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Reportlinker Adds The Outlook for Medical Devices in South East Asia
Date:5/23/2011

is evident in Singapore. Both rates for doctors and hospital beds per thousand population are above global averages. The Singapore government provides considerable financial backing to the healthcare industry. Known for a strong and focused industrial policy, the government continuesto channel funds into medical and pharmaceutical research, and has vowed to continue investing in this sector despite a slowdown in the economy.

THAILAND

The Thailand medical device market has been undergoing a period of rapid growth, and if fundamentals remain the same, the market looks set to expand at an attractive

9.1% per annum in the medium term. This growth could be somewhat tempered as a result of a global economic downturn, but the percentage point growth rate is still

expected to be high by world standards. Market growth is tied to the strength of the United States economy, and the performance of the local currency against the dollar. After a period of slow recovery, imports surpassed the pre-late 90s economic crash for the first time in 2004 and has spiked a further 105.8%. Imports have grown each year between 2001 and 2009, all while the county continued to maintain a steady positive balance of trade. The government has continued to back the universal healthcare system. In April 2009, the government announced it was raising the per capita expenditure budget to 2,400 baht (US$70) per head in fiscal 2010 compared to the rate of 2,202 baht. In overall terms, the government allocation for the scheme totals 112.8 million baht (US$3.3 billion) for 2010.

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