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 senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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