Medical device and pharmaceutical market in Thailand

107-4The medical device market in Thailand continues to strong economic growth, even the slowdown of a global. Thailand’s medical device market was value more than $850 million in 2012.

Thailand’s pharmaceutical market is steadily growing. Mostly still reliant on drug imports. The values of the Thailand pharmaceutical market at about $4.3 billion. The government is encouraging the use of generic drugs over patents drugs for cut costs.

Thailand continues to develop, increase demand for better healthcare of citizens, to support universal healthcare system by raising the per capita healthcare expenditure.

Since April 2009, the government raised the per capita health expenditure budget from 2,202 baht ($74) to about 2,400 baht ($81) per capita. The Thai government is continued to support the universal healthcare system in the country.

Thailand’s Food and Drug Administration (FDA) is responsible to protecting consumer health by control the quality, safety and efficacy of medical devices in Thailand.

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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