in these goods, especially among young adults and women in urban areas.

Market Restraints

In Thailand, despite initiatives to raise awareness of the significance of contraception, many Thais still don't have sufficient knowledge of the many techniques available. Manufacturers may find it challenging to properly promote their goods as a result. The price of contraceptive methods can be a major deterrent to use for many individuals. While some treatments, including long-acting reversible contraceptives, may cost more upfront, they can end up being more cost-effective in the long run. The market for manufacturers may be constrained as a result of the fact that many consumers might not be able to afford the up-front expense.

Competitive Landscape

Key Players

Unison Laboratories (TH)
Thai Nippon Rubber Industry (TH)
Mylan Laboratories
Church & Dwight
CooperSurgical
Pfizer
Teva Pharmaceutical

Healthcare Policies and Regulatory Landscape

The Thai Food and Drug Administration (TFDA), which is a division of the Ministry of Public Health, is in charge of regulating contraceptive devices in Thailand. Before they can be sold in the nation, all contraceptive devices must be approved by the TFDA and registered. In Thailand, private businesses also provide a variety of contraceptive goods in addition to government-run initiatives. However, before they may be sold in the nation, all medical devices, including contraceptives, must be registered with the TFDA. The device's safety, effectiveness, and quality are examined as part of the registration procedure. The Thai government has put in place a number of programmes to encourage the use of contraceptives throughout the nation, including giving people who cannot afford them access to free or inexpensive contraception. The government has also put measures in place to encourage sex education and family planning awareness, especially among teenagers and young people.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Contraceptive Devices Market Segmentation

By Type (Revenue, USD Billion):

A condom is a sheath-shaped barrier device used during sexual intercourse to reduce the probability of pregnancy or a sexually transmitted infection (STI). There are both male and female condoms. With proper use, women whose partners use male condoms experience a 2% per-year pregnancy rate. Their use greatly decreases the risk of gonorrhea, chlamydia, trichomoniasis, hepatitis B, and HIV/AIDS, per the World Health Organization Updates in November 2020. To a lesser extent, they also protect against genital herpes, human papillomavirus (HPV), and syphilis. Hence, the other reasons that aid the growth of the contraception devices market are the rising occurrence of STDs and the substantial increase in the population

Condoms
Diaphragms
Cervical Caps
Sponges
Vaginal Rings
Intra Uterine Devices (IUD)
Other Devices

By Gender (Revenue, USD Billion):

Based on Gender the contraceptive devices market is segmented into male and female.

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.