The import of opacifying preparations, X-ray, and diagnostic reagents to Thailand has shown a notable upward trend from 2013 to 2023, standing at 43.031 million USD in 2023. Over the last two years, there was a modest variation in year-on-year growth, with a 4.14% increase in 2023 following a slight dip of 0.56% in 2022. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) was 3.34%, indicating steady growth albeit at a slower pace compared to earlier years.
Looking ahead, the forecasted data predicts continued growth from 2024 to 2028 with an average annual growth rate (CAGR) of 2.66%, culminating in an expected value of 51.168 million USD by 2028. This signifies a total growth rate of 14.03% over the five-year forecast period.
Future trends to watch for include:
- Technological advancements in diagnostic reagents and X-ray preparations which could drive higher demand.
- Policy changes or trade agreements impacting import tariffs and regulations.
- Shifts in healthcare investments and infrastructure improvements within Thailand.