Thailand ENT Devices Market Report 2022 to 2030

Thailand ENT Devices Market Analysis

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Thailand's ENT Devices Market is projected to grow from $28 Mn in 2022 to $45 Mn by 2030, registering a CAGR of 6.1% during the forecast period of 2022-30. The rising prevalence of ENT disorders, such as hearing loss, sinusitis, and tonsillitis, is a major driver of the ENT device market. The market is highly competitive, with a large number of players operating in the space, ranging from small, specialized companies to large multinational corporations. The domestic key players in the Thailand ENT devices market include KMS Medical, 4C Medical Instrument, and Nitan Medical.

ID: IN10THMD009 CATEGORY: Medical Devices GEOGRAPHY: Thailand AUTHOR: Dr. Vishwa Modhia

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Thailand ENT Devices Market Analysis Summary

Thailand's ENT Devices Market is projected to grow from $28 Mn in 2022 to $45 Mn by 2030, registering a CAGR of 6.1% during the forecast period of 2022-30.

Thailand is an upper middle-income developing country located in Southeastern Asia bordering the Andaman Sea and the Gulf of Thailand. Thailand belongs to the Association of Southeast Asian Nations (ASEAN). Thailand had over 3 Mn medical tourists in 2019, generating over $700 Mn in income. Thailand's government spent 4.4% of its GDP on healthcare in 2020.

Thailand ENT Devices Market

Market Dynamics

Market Growth Drivers Analysis

Thailand's increased alignment with the ASEAN Medical Device Directive results in harmonised medical device laws that prioritise patient safety. Thailand has the most JCI-accredited hospitals in Asia, at 62. Thailand was placed fifth out of forty-six nations in the Medical Tourism Association's 2020-2021 Medical Tourism Index. Thailand's medical device market was estimated to be worth $3.7 Bn in 2020 and is likely to expand further in the future years. In Thailand, there are no reimbursement policies for medical devices, which may deter patients from obtaining treatment with ENT devices. Thailand is a renowned medical tourism destination, and there is an increasing demand for ENT treatments among medical tourists. These aspects could boost Thailand's ENT Devices Market.

Market restrains.

Prior to importing medical devices into Thailand, local importers or distributors must register them with the Thai FDA and provide information based on the Thai FDA's medical device categorization handbook. The process of registering a medical device can take between 200-300 days to complete. Thailand levies hefty import tariffs on medical devices, making it difficult for foreign companies to compete with domestic home companies. These factors may deter new entrants into the Thailand ENT Devices Market.

Competitive Landscape

Key Players

Nissan Medical Co., Ltd: This company produces a range of medical devices, including ENT instruments such as ear specula, nasal specula, and laryngoscopes
Otolaryngology Instruments (Thailand) Ltd: This company produces a variety of medical equipment and supplies, including ENT devices such as otoscopes, endoscopes, and laryngoscopes
4C Medical Instrument Co., Ltd: This company produces medical devices, including ENT instruments such as suction tips, ear curettes, and biopsy forceps
KMS Medical Co., Ltd: This company produces a range of medical equipment and supplies, including ENT devices such as endoscopes, laryngoscopes, and otoscopes
Meditop Co., Ltd: This company produces a variety of medical devices and supplies, including ENT instruments such as nasal forceps, ear forceps, and scissors

Healthcare Policies and Reimbursement Scenarios

In Thailand, the regulatory oversight of medical devices, including ENT devices, is overseen by the Medical Device Control Division (MDCD) of the Thai Food and Drug Administration (TFDA). Foreign manufacturers must also appoint a local representative in Thailand to act as the importer of record and ensure compliance with local regulations. healthcare in Thailand is primarily provided through the government's Universal Coverage Scheme (UCS), which provides basic healthcare coverage to all Thai citizens.

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

ENT Device Market Segmentation

The ENT Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

Diagnostic Devices
Surgical Devices
Hearing Aids
Hearing Implants
Co2 Lasers
Image-Guided Surgery Systems

By Diagnostic Devices (Revenue, USD Billion):

Endocsopes
Hearing Screening Devices

By Surgical Device (Revenue, USD Billion):

Powered Surgical Instruments
Radiofrequency (RF) Handpieces
Handheld Instruments
Balloon Sinus Dilation Devices
ENT Supplies
Ear Tubes
Voice Prosthesis Devices

By End Users (Revenue, USD Billion):

Hospitals and Ambulatory Settings
Home Use
ENT Clinics

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.

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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.