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Domestic medical device sales in 2020 are likely to grow 3.0%, slowing from 5.5% in 2019

The domestic market for medical devices will expand through 2021 at a rate that will closely mirror that of a year earlier, while exports will continue to enjoy strong growth, and although the severity of Thailand’s 3rd wave of Covid-19 infections has temporarily closed the market for medical tourism and severely undercut the number of domestic patients seeking treatment for less severe conditions, demand for single-use consumables

ในระยะที่ผ่านมา ศักยภาพการทำงานของหุ่นยนต์ได้รับการพัฒนาอย่างต่อเนื่องตามความก้าวหน้าของนวัตกรรม

Thai manufacturers of medical devices should enjoy solid rates of growth over the period from 2023 to 2025, with the value of goods distributed domestically and internationally forecast to expand by averages of respectively 5.5-7.0% and 6.5-7.5% annually. Markets will be lifted by a number of tailwinds, including the aging of society and the accompanying rise in rates of illness, the threat of newly emerging diseases, growth in demand for medical tourism (a market where Thailand is recognized globally for its high quality of care and low costs)

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The global agricultural sector is facing challenges from a growing population, trade wars, climate change, and outbreaks of plant and animal diseases, which are leading to food insecurity and economic inequality.

The market for agricultural machinery contracted in 2023 on a combination of the onset of El Niño and the resulting drop in farm yields, and high levels of household debt. However, conditions should improve over 2024 to 2026, and the market is expected to swing back to average annual growth of 3.0-4.0%